This is primarily a real estate show. But we also cover topics related to entrepreneurship, small business, and living a rich full life. One of our recent topics was “Multiple Income Streams.” I talked then about creating multiple streams of income from real estate, but today we are expanding that a bit into the buying and selling of businesses. I think what you’ll see in the next little while is a remarkable similarity between flipping properties and what is essentially the practice of flipping businesses. I’m joined today by Carl Allen who has made a career of this. And he’s going to talk to us about how, when, why, and where to get started. I’m going to be frank with you now - there are occasions on this show when I’ve finished an interview I call my wife and tell her, “this conversation was life-changing.” It doesn’t happen often, but today’s interview is one of those.
Carl Allen has worked on more than 330 transactions worth close to $48 billion. Over his 30-year career he has analyzed thousands of businesses big and small in 17 different countries across nearly every business sector, including technology, pharmaceuticals, transport and logistics, engineering, manufacturing, aerospace, consumer goods and services, business services, retail, professional services, finance, packaging, and corporate clothing.
Carl first earned his reputation during his 16 years on Wall Street working for Bank of America, Hewlett-Packard, Forrester, and Gartner. There he advised some of the world’s largest corporations on investments, mergers, acquisitions, disposals, and restructuring... and helped hundreds of business owners raise both equity and debt financing.
Until he almost missed the birth of his second son…
That’s when Carl quit the rat race and began brokering (and eventually buying) businesses for himself. Today he is considered one of the world’s premier experts on buying and financing small business acquisitions. He’s helping thousands of entrepreneurs all over the world buy existing, profitable small businesses that will immediately put money in their pockets. And best of all — he teaches them how to do this without using a dime of their own capital!
Visit www.dealmakerwealthsociety.com for more product information and Carl’s blog, Confessions of a Dealmaker.
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Announcements:
- The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.com.
- Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think.
- FlipCalcs allows you to enter one data set about a property and consider up to six deal possibilities .
- “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart.
Topic: Buying and Selling Businesses, Carl Allen News
- The ONE factor driving home prices up - lack of inventory. https://www.realtor.com/research/june-2020-data/
- I have been predicting a nationally averaged INCREASE of 2.8% in home prices for 2020. Here’s where we are at the mid-point. Can I just say I told you so? https://www.redfin.com/us-housing-market
Questions
- Zach, Phoenix, AZ, “I’m looking at a couple of offers to re-fi an investment property. One is at 3 points and 8.5% on a 5/1 arm interest only. Payment 1289.17. The other is a 2 year 3pt 11.5% loan interest only. Payment $1,423.13. It seems obvious which is better, but the cheaper loan is loaded up with fees - almost $3000 in extra fees.
- Deborah, Sarasota, FL “I moved here 18 months ago and left my home and my husband's former home in GA as rentals. We thought we were making a smart financial move, but right now, not so sure. We’ve had trouble with the tenants in both houses and it’s a long drive to go to Atlanta for eviction court. Both houses are paid for so the extra money is nice, but we are not sure it’s worth the hassle. What suggestions do you have?”
- William, Atlanta, GA “I heard you talking about the returns on the inexpensive houses in the BOR plan and you were talking about 30-40%. When I calculated I came up with 70-80%. I’m going to assume I’m the one that’s wrong, but where did I go wrong? House is 9,000, the payment is 500. That comes to 67% in my calculator. Are you underselling?
- Rowena, Pittsburgh, PA, “How do you rehab houses around the country?”
- Antwoin, Long Beach, CA “How do I build a buyers’ list?”
- Ellen, Athens TN, “I want to get into this so much. I’ve seen it on TV, now I’ve found your show. But I'm in the middle of nowhere. Is this even possible for me?
Motivational Thoughts for the day “Wise are those who learn that the bottom line doesn’t always have to be their top priority.” William Arthur Ward
