Today is an incredibly big day! Grayson may be closing on a huge deal tonight. It’s been a long time coming but it’s finally happening! He quit his last job about 3+ years ago and since then he’s been looking to buy a business and has gone through about 5000 different companies, sorted through many different websites, and talked to lots of different owners — but it was all worth it, because he’s finally found one that he loves and is super excited about. He’s completed all of the purchase agreement documents and soon… all will be finalized!
So today’s episode is going to provide as a recap for what Grayson has been up to for the last couple of years. Hopefully it will serve as both inspiration — but also as a cautionary tale for those of you who want to get out there and buy your own deal! Today we’re going to be sharing the good, the bad, and the ugly. So tune in to learn some of the ins and outs of buying your first deal!
Key Takeaways:
[:11] All about today’s episode!
[3:18] So what is Grayson buying?!
[6:33] How Grayson and his partner found this deal.
[7:58] What does the transition look like after purchasing this deal?
[10:34] What Grayson learned from being an investor!
[15:30] The importance of balancing investing and operations.
[19:03] What’s next for the podcast? Topics we’ll be focusing on in future episodes.
[20:58] Opening it up to you! What would you like to hear from us next? Email us!
Mentioned in this Episode:
Performio.co
Brad@EvergreenCap.com
Grayson@StablesPartners.com
For More on The Alternative Investor, Check Out:
TheAlternativeInvestorShow.com
The Alternative Investor on iTunes — Leave us a review!
How to Hire a Broker
We Talk about a Purchase Agreement
What is a Cap Rate?
Investors Need Love Too
How to Read a K-1
Productivity Porn
How to Raise Debt for a Real Estate Project
The Three Most Important Investment Metrics
What Should Go In Your Private Equity Pitch Deck
We Talk To A Guy With An Innovative Apartment Investment Strategy
You Just Bought Real Estate, Now What? - EP.39
We Talk to a Guy Who Bought a Business with an SBA Loan - EP.38
Should You Get an MBA? - EP.37
Investing in Alternative Assets via Retirement Accounts - EP. 36
How to Buy a $2 Million Business for $200K - EP.35
To Hold or to Sell? That is the Question - EP.34
What is a Covered Land Play? - EP.33
Don't Be Fooled By EBITDA - EP. 32
What is a Search Fund? - EP.31
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