The Built vs. Bought Dilemma: Why Buying Bigger is Actually Easier
Wealthy Way
Ryan Pineda
4.9 • 2.2K Ratings
🗓️ 25 June 2026
⏱️ 16 minutes
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Summary
We dive into a live case study of a real HVAC acquisition deal under NDA, using it to compare the hard truths of bootstrapping a startup from scratch against buying existing cash flow. Learn why raising capital to buy a multi-million-dollar enterprise with built-in management systems is actually significantly less work than trying to scale a micro-business.
Transcript
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| 0:00.0 | My friend Brian here, the other Brian, has been pre, well, he's a version of you where he's done |
| 0:07.6 | education. He's never really had a W too much. But he runs. I run a barbershop too. Yeah, you didn't |
| 0:15.7 | miss out too too much, man. You didn't have a 401k? No, I never had that. I still don't have one. |
| 0:21.3 | But, you know, he's got his wholesale business that's been supporting him for many years and, you know, all that stuff. And he's pretty passive at this point in it. Yeah. He's got a good operator. But now, you know, wholesale business is never worth anything for, you know, an exit. Sure. So he's just, you know, we've had all these. It's great for cash flow. |
| 0:37.5 | That's what we tell people. |
| 0:38.4 | We're like, look, wholesale flip, you can make a ton of cash. Just it's not long-term exit, right? Same thing with education. Yeah, education's the same, right? You're probably not going to exit. Maybe you're better off keeping it. Yeah. So for Brian, uh, we've had all these recent guys on who have exited boring businesses at high levels. I mean, we're talking hundreds of millions. Yeah. They rolled it all up into the equity. Some have, some literally built one and just murdered it, right? Yeah. And we've seen roofing, pest control. What else have we seen? |
| 1:13.2 | Have you talked to Tommy Mello, garage doors? Yeah, we've had Tommy Malo. Tommy's a homey. Shout out Tommy. |
| 1:18.1 | Yep. Tommy's a one garage. Uh, pest control. Pest control, roofing. Some solar. Solar. Solar's getting |
| 1:25.5 | killed. Yeah. Um, all types of businesses. Yeah, we've heard of all types. And he's like, he's going to start one this year. And we might buy one. Yeah. Well, that's what I think we realize we should do. Further, should we have a conversation today. Yeah. Yeah. I can show you the numbers. There's pros and cons to eat. I signed an NDA, but I could show you the numbers on this deal that I'm looking at. |
| 1:45.2 | These are all hypothetical numbers. |
| 1:47.8 | This is a real business. |
| 1:50.2 | Because of the NDA. |
| 1:51.3 | Oh, because of the NDA. |
| 1:52.2 | And we thought about just doing it, honestly, for fun. |
| 1:56.5 | Maybe we'll partner on it and just buy it and see what happens. |
| 2:01.1 | Yeah. |
| 2:01.9 | See if we lose or get rich. |
| 2:04.9 | So, I mean, we're filming this in Vegas. |
| 2:07.3 | Why don't put it on black? |
| 2:11.0 | So you said there's pros and cons. |
| 2:13.1 | I have not like, so I have partnered with people who had existing businesses and for most of them |
| 2:20.6 | I haven't brought capital the table because they wanted our skill set and what we do with distribution. |
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