The FASTEST Path to Financial Freedom for Rookies (Not Rentals?) | Bigger Pockets Video

Episode #603

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Rentals can give you financial freedom, but what if there’s a better way? Today’s guest took a much different path, buying a business that gave him immediate cash flow. Now, he’s building serious wealth through both business and real estate, and his strategy might just be the shortcut you’ve been looking for!

Welcome back to the “Real Estate Rookie” podcast! Rather than putting money down on a rental property, Tim Delaney bought a small wine and liquor store—a move that gave him huge cash flow on day one, allowed him to save faster, and helped him scale his real estate portfolio beyond what would have been possible otherwise. As you’re about to hear, it also unlocked a creative deal that allowed him to buy a $1 million plaza with zero money down!

Whether you feel stuck, overwhelmed, or simply unready for rentals, this episode will open your eyes to the possibilities beyond real estate. Tune in as Tim shows you how to buy a cash-flowing business for the price of a single-family home, as well as how to build your investing network, find private money lenders, and negotiate seller financing deals!

0:00 Intro
00:50 The $0-Down Plaza
06:51 Tim’s Investing Journey
08:55 How to Form a Partnership
11:47 Sponsor: RentRedi!
12:24 Buying a Business 101
20:09 Getting Into Real Estate
22:00 Building Lender Relationships
27:32 The Power of Delegation
33:18 Pairing Business & Real Estate
38:46 Connect with Tim!