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Wealthy Way cover image

How to Buy A Business With No Money in 2024 | Carl Allen

Wealthy Way

NOTE

Leverage Capital for Ownership and Income Stream

The speaker owns 26 companies without working in any of them, as they have General Managers running the businesses. By leveraging capital to make deals, the speaker's equity becomes technically free, allowing them to offer a piece of ownership to their General Managers. An example deal involved purchasing a real estate coaching company for four million dollars with a $300,000 down payment. The rest of the money is being cash flowed over a 10-year period, with a bullet repayment to accommodate the seller's desire for more income and minimize capital gains taxes. The approach allows the speaker to provide an income stream without the need to reinvest the money in the markets.

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