Title | : | How to Buy a Business With No Money in 2023 |
Lasting | : | 11.37 |
Date of publication | : | |
Views | : | 597 rb |
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Check out the 5 most common business mistakes before buying a business too! contrarian-thinkingckpage/5-biz-mistakes Comment from : Codie Sanchez |
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How do you get to $212/month at 5 interest for $204k? Is the term of the loan over 100 years? I think she meant $2,120/m? Comment from : Underground Living |
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These are very valuable rules for anybody who wants to get rich Unfortunately, most people who will watch this video will not really be able to apply the principles We may not want to admit, but as Warren Buffett once said, investing is like any other profession-- it requires a certain level of expertise No surprise that some people are losing a lot of money in the bear market, while others are making hundreds of thousands in profit I just don't know how they do it I have about $89k now to put in the market Comment from : Benoit Massicotte |
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Mam I want to you please make a video in hindi Comment from : INFORMATION MAITY |
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How do I do this while also working a 9-5? Should I bring onboard someone to manage the day-to-day? How would you negotiate that? Comment from : Gabriela Cardy Rodriguez |
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Halfway through this video I was thinking, "This is what I want to do" Comment from : HWandW |
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Where do you find business to buy that are legit Comment from : Molly |
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Can you imagine some random lady just suddenly become your boss and pay 0$😂 Comment from : Mr j |
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Would you buy burguer-to-go biz in front of a university that exists since 10 years ago? I know you don't food biz but the exception makes the rule, Doesn't it? Comment from : Alejandro Vázquez Muñoz |
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WHAT? Comment from : Top Gamer |
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You are rare You are talking about real money and you are telling the truh Lots of love for you! Comment from : Martin Slavík |
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YOU,are truly awesome paisanaAnd yes Seller financing is available and a great way to acquire a Business Thank you for the videos and information Comment from : Rogelio Leon |
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Hi Codie I understand your videos are geared towards younger audience and not an old bloke like me😁 brIs there a chance u can do just a simple, straight forward video u giving advice without the tiktok editing and the tiktok music? brLike the guy from "minority mindset" No music No distracting editing Just straight forward advice You're both young, successful and inspiring brThanks for reading Cheers Comment from : freaky deaky |
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8:30 I don't understand where the $212/month comes from Comment from : Peyton Hanel |
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Is an LLC required? Comment from : edward stocker |
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Great content "boring businesses" are the future of making money and improving them with tech will help Each of these businesses has something that can not be replaced, people have to deliver at the end of the day AI isn't going to replace our nation's great trades people Comment from : FM6 |
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Subscribed!👍😉 Comment from : Dan Inigo Sana |
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I am looking into buy a business with $2m+ EBITDA This will be my first business, however, I believe that I can continue to run it if I kept the existing key personnel Is this a realistic goal or should I aim for owner operated (smaller) businesses? Comment from : Emaline Ho |
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The only part I didn’t understand was “seller pays you to buy the deal” are you saying you just paying the seller a monthly payment including the interest? That’s the part I keep getting lost on Comment from : BennyRodriguez |
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I wanna understand why equity is more important than debt Comment from : starcas media |
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So it’s not $0 down Comment from : george kukunis |
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Do they bactually/b give you the money? Or are they giving you the business and you’re paying them monthly? I suppose I don’t understand why they’d say yep, here’s my business AND my money But I can understand, here’s my business and I’ll take money monthly from you Comment from : Ashley Davis |
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Thank you Comment from : JACOB GARCIA |
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If you want to buy a business with no money, you'll need to save up and invest in a business that you're passionate about You can also look into ways to get funding from friends or family members Comment from : The Laundromat Business |
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Maybe I'm missing something in the seller finance examples, but there doesn't seem to be any mention of the actual loan service payments (principle), just the added $212 monthly for interest (the 10 down example) That 204K over 5 years would have $3400 in monthly debt service out of your 9121 monthly profit, netting you $5721 if my math is correct AM I wrong??? If you're saying the total monthly payment is 212 on 204K, that's like 80 years to pay off Comment from : CHUCK NEWMISTER |
