/biz/ - Business & Finance

What kind of rental properties? Success or failure may depend on the kind. Section 8 and other kinds of low income housing guaranteed by the govt may be stronger than say, buying a bunch of upper class single family homes in a rich neighborhood.
If UBI/welfare state kind of stuff happens, you'd focus on getting their handouts, so you'd build investments around that.
You'd need to focus on social skills and political cred so you can have some sway with administrators, beaurocrats, and other kinds of people who will end up being the 'rulers' of the socialist system, so that you can make a move when the time counts.
Ultimately, you'd do it to build the financial mobility to get the fuck out. Being flexible and mobile will preserve you for another generation if things go sour. Most countries will accept foreign investors who can actually bring capital to their nation.

Amerifat here lookin to cash in somehow on the corona thing scaring all the restaurants to death. A few cafes are extraordinarily cheap right now, and so I'm hoping to secure a comparatively small loan of roughly $70k-90k in order to purchase an existing cafe and get one rolling. There's just a few issues.
>own no assets
>have no money
>young
>have no managerial experience/never owned a business

I have several things I believe are going for me
>I heard cafes (at least non-fancy cafes) are recession resistant since coffee consumption is essentially a necessity
>cafe in a more residential area may benefit from the 'work from home' cultural shift that corona's forcing
>other cafes are built in corporate parks, meaning that as long as they have businesses there the cafe will have continual foot traffic
>have excelled in 3 different job types in the biz (dishwashing, cooking, and currently a dishwasher technician with a deep understanding of how cutthroat everything is)
>willingness to work 60 hours a week
>the rona slashed these business prices by 30%

How dumb is this? Is it possible for me to 100% finance a business takeover? What's the best way to proceed if not? What other options do I have? Can my arguments persuade bankers?