Hey, dealmakers, and welcome to the show where it's all about financial freedom with real estate.

Let's do this.

Today, it's just me, no guests, because I'm going to walk you through why we're starting to buy boring, real world operating businesses as a complement to multifamily, and what

that means for you as an investor. So I'm going to talk about what business acquisitions actually

are in practice, not just in theory, and then why we're looking at businesses like HVAC, plumbing,

roofing, and other unsexy, boring service businesses, and how this fits next to multifamily, multifamily real estate equity, possibly real estate debt

and stocks in an asset allocation?

How does private equity business acquisitions fit into someone's asset allocation?

And then the three simple bucket framework I used to judge any business on whether it's worth

buying, what kind of business we're looking for, what are buy boxes, how we would structure

that, the upside, of course, but also the risks and why I'm being very conservative with

debt on something like this, and how this could give you another income stream without you

being the operator.

So just something that we're

starting to look into, and I share with us here in this episode, let's get right into it.

All right, we're going to talk all about business acquisitions here on this call here because

there's a number of people that have gotten into space. Now, this has been around for a very long

time in private equity space. People have been buying private equity for decades.

Typically, though, these deals are happening at a much higher level, $7,500, $150 million.

And if a normal investor accredited or otherwise wanted to invest one of these, you would

have to be accredited and you'd have to have a financial advisor who has the inside track on

these non-publicly traded

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