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#190April 28, 20211:02:05

#176 with Codie Sanchez - Buying Distressed Assets, Real Estate …

About This Episode

Shaan Puri and Sam Parr interview Codie Sanchez about her journey from journalism to private equity and her focus on 'boring' small business acquisitions. They discuss specific strategies for micro-PE, the economics of modular homes, and how to acquire distressed assets without upfront capital.

Episode Description

Codie Sanchez (@Codie_Sanchez) joins Shaan (@ShaanVP) and Sam (@TheSamParr) for this brainstorm. Codie is all about businesses that cashflowing right away. She talks everything from buying distressed businesses to modular homes to buying real estate for pennies on the dollar. She doesn't shy away from controversial thoughts either: she lays out why angel investing is dumb and why public stock investing is as well. We end the episode with some great stories on "how to collect people" (basically network like a champ) and what financial freedom really means. --------- * Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/ * Support the pod by spreading the word, become a referrer here: https://refer.fm/million * Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas. ---------

Show Notes

  • * (0:38) The guys recap the Balaji podcast
  • * (5:08) Codie explains what she does and how she got there
  • * (15:03) Owning mailing centers & pack and ships
  • * (21:12) Buying distressed assets for $0
  • * (23:54) The big ROI on tiny homes
  • * (28:44) Codie's controversial thoughts
  • * (37:16) Buying RE at auction
  • * (43:01) How to collect cool people
  • * (54:15) How Shaan and Codie view financial freedom

Key Takeaways

1

The 'Buy vs. Build' strategy is an underrated path to financial freedom, where investors can purchase cash-flowing 'boring' businesses from retiring boomers at reasonable multiples.

2

Investors can acquire distressed assets for zero dollars by offering a revenue-share agreement to owners of closing businesses in exchange for migrating their customer lists.

3

True financial freedom is reached when internal attachments to money are severed, allowing decisions to be based on purpose rather than financial necessity.

Business Ideas Mentioned

Independent Pack and Ship Centers

Boring Business

Distressed Asset Customer List Roll-ups

Acquisitions

Modular Tiny Home Hotel Developments

Real Estate

Real Estate Auction Tech Platform

Marketplace

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Quick Stats

Duration1:02:05
Guests1
Ideas Discussed4
Topics5