et’s say you find yourself in the fortunate position to have a wonderful asset that you’ve operated for a number of years — whether it’s real estate or an operating business — and you’re ready to sell it. And now, you’re faced with the decision of how to actually sell it. Do you hire a banker or a broker? And if so, how do you go about finding a good one?
Today we’re answering both of these questions and filling you in on all of the juicy details of hiring a broker!
Key Takeaways:
[:11] About today’s episode.
[:48] Should you hire a banker or a broker? And what is the difference between the two?
[6:02] Why don’t people hire a banker or a broker?
[8:49] How much does a decent banker or broker cost?
[11:51] How to find and identify a good broker!
Mentioned in this Episode:
Broker
Lehman formula
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Grayson is Finally Buying a Company!
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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