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I am fortunate I made productive decisions about my finances that changed my life forever I’m a single mother living in Hk China, bought my second house in April and hoping to retire next year at 50 if things keep going smoothly for me🥰🥰 Comment from : Esther Thompson |
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Thanks bud for keepin us financially Educated! Regardless of how bad it gets on the economy, I still make over $13,000 every single week Comment from : Patricia James |
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If a business is profitable with good prospects , why would the owner sell it to some average shmuck??? Businesses buy promising Businesses Shmucks get scammed DUH Comment from : Brady tom |
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Can I find a good business send it your way you give me some commission for it Comment from : Ricky Perez Jr |
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Why is equity more expensive? Comment from : Raymund Ramos |
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and what is the average cost of selling a small business in America? 1 year payback or 5? Comment from : Бонислав- купец эксперт |
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I have been following your videos for quite some time know and love the content and information you give out Its a great way of giving back to the world with helping others and not being selfish as most people can be I am researching ideas of ways to generate money quickly and with low cash investment I hope someday to do this and thanks to you I am inspired I do have one question though since I am new to this Where do you find these business listings that are for sale? I am aware of Flippa which is online stores but can you give me some more recommendations Thanks for your help and support Comment from : Andre |
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Thank you Codie This is what I've been looking for without even knowing it Comment from : Don Walton |
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where do you find these businesses for sale? Comment from : ThisFoo |
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I want to understand 🙋🏼♀️🙋🏼♀️🙋🏼♀️ Comment from : Going Back to Our Roots |
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i want to understand why equity is more expenaive than debt Comment from : The Bread Burglar |
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How would this work in Canada? Comment from : Okiki Consulting & Podcast by Fiyin Obayan |
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Love your page and youtube channel brbrCan you do a video on the contract side of buying a business using seller finance What happens if you agree to 5/10yrs buy back and the something happens and the business starts losing money brbrThank you for being so inspiring x Comment from : Bristol Brutal 320 Ultra Tri |
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wwwyoutubecom/@CanadianTShirt Comment from : Victor Dodge |
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I want to understand why equity ismore expensive than debt Comment from : The Bread Burglar |
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but why are you telling us this?, if this is still a good strategy to be used in the market kinda makes me think, this maybe once have been a good strategy but now it is already publicized and hence this strategy lost its value, but still many people don't know it So the influeners are using it as a differentiator to get more views I am skeptical person Comment from : Jeetpal Singh |
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I love your content❤ you have something magical the way you think Comment from : hmed bt |
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Is this possible in other countries such as Germany? Comment from : paul aragones |
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@codiesanchezCT I love love your stuff and share it a lot there was a video you had posted about a guy that makes office productivity tools and had a lot of success This is a waste of your time but i couldnt find it and it would mean the world to me if you shared the link as a response I have built something similar and wanted to study him more closelyplease help would mean the world Comment from : MackMain |
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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 Comment from : Estela Morales |
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Greetings Codie, I'm a Nigerian looking forward to practicing SELLER FINANCING nationaly and in the US, is it possible to work remotely and still make a wealthy income out of this ? Comment from : Great Eyezik |
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Good video but you said everything besides where to find a business for sale… Comment from : Robert Greer |
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I did a google search and found that you can take a loan on behalf of someone right using their financials and it’s legal the results say that it will be in my name right? Now can I take a loan on behalf of a business to purchase the business and it will be in my name? Any expert on this? It’s got to be the best way to get in business Comment from : Simba |
