Round Table | How to Invest in Deals Without Writing a Check
Did you know that the biggest challenge to financial freedom is the lack of access to cash? But who said you need to use your own money to start making deals and building wealth? Russ even says that writing a check is the worst way to make a deal.
In today's round table, Russ, Joey, and the Financial Freedom Coaches discuss three ways to invest in deals without writing a check. So get ready to learn how to leverage the following resources to participate in investment opportunities.
Other People's Money
Creative Financing
Expertise/ Sweat Equity/ Intellectual Capital
Are you interested in investing in short-term rentals but do not want to manage the property? Reach out to info@wealthwithoutwallstreet.com and type in STR.
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5:38 - Why is this topic important for us to cover today?
8:38 - How can we use other people's money?
12:51 - Let's say there's a $300K house you're trying to buy. Putting this deal together as you did, what does that look like?
22:51 - Why would I say I don't believe that people want the cash?
27:45 - Let's pretend the business is worth $1 Million, and they're going to put it in a traditional account. What would they hope to get monthly from cash flow?
30:01 - Have you also done creative financing in the short-term rental space?
32:05 - How can someone do a deal without writing a check and, in turn, just contribute expertise or sweat equity?
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