@kareemmiller8176
100% agree with this! I bought a mid tier lawn company with seller financing and paid it off in 3 years with no interest and the business had plenty of profit to live on and build a savings. Prior to that, I built and sold a pressure washing business, I wish I bought a business earlier, would of save me time, money, and sanity
@mrbabyhugh
6:27 seller financing mainly doesn't work out if the seller just wants cash right away. however, many are ok with it because, they really love the business, they want the cashflow but for various reasons they can't operate it themselves anymore. this is with much older businesses. all you really have to do with them, is convince them you love the business pretty much as much as they do, you will grow it and they will receive good compensation whether monthly, quarterly or whatever.
@martinslavik916
You are rare. You are talking about real money and you are telling the truh. Lots of love for you!
@Michael-vc2cs
I'm in real estate so seller financing is something I'm very familiar with. It's a very tough negotiation in the real estate world because people need the money to buy another house usually. However, when I tell my friends about my searching for businesses to buy with no money instead of looking for a job to pay my bills they look at me cross eyed. This is brilliantly explained and it is something the banks and financial institutions will never publish because they want to hold the keys to wealth. Thanks Codie!
@Hannahbenowitz
Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
@GolfLabSimulator
Solid content. The next issue that isn't really addressed is how to find an operator from day one. Most of the businesses I have come across are owner operated. So if the owner is leaving, I can't run an HVAC or plumbing business. So, I would love a series (or even paid course if you must) on that. I feel like actually buying the business is not the hard part. It's figuring out how to run a business as a CEO, not operator, that is holding people back. That's the competitive advantage P.E. has over the 'little guy'.
@johnnypunish
I sold an online job board biz for mid 6 figures. Buyer asked for seller financing over 3 years. Success for both parties. A great deal for all.
@bizbuyingbrit
00:00 Buy businesses to achieve financial success 01:35 Owning a profitable small business is less risky than a startup 03:11 Buying a business with little money is possible 04:34 The government will pay you to buy a business, but it comes with debt and risks. 06:04 Zero cash deals can be a great way to buy small businesses. 07:29 Seller financing can be a profitable option for small business owners. 08:56 Acquiring a business with zero down payment through seller financing 10:15 Learn how to negotiate seller financing to buy profitable businesses
@reprogrammingable
I have been thinking about buying a business since 2019 and it was put on hold because of the pandemic, now that i am unemployed it feels alive inside me again. thank you for the info. here i go !
@truthdrone7066
If you were here in person I would give you a big hug. Been trying to buy a business for a long time. Everything you said is exactly what I have been trying to do. I ran into the problem of not having the downpayment, but you addressed that. It is worth a shot to throw a letter of intent at a business if I like it. Thank you so much!!!
@90sRadDad
As someone who digests hundreds and hundreds of hours of financial education through YouTube you are really good. Why were you not suggested earlier!? Thanks for the free education!
@MargaretOlivia2u
Investments are the roots of financial security; the deeper they grow, the stronger your future will be."
@Tyler-lt4xh
Having made offers on hundreds of deals.. sellers do NOT just say “hmm okay yeah sure have it for nothing down just pay me” they all want some sort of lump some. Always. Also, whether she thinks this or not, you can’t just go buy a plumbing or service business and think it will bring you money even if it did in the past. YOU NOW RUN IT. You better know plumbing. Literally nobody, and I mean nobody, owns a business and knows nothing about it. Just gurus making stuff up.
@ChrisMoSpeaks
hahaha before Codie blew up.. I landed buying my first business using seller finance. It was crazy to think it actually worked. Love Seller Financing!! I wanna do it again hahaha
@estelamorales4979
The SBA does not make or grant loans and it is not free money. The SBA can guarantee the client as a good risk and they partner with lending institutions. They don't give out free money.
@nicoferaud
9:36 *raises hand Prof, it seems the loan pmt is off or Im missing something from the financing terms. $212 monthly would mean we payout the balance in 80 years without any interest. ❤ Monthly pmt would be $1095 if we amortize over 30 yrs at 5% interest. $8200 monthly net to buyer $2163/month if we amortize over 10 yrs at 5% $7170 monthly net to buyer $3850/month if we amortize over 5 years at 5% $5483 /month net to buyer (Still over a 300% return on your cash invested with this option 👌)
@olgageorgsen9654
With markets tumbling, inflation soaring, the Fed imposing large interest-rate hike, while treasury yields are rising rapidly—which means more red ink for portfolios this quarter. How can I profit from the current volatile market, I'm still at a crossroads deciding if to liquidate my $125k bond/stock portfolio
@ferraghini9536
Who’s watching this in 2025 ?
@bullettme
Codie, something is off at min 8:25 In order to get the remaining 204K in 212 $ a month, the seller would have to wait 962 months, which is 80 years. I doubt anyone who would wait that long. Please explain and help us understand.
@mikewright2965