5 • 683 Ratings
🗓️ 5 May 2025
⏱️ 52 minutes
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0:00.0 | What's up, ladies and gentlemen, welcome back to the Action Academy podcast, Corporate America's |
0:04.8 | Least Favorite Podcast. Hey, guys, riddle me this. How much real estate do you need to buy for |
0:10.7 | $500,000 of cash flow? I don't know the answer to that. But what I do know the answer to is one |
0:17.3 | business, and that is the business that we are discussing today, $500,000 a profit, |
0:22.6 | $500,000 at STE, $2 million purchase price for one of our Action Academy members' first |
0:28.2 | business deals ever. |
0:30.6 | Today is the closing table. |
0:32.2 | Today is closing day, and we are getting our Action Academy member Drew on the show |
0:36.3 | to walk you through the deal. |
0:38.5 | Now, the first half of this episode is talking about how he found the deal and negotiated the deal, |
0:43.3 | what attracted him to the deal, how he talked to brokers, pay attention for how he interacted with the brokers. |
0:49.9 | And in the back half of the episode, we're talking about how the deal almost died, three to five different ways. |
0:56.2 | We had three different banks that he had to go through that backed out on him on the very last second. |
1:02.7 | And he was able to pull through. So you guys are going to learn every single bit of this process through today's episode. |
1:09.4 | Now, guys, if you want to be hanging out with guys like Drew, |
1:12.5 | that is in the Action Academy community. If you want to be on the podcast, talk about how you bought |
1:16.9 | a $2 million business. That is the Action Academy community. You can find us at Actionacademy.com, |
1:22.4 | or you can more easily go in the show description, the show notes of this episode, |
1:27.1 | click the link, |
1:27.6 | book a call, and we will happily talk to you for 15 to 30 minutes and see if it's a mutual |
1:32.0 | fit. Let's get to today's show. All right. Drew, we signed some documents today. Walk us through |
1:38.6 | it. How are you feeling? Walk us through your day. You woke up this morning. What'd you make |
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