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!
Ashley:
Most rookies think the fastest way to financial freedom is through buying rental properties. But what if that’s not actually true?
Tony:
Today’s guest says you might be better off buying a small business first, and he’s living proof it can work. He used his business to buy a retail plaza with $0 down, and now he’s building wealth through both business and real estate.
Ashley:
We’re sitting down with Tim Delaney, an entrepreneur and real estate investor from Buffalo, New York, who’s showing us how to get creative with financing build systems that give you your time back and think outside the box when you’re just getting started.
Tony:
If you’ve ever felt stuck because you don’t have the cash or perfect credit to get into real estate, this episode is going to open your eyes to what’s really possible. So let’s jump in.
Ashley:
Tim. A lot of…