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I want to understand why equity is more expensive than debt Comment from : Joshua D Cryer |
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FAKE! ABSOLUTE BULLSH*T! The 10 down is a deposit for an SBA loan (not what the owner wants upfront) The owner receives atleast 90 of the cash upfront with an SBA loan This is fake advertising Shame on you Comment from : R S |
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Zero down on a seller finance deal is very rare, 9999 of sellers want some $$ dwn Comment from : bigballz |
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I’m still lost , you can buy a business for $0 ok, but you need to have some kind of money to run it duh I’m still confused Comment from : jmercado516 |
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Why would a business owner accept $212/month instead of a full buyout? brbrAlso at $224k valuation paid back monthly at $212 it would take almost 90 YEARS brbrI must be missing something No one would take that deal Comment from : Jono Koenig |
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Love it Codie, You must be Italian or understand! Napolean Hill concept, to "Think and Grow Rich" - What I want to do is invite those with $100K or More to generate 100 Gross with a Net of 50 to 60 per month for 10 Months without moving the INITIAL INVESTMENT of $100K from the bank Imagine in your last scenario, a gain to have more than $100K that month from the Business just bought to Investment or place in a separate account to calculate and analyze the Generated History of payments LMK Comment from : Black Media IPTV |
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Love it Codie, You must be Italian or understand! Napolean Hill - What I want to do is invite those with $100K or More to generate 100 Gross with a Net of 50 to 60 per month for 10 Months without moving the INITIAL INVESTMENT of $100K from the bank Imagine in your last scenario, a gain to have more than $100K that month from the Business just bought to Investment or place in a separate account to calculate and analyze the Generated History of payments LMK -brbrWhat do you have to lose but failing to contact me - brbrPS> I personally have several businesses that are selling - presently I am studying the numbers - You Negotiated Objective is exactly what I was thinking of - In Fact this is how I buy Houses with No Money Down - Comment from : Black Media IPTV |
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Ok it “sounds good” but how about the capital to hire employees ext? Comment from : Leonardo I Candelario Jr |
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Hilarious Carlyle and KKR only go after $1 Billion + businesses They are not going after $200,000 EBITDA businesses Comment from : AC H189 |
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Having a good reputation and history must help a TON with making deals like this Just hearing this method is super inspiring! Thank you!! Comment from : Just a Nerd working towards World Peace |
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Codie, you are the best! Only real deal on social media Comment from : Mammad Yusubov |
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Hey Codie, great stuff, love your energy❤ you briefly talked about using an annuity for the downpayment, how does that actually work? Comment from : AI Healthy Life |
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This does work, I’ve actually seen my partner do this many times (both buying and selling), and he doesn’t watch these videos nor am I affiliated with Codie Sanchez or anything Just sayin, this does work, and I’m just a nerd so it was mind blowing to see my partner do so many fewer hours for tons more $ than me, and I do make a good living as a data scientist/ computer scientist / land baroness Comment from : Elsa Velazquez |
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What approach do you recommend for buying a business in Europe? Comment from : Matic Šulc |
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Codie is amazing🎉 Comment from : Hoàng Lê Anh Tú |
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wait !! bron 8:18 you are saying you're paying the owner $212 (monthly) for loan of $204,000 on 5 how long will it take to for the owner to get back his money !!brSomething doesn't make sense Comment from : Mo Khadra |
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wow ,,, Comment from : Jey a |
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Love your channel Codie! Thanks for all the great advice Went to business school and never heard about seller financing! 😍 Comment from : Milica |
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Shepherd's Chapel Network !!!!!!! Do you know where America is mentioned in the Bible ??????? Shepherd's Chapel Network !!!!!!! Comment from : Tabatha Staples |
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Hi Codie! Do you by chanceteach this? I would really love to learn step by step how to do this from you! Comment from : Carlos Porras |
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I wanna understand why equity is more expensive than debt :) Comment from : WOKE-NINJA |
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If we fail in a year, we loose less than USD50K, if we win, we get USD12M a year from each state (roughly) using the state of Georgia Comment from : Alfonso Lupiaco |
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It needs to be developed Comment from : Alfonso Lupiaco |
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The business doesnt need to be bought Comment from : Alfonso Lupiaco |
