Friday, February 2, 2018

David Buys a Business for Passive Income- How to Buy a Business

So, If I was a business broker and I had all these sellers coming to see me, why didn’t I just buy some of the businesses and put managers in place so I could enjoy some passive income?

This week I’ve been asked why I was so foolish as to not take advantage of free money with no work.  Duh, I must have missed a lot of opportunities.

Seriously though, let’s examine this idea of being a passive investor who lets other people manage a small business for them.

Bonus: I’ll tell you the story of when I actually did pull off a deal like this and what the real-world results were.  Not so passive I’m afraid.

Watch the video:

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