Chad Carson, a seasoned real estate investor with over 100 properties, and Codie Sanchez, a savvy business owner and author, dive into the great debate of buying businesses versus investing in real estate. They discuss their unique portfolios, strategies for acquiring cash-flowing assets, and the essential steps for getting started. Both share valuable lessons from their journeys, including common pitfalls and creative financing options. Tune in for insights on achieving financial independence through smart investments!
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question_answer ANECDOTE
Chad's Real Estate Portfolio
Chad Carson owns 100+ properties, mostly student rentals in Clemson, SC.
He lived in Ecuador for 17 months, managing his rentals remotely with property managers.
question_answer ANECDOTE
Codie's Business Portfolio
Codie Sanchez owns 15+ businesses, ranging from laundromats to podcast production.
She focuses on "boring businesses" with under $5 million revenue, using SBA loans and seller financing.
volunteer_activism ADVICE
Starting with Small Capital
Learn about business acquisition through resources like "Buy Then Build" by Walker Deibel.
Consider investing in businesses related to your existing expenses or skills, like Codie did with her landscaper.
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In 'Main Street Millionaire: How to Create Financial Success', Alexzandra De La Iglesia provides a straightforward and accessible four-step process to help entrepreneurs and small business owners achieve financial success. The book focuses on identifying the ideal customer and implementing strategies to maximize sales, making it easier for anyone to create a strategic plan for financial growth.
Buy Then Build
How Acquisition Entrepreneurs Outsmart the Startup Game
Walker Deibel
In 'Buy Then Build,' Walker Deibel provides a comprehensive guide for acquisition entrepreneurs. The book explains how to skip the startup phase and generate profitable revenue immediately by buying an existing company. It covers topics such as finding great brokers, generating 'deal flow,' uncovering opportunities and risks, navigating the acquisition process, and transitioning into the role of a CEO. Deibel argues that buying a business is often more lucrative than starting one from scratch, especially with the current market trends and the retirement of baby boomers who own many small businesses.
If you’re looking to add some time-leveraged cash flow to your bottom line, two of the best options are investing in rental real estate and buying small businesses.
Both are viable options, and to help you figure out if either or both of these investment options are right for you, it’s time for another Side Hustle Showdown.
For the debate, I’ve invited back two Side Hustle Show favorites:
The Side Hustle Show 
