Seller Financing a Business Step by Step | Subto Breakout
Wholesale Hotline | Brent Daniels
Wholesale Hotline
4.9 • 586 Ratings
🗓️ 14 April 2023
⏱️ 13 minutes
🧾️ Download transcript
Summary
On today's Wholesale Hotline Podcast (Subto Edition), Pace Morby leaves the real estate world and get into...dog grooming. Pace is buying his first business and is bringing us along for the ride. Watch the power of seller financing in action as Pace shows you step by step how he's acquiring a business.
Show notes -- in this episode we'll cover:
- Why buying a business with seller financing might be easier than real estate.
- Listen as Pace has an intro conversation with the seller.
- Full meeting here: https://pacejmorby.com/buyingabusiness
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☎️ Welcome to Wholesale Hotline & Subto Breakout✌️✌️! ☎️
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🗝🗝 FREEBIES 🗝🗝
📑 FREE assignment contract: https://www.pacejmorby.com/assignment...
📑 FREE wholesale contract: https://www.pacejmorby.com/wholesalec...
📑 FREE cold calling script: https://www.pacejmorby.com/coldcalling
📑 FREE cold texting script: https://www.pacejmorby.com/text
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📑 FREE disposition checklist: https://www.pacejmorby.com/dispo
📑 FREE comping cheat sheet: https://www.pacejmorby.com/comping
📑 FREE guide to pulling a water list: https://www.pacejmorby.com/water
📑 FREE guide for taking photos on appointments: https://www.pacejmorby.com/photos
📑 FREE seller lead form for talking to sellers: https://www.pacejmorby.com/seller
📑 FREE access to my upcoming ebook: https://www.pacejmorby.com/exitstrate...
📑 FREE profit and loss template: https://www.pacejmorby.com/profitloss
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👽✌️ Learn from Pace and Cody 👽✌️
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🔹Join our free dope creative finance Facebook group: https://shor.by/8vxk
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⚠️ #CreativeFinance #Investing #Wealth #RealEstateInvesting #Wholesaling #SubjectTo ⚠️
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🚧🚧🚧 DISCLAIMER 🚧🚧🚧
❎ I am not a CPA, attorney, insurance, contractor, lender, or financial advisor. The content in these videos shall not be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself. This is a Podcast for entertainment purposes ONLY ❎
Transcript
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| 0:00.0 | You're listening to the Sub 2 Breakhouse with Pace More Beyond the Wholesale Hotline Podcast. |
| 0:13.0 | Hey guys, welcome today. We're going to be giving you an inside look on me buying a dog grooming business. |
| 0:20.1 | But the most important thing I want you to know is |
| 0:21.8 | that we condense this into like maybe it's what how long is it 20 minutes 12 |
| 0:25.5 | minutes 20 minutes okay it's a 20 minute meeting but the reality is the full |
| 0:30.0 | meeting on YouTube is in the description down below go click that now you guys |
| 0:34.1 | know I can I can dominate in the real estate space, but can I win in the business space? |
| 0:39.1 | So I had Cody Sanchez, shout out Cody Sanchez, a new friend of ours. |
| 0:43.2 | She was on a recent episode of Wholesale Hotline. |
| 0:45.2 | If you guys want to watch that episode, it's down below. |
| 0:47.5 | And Cody talked about how she argues buying a business with creative finance is actually |
| 0:52.4 | easier and preferred for her than buying |
| 0:55.6 | real estate with creative finance. So today I got a text message. Somebody else watched that |
| 1:00.0 | episode with Cody Sanchez, gentleman named Jesse, and has a business that I actually think |
| 1:05.2 | is a really, really great business. What do you think it is off the top of your head? What do you think |
| 1:09.5 | it is? You never guess. |
| 1:11.4 | Car wash. Ooh, it's close. It's a dog grooming company, which I think every dog grooming |
| 1:17.5 | company could be updated to a subscription model, add a couple of trucks to go out and do mobile grooming. |
| 1:24.9 | We'd freaking clean up. All right, let's call Jesse. Let's see what this looks like. This is my first phone call, seller financing a business ever. Hello. Hey Jesse, how you doing, brother? I'm doing well. How are you doing? I'm really good, man. Sell me your business. Well, hey, I, first off, thank you so much for not only calling me, but all the information you put out there is mind-blowing and changing people's lives. |
| 1:50.4 | And I, if nothing else, I just want to thank you for that. |
| 1:52.5 | Thank you, brother. |
| 1:53.2 | We spent, we just calculated this the other day. |
... |
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