0001 - Welcome to the Business Buying for Financial Independence Podcast

Ever wonder if buying a business could be your shortcut to financial independence?

In this episode, Tim Delaney shares how he bought his first business with just 10% down and why buying an existing business might be a smarter, faster way to own your time and build wealth than starting from scratch.Tim is an entrepreneur who believes everyone should explore the opportunities that business and real estate can provide on the path to financial freedom. He owns and operates a wine & liquor store, a software startup, a consulting company and a growing portfolio of commercial and residential real estate.

Tim’s passion for independent business has led him to support dozens of other business owners. For over a decade, he has worked with businesses on strategy, processes, finances, and marketing. These experiences, along with analyzing dozens of other businesses for potential acquisition, have provided Tim with an immense knowledge base to pull from.

Tim has appeared on multiple top-tier podcasts in the financial space, such as Bigger Pockets Money and The Freedom Chasers Podcast.

 

[00:01 - 02:28] About Tim & The Podcast

Tim’s journey began 12 years ago when he bought his first “boring” business.

No tech or startup background—just practical strategies.

Has since invested in multiple industries like retail, real estate, construction, and software.

The podcast aims to help you find, buy, and grow businesses for financial freedom.

 

[02:29 - 06:55] How Tim Bought His First Business

Learned about SBA loans and bank financing to leverage purchases.

Initial attempt with a gourmet cookware business didn’t qualify for loans.

Shifted focus to more profitable, bank-friendly businesses.

Found a wine and liquor store with growth potential despite some challenges.

Used a mix of bank loans (80%) and seller financi