#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
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
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.
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.
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