Side Hustle Showdown: Buying a Business vs. Investing in Real Estate (Greatest Hits)

The Side Hustle Show

Nick Loper

Business, Education, Entrepreneurship, How To

4.7 • 1.6K Ratings

🗓️ 5 December 2024

⏱️ 57 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

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 several low-cost real estate side hustles. 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 (Greatest Hits) New to the Show? Get your personalized money-making playlist here! Sponsors: Found — Stop getting lost in countless finance apps and try Found for free! Indeed — Start hiring NOW with a $75 sponsored job credit to upgrade your job post! Mint Mobile — Cut your wireless bill to $15 a month! Gusto — Get 3 months free of the leading payroll, benefits, and HR provider for modern small businesses!

Transcript

Click on a timestamp to play from that location

0:00.0	Here's an oldie but a goodie from the archives from the side hustle show Greatest Hits Collection.
0:06.0	What's up? What's up? Nick Loper here, welcome to The Side Hustle Show because you are the CEO of your own life.
0:12.5	The Side Hustle Showdown series returns today with another friendly debate style episode,
0:18.0	pitting two popular side hustles against each other so you can decide
0:21.5	the best path for you. On the table today is investing in real estate, one of the oldest side hustles
0:28.1	in the book, right? And buying a small business, something that may or may not be on your radar,
0:33.2	but I think should be because, you know, somebody else in this case has already done the heavy
0:38.6	zero to one lifting, but to get that business up and running, a more affordable way to buy
0:43.8	some cash flow potentially. So I think both are viable options to insert some, call it time
0:48.7	leveraged cash flow. I don't want necessarily want to say passive income, but some time
0:52.6	leveraged cash flow into your
0:54.1	financial picture. And to help out with this debate, I've invited back to side hustle show
0:59.9	alumni, two side hustle show favorites representing the real estate side. He's the owner of over
1:06.5	100 properties. And he's the author of Retire Early with Real Estate from coach carson.com
1:12.9	is Mr. Chad Carson. Chad, welcome back to the show. Yeah, it's great to be here, Nick. Thanks
1:17.5	for having me. You bet. And in the other corner, representing the business buying side of the debate,
1:24.1	she's the owner of several what she calls, quote, boring businesses, including a laundromat and a podcast production service. She's the owner of several what she calls, quote, boring businesses, including
1:28.3	a laundromat and a podcast production service. She's the author of Main Street Millionaire
1:33.8	from Contrarian Thinking and Contrarian Cash Flow is Cody Sanchez. Cody, welcome back.
1:40.2	Thanks for having me. Stoke to do this. Let's do this. So maybe we'll start off with kind of your portfolio at a glance as it exists today and the
1:49.6	cash flow or lifestyle that that affords you because it didn't happen overnight,
1:53.4	but I think it's helpful to maybe start with what is possible through, you know,
	...

Transcript will be available on the free plan in -117 days. Upgrade to see the full transcript now.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Nick Loper, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Nick Loper and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.