How to Fund a Business Down Payment in 24 Hours | Ep. 64

In this episode, Chris Larsen discusses why real estate should be viewed like a business, especially when it comes to controlling purchase price, increasing income, understanding net operating income, and using tax advantages strategically. Chris shares how his early experience house hacking a townhouse helped shape the way he thinks about assets, liabilities, and using income-producing property to create more freedom. The conversation also covers Chris's "family bank" strategy, where cash value life insurance policies created liquidity that could be used to fund a car wash down payment. Chris explains how the policy loan gave him access to hundreds of thousands of dollars within 24 hours, and how the car wash then paid that loan back with interest and profit. 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. [00:00 – 01:49] Using a Family Bank to Buy a Car Wash [01:49 – 06:47] Chris's Background and Real Estate Mindset [06:47 – 12:16] House Hacking, Assets, and Financial Independence [12:16 – 18:15] Buying Car Washes and Evaluating Deals [18:15 – 24:40] Underwriting, AI, and Discounted Opportunities [24:40 – 29:47] Car Washes, Equipment, and Tax Advantages [29:47 – 34:07] Business Ownership, Real Estate, and Tax Strategy [34:07 – 37:19] Policy Loans, Liquidity, and the Family Bank [37:19 – 44:45] Entity Structure, Roll-Ups, and Thinking Bigger Guest Bio Chris Larsen is the founder and principal of Next Level Income. He has been investing in and managing real estate for more than 20 years, beginning with his first rental property at age 21. Since then, Chris has expanded into development, private lending, distressed debt, commercial offices, commercial real estate syndications, and active business ownership. Connect with Chris: YouTube: @thenextlevelincomeshow Website: www.nextlevelincome.com Book : NextLevelIncome.com/financialfreedombook Connect with Tim and the community on social media for more tips and updates: Website: https://www.powerofbiz.com YouTube: https://www.youtube.com/@powerofbiz Instagram: https://www.instagram.com/timtdelaney/ Threads: https://www.threads.com/@timtdelaney LinkedIn: https://www.linkedin.com/in/timothytdelaney/ Facebook: https://www.facebook.com/timtdelaney Tweetable Quotes "Seek to own assets and rent liabilities." — Chris Larsen "Get really clear on what you want before you start looking at deals." — Chris Larsen "If you don't have the strength to operate the business, partner with somebody who does." — Chris Larsen