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Hi, I am a Zimbabwean, been working with quirky shoplifty guys Good people Awesome people But not too technical I still love them I have done several quick websites for the, closed in less than 60 days when they couldn't wait for the Ad start date to conversion to profit date Profitable businesses, but yes - less preparedness Just saying, its been over 5 years, I have learnt of another business model which I can share with current partners because of business kill rate I believe with enough patience and resources, that one can be the next legit million dollar amazon in 2-4 years, breaking even in 1 year or less But needs ongoing financing, not too much, maybe less than USD3000 a month till break even target is met I am wiling to surrender 42 or more of the idea, that can potentially bring USD $2m revenue each month each state, across the USA across all 48 contiguous states Its hard work, but its doable Ping me if interested in more detail No Loan No need No buy out Just a contribution to get it launched owning a significant chunk Comment from : Alfonso Lupiaco |
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very generic video, no details on how to actually do things, were to find these companies, how to manage them without being burned out those are the reals challenges this is typicall youtube blablabl heres how to get rich blabla without saying anything concrete Comment from : Elie G |
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You are a genius! This is invaluable information Thank you!! Comment from : Alexandra Fasulo |
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Why is equity more expensive than debt? Comment from : Atkin17 |
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Where do I find small businesses to buy apart from reaching the owners directly or trough circle? Comment from : gargeya belial |
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Sounds good if u talk fast Is the business going to run itself Comment from : Brinda Cockburn |
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I find one of the biggest cons for borrowing from friends/family is what if the business fails? I've seen people lose other people's money in business and lucky for them they don't have a conscience I think it would eat at me Comment from : E Jo |
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What website you use to find the boring businesses that are willing to do seller financing?? Comment from : Nicholas Harwood |
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Do you think a butcher shop is a boring business I know a lot of them are going out of business I know older gentleman that does little to know marketing and the shop is on private land that he owns He would like to retire soon Or take a step back from day to day operations Can you help us ? Comment from : Rolando Crenshaw |
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Do you have any videos on what the actual contracting looks like? Say I found a business and is able to negotiate a deal What next? Do I need to hire a lawyer to draw up the contract? Comment from : kai xu |
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I’m so fucking grateful I found this video!! 😅🙏🏽💜⚡️ looking to franchise! Comment from : Fitness Mystic By Ivy Ledon |
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She should be in advertising or sales because she's selling is bull Comment from : Yolanda Hebert |
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I have the opportunity to buy into a successful cafe, but it is a new location with a new 'theme' They are looking for $200k down, for the build out in which $150k is returned after opening I don't have this financing personally What route would you take if seller financing is not an option? Comment from : Scott Reyman |
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Do you think seller financing would work if the buyer is taking over their first business ever? Comment from : Dominique Wallace |
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Yeah like a business owner never heard of a seller finance deal and you the Newby is gonna explain it to get the deal 😂 Great advice Comment from : Chad Oien |
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Hi CodiebrI want to understand why Equity is more expensive than debt Comment from : Vanou |
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YES ESPECIALLY BRILLIANT, i have step foot out the door and emailed two sellers who want to sell a company and i will be using this strategy, now lets see what happens and it will take time but patience is always awarded for those who wait Comment from : Nebulagaze |
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I wish I had found you 10 yrs ago, its very practical and achievable, all the best Codie! Comment from : Andrew Paladeniya |
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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 Comment from : Punish Studios |
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What website did you use in this video to show businesses for sale? Comment from : Shane Brewer |
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How do we find these businesses Comment from : Liberty Project |
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I'm quite excited to try this method, so for the last few hours I have been researching where to find businesses to buy in the uk Comment from : Stangoman |
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How do you run the business once you buy it? Comment from : Nikko Enriquez |
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