Self-Storage vs. Mobile Home vs. RV Park 3: The Best Passive Large Business - MFI Series1, #167 - E-book - ePub

We have come some far in our journey in self-storage, mobile homes, and RV parks, and now it's time to take it to the next level. We will buy a huge commercial property with a pre-existing business built on top. The goal is to buy it, improve the facilities, reduce expenses, and increase income streams. But first, we need to find funding for our property. The bank considers these commercial assets, so we need to present a business proposal.
We will also need to secure a 20% down payment, probably through private or seller financing. Finally, we will need to install competent management. The better the management, the more passive our income. That's the goal, right? To have a business that you are not running but pays you.