460: Side Hustle Showdown: Buying a Business vs. Investing in Real Estate

The Side Hustle Show

Nick Loper

How To, Entrepreneurship, Business, Education

4.7 • 1.6K Ratings

🗓️ 2 September 2021

⏱️ 58 minutes

🔗️ Recording | iTunes | RSS

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Summary

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: Chad Carson is the owner of over 100+ properties and the author of Retire Early with Real Estate. Codie Sanchez is the owner of several so-called “boring” small businesses, including a laundromat and a podcast production service. (In Chad's first appearance, we covered 5 low-cost ways to get started in real estate. With Codie, we explored how to grow and monetize an email newsletter.) Tune in the week to learn: what kind of portfolios Chad and Codie have built up how you can get started buying real estate and small businesses some of the creative financing options available the mistakes they made along the way and more Full Show Notes: Side Hustle Showdown: Buying a Business vs. Investing in Real Estate

Transcript

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0:00.0	What's up? What's up? Nick Loper here. Welcome to the side hustle show because you are the CEO of
0:05.7	your own life. The side hustle showdown series returns today with another friendly debate style
0:12.4	episode, pitting two popular side hustles against each other. So you can decide the best path for
0:18.0	you on the table today is investing in real estate, one of the oldest side hustles in the book,
0:24.1	right? And buying a small business, something that may or may not be on your radar, but I think
0:29.9	should be because somebody else in this case has already done the heavy zero to one lifting
0:36.5	to get that business up and running a more affordable way to buy some cash flow potentially.
0:41.7	So I think both are viable options to insert some call it time leveraged cash flow. I don't
0:47.0	want necessarily want to say passive income, but some time leveraged cash flow into your financial
0:51.6	picture. And to help out with this debate, I've invited back to side hustle show alumni to side
0:58.5	hustle show favorites, representing the real estate side. He's the owner of over a hundred properties
1:05.2	and he's the author of retire early with real estate from coach Carson.com is Mr Chad Carson Chad.
1:12.8	Welcome back to the show. Yeah, it's great to be here Nick. Thanks for having me. You bet. And in
1:17.8	the other corner, representing the business buying side of the debate, she's the owner of several
1:24.7	what she calls quote boring businesses, including a laundromat and a podcast production service from
1:31.1	contrarian thinking and contrarian cash flow is Cody Sanchez. Cody, welcome back. Thanks for having
1:37.6	me stoked to do this. Let's do this. So let's maybe we'll start off with kind of your portfolio
1:43.1	at a glance as it exists today and the cash flow or lifestyle that that affords you because it
1:49.6	didn't happen overnight, but I think it's helpful to maybe start with what is possible through
1:55.2	you know, five, 10, 15, you know, in in Chad's case, like consistent years of dedicated effort
2:00.5	and maybe Chad, you can kick us off. Yeah, sure. So I have been doing this for about 18 years and
2:05.4	I started right after college just flipping houses. So I was a business of a little bit different
	...

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