Show notes
Welcome to a new episode of Get Creative! In this episode, Pace Morby and Cody Barton engage in a lively debate on the merits of investing in real estate versus buying a business. They share their personal experiences, insights, and advice to help listeners determine the best path forward for their financial goals and entrepreneurial aspirations.
Highlights:
"If I could go back six years ago, I would have said 10 single family homes to 25 single family homes. Done?"
"If you're gonna do real estate that way, where you're deploying very little into the deal, you wait for it for a couple of years, and you make 120 grand. You roll it into something else. I'm all about that."
"If you're gonna go into business, it's okay to buy a laundromat or car wash, as you're one of your first businesses, only just to own it for a year or two to learn."
"If you're lazy, you don't want to learn how to be a leader. You want to learn how to put an organization together, and you don't want to learn how to dominate the world, and you want to state your nine to five job and just have a peaceful retirement. I would argue that just buying real estate is the way to go."
Timestamps:
00:00 - The Ultimate Debate: Real Estate or Businesses?
05:47 - The Pros and Cons of Real Estate Investing
10:00 - The Challenges of Single-Family Rentals
14:04 - Investing in Multifamily and Syndications
16:53 - The Benefits of Buying a Franchise
19:40 - The Importance of Systems and Processes in Businesses
24:00 - Identifying and Addressing Issues in Your Business
28:37 - The Brrr Strategy vs. Buying a Business
34:22 - Creative Financing in Real Estate
39:19 - The Advantages of Real Estate Over Businesses
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► Want to Become a Private Money Lender? Join Us For The Upcoming LIVE Training this Saturday to Learn How to Lend Money on Real Estate Deals:
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► Become a Top Tier Transaction Coordinator and Make Money Doing The Paperwork For Real Estate Transactions:
https://paceapproves.com/tttc-gc?utm_source=Apple&utm_medium=video&utm_campaign=getcreativepodcast
► Listen To Pace and His Students Share Insider Secrets To Real Estate Investor Success:
https://getcreativepodcast.com/
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