Today’s guest makes up to $100,000 per year, PER investment, by buying businesses. Yep, you heard that right. We’re not talking about a few hundred bucks a month in cash flow like most rental properties get you. Instead, you can make a living by buying a business “no one wants,” which is exactly what Matt DeBoth is doing.
Matt saw the writing on the wall after building up a sizable real estate portfolio. Low interest rates flooded buyers into the housing market, putting those with properties to sell in a great position. So, Matt sold many of his rental properties and wondered where he should put the money into. Over the next year, he spent his days researching businesses to buy, talking to business brokers, and eventually landed on a local pizza franchise. Matt was able to turn it around, and after months of hard work, he’s collecting serious cash flow from a business that only takes a few hours a week to manage!
If you want to buy yourself a six-figure income stream and feel like now is the perfect time to take a pause from real estate investing, Matt’s story may be just what you need to get started. He shares how much it costs to buy a small business, how to manage it, what to look for in business investment opportunities, and what you can do TODAY to get started!
In This Episode We Cover
How to create a six-figure income stream by buying small business franchises
Buying the businesses “no one wants” and how to easily spot an investing opportunity
Why a poorly run business can mean tremendous potential for you to make more money
The low-money-down small business loans that Matt is using to buy businesses
How to manage your business the right way so you only need to work a few hours a week
Who should (and shouldn’t) buy businesses, and how to pick one
And So Much More!
(00:00) Intro
(01:34) Buying When No One Else Would
(04:02) House Hacking an Apartment?
(06:09) Selling Off His Rentals?!
(13:06) Ditching Rentals to Buy Businesses
(15:32) Buying His First Business
(17:45) Finding Investment Opportunities
(21:07) $100K/Year Income Streams?
(24:55) Managing the Businesses
(28:28) Who Should Buy Businesses?
(30:58) How to Get Started
Check out more resources from this show on
BiggerPockets.com and
https://www.biggerpockets.com/blog/real-estate-980
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email
advertise@biggerpockets.com.
Learn more about your ad choices. Visit
megaphone.fm/adchoices