Seller Financing My FIRST Business EVER
ฝัง
- เผยแพร่เมื่อ 14 ต.ค. 2024
- You know I dominate the real estate space, but can I win in the business space? Most people DON'T understand how to run a business in an automated fashion. For the first time EVER, I will be buying a business on seller finance. In this video, I will give you guys a lesson on how I will DOUBLE a dog grooming business in 60 days. Is buying a business on creative finance easier than a house? Tune into this video to find out!
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❎ 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as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself.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 TH-cam video for entertainment purposes ONLY ❎
This is 100% accurate. Dan Pena talks about this being how 99% of businesses in America are bought and sold...hospitals and medical industry businesses, insurance companies, pretty much anything. He says instead of starting a business, just find one for sale and bring in better marketing team, management, etc and scale it
I need more videos like this! I want to buy the right business and use seller finance to do it. This is beautiful content
I’m a new subscriber and CA real estate broker. Saw you on iced coffee. I’m always looking for value in content. The only way I see value in content is when the business model supports it. So far looks like your model supports actually help people learn which is a golden nugget!
Welcome aboard!
The watch is just straight 🔥... With the content as well!
Subscribed, great video
WELCOME!
This is great awesome and will increase your business no doubt. But if you want to 10 x that business it is suggested what Dan Pena, Bruce Whipple, Jonathan Jay have done to groom millionaires and billionaires and that is to acquire more businesses. This is what major conglomerates like Amazon, Microsoft, and Google have done. Same concept as in real estate. I'm sure you know this already.
First view, first comment. Wassup Pace, thanks for the content ❤
Hey, thanks!
Pace, congratulations on the purchase of the business. Why didn't you show the cost and terms of the business? Thank you for the great channel.
Did you check the link out?
If I learn ONE thing from your TH-cam video it was worth my wild WATCHING!! Big Help...
To be honest, I feel somethings aren’t good for certain industries. Influencers and Gurus monetize information and expose industries to LARGE AMOUNTS OF PEOPLE. However, what are the cons to everybody doing the newest hottest thing..we’ve seen in the past what it does to the market…I’m personally tired of seeing Gurus creating courses for every industry to just saturate the market for a boost in likes followers and course purchases…
Not always that's easy to find people who will accept sellers finance.
Correct. Especially if seller is firm. That's when you need to learn to move on to the next.
I'm looking at purchasing a current business with stellar credit, sound clients, and a great reputation through owner financing, as you spoke of. When you were talking about the different phases, you said things that I've always believed to be the best way to do business. Having the current owner stay as a small part and making a profit among other things you spoke of is the game changer, in my opinion!
Can we open a dialog in private away from here to fine tune this potential low 7 figure purchase?
Next, I'm looking at the purchase of an international company, which will be in the 8 figure range, among other things, using the same tactics. Great Video! Thank You
UPDATED: Just finished the video. I am curious as to why he was so open meeting and discussing with you. Was there a previous talk before this? I would think he guard dropped knowing you are Pace Morby
for sure
love this and love You, Pace!
This was not about seller's financing. You just talked to a dude you already knew.
I agree, thank you Pace !
please make a hold video with all phases.100%subscribe
I wish this video was long coz it was way too nice, I was searchin thru lessons on seller financing this is the first video came up, iv gat an owner willin to sell me a francise of a meat processing company at $12,370. I cant manage to buy cash I want to negotiate with him about seller financing the business I strongly no for sure I can run it well and fully aware of the numbers and how sustainable it is. Hope he agrees on terms
Amazing content bro!
Appreciate it!
I would start with automation software which is cheaper, then bring in s virtual VA.
Wow
How do I get seller financing business or properties in Brampton, ON?
#replay- Hello from Colorado; no way subto businesses?!!
Yeah let’s see a video on that but I won’t wait for the video I’ll go try it..
I've got a business I'd be willing to sell, (ice cream shop, including retail/wholesale and events) on creative finance...but in the UK. Do any of your interested students/viewers live in the UK (Cheshire is where the business is)
You can automate ALL the booking, notifications, payments and everything that VA you want to hire would do... no person needed for that stuff.
Is there a clause that you use in seller financing a business that would protect the owner and allow them to "repo" if you don't make the payments on time (like in real estate)? If so, how late before they can take possession again? I haven't had a chance to watch the full video yet.
There is. I was reading about this on Nerd wallet. Like in real estate, it comes down to how the contract is written. This clause would make it more fair for the seller.
Why does only this channel tell me TH-cam doesn't like long videos? I watch long videos on other TH-cam channels all the time, and they don't mention any trouble.
Because they want your contact information
I have a 7 figure tire shop deal which is cash flowing 700k looking for 30% as an entrance fee estimates to 1.5MiL p.s. my first deal
I think you are completely wrong. His problems would ease with a virtual assistant but his biggest problem is that he is the artist. Like a craftsmanship working with wood, you can only produce 1 table ever so often. The biggest need you have and the biggest problem you'll always have is replicating the artist. You'll eventually need 4 to 6 groomers. Where do you find them? How do you train them? Most importantly, how do you retain them?
This is a risky venture because you aren't a groomer. If a couple of key people leave, you're in crisis because you can't step in. This will be a slow build because quality people in key positions is paramount.
I agree with you, it's like a barbershop if your Rockstar leaves your screwed. Talent generally will only leave if they're unhappy. Gotta make it worth it for them. He did mention a profit share with the groomer it could work, the mobile I feel is a bad idea, insurance more expenses up keep on the vans etc potential theft of the grooming service.. don't do mobile its not a good idea.
I think that is so great bro great video I really think you remind me a lot of myself mono e mono I'm doing that right now with my free phone would love to collaborate on you there are so many businesses and you think we think the same way praise God God bless you and your family in Jesus name thank amen John 3:16
Looking to see Jesse commenting here 😄
I'm curious as to why you said that?
Before I make my assumption on this I will review the whole video
Pace do this for laundry mats plz!!!!!!!
😁
I have a laundromat video coming out this week!
@@PaceMorby yes!!!!!🙌🏻
Hi, tried signing up for the mentorship program but it doesn’t seem to be working.
Hey Chip!🐾🐾
looking to buy a local diner that needs a ton of work seller is offering financing and 50% note but im short on that dpymt any suggestions? Do I need a broker? How do I start?
Head to the free Facebook group! There'll be a ton of people wanting to help you with this facebook.com/groups/creativefinancewithpacemorby
Is this only applicable to those who have a credit standing like you have a car and big house already to make people believe you? Anyone pls.
How's it going now?
Never better
Pace…I own 3 banquet facilities in the suburbs of Chicago. Would you like to become my partner and take my banquet business to a higher level?
Ted
Send me what you have and join us on our free community group on Facebook to chime in with our members: paceapproves.com/communityytc
🙄 Would have loved it if you weren't someone semi famous that the seller already knew, respected, and already had an emotional adulation for.
Nothing like screaming kids in exchange for my email, lol. You'll get better at production with time. Have enjoyed the content you have though.
@PaceMorby could I get ur assistance plz.
I get what this guy is trying to do, he's giving you the rundown or how he would do it, but if I'm trying to buy my first business I don't have money to just go and hire more people ,buy more Vans and turn them into mobile units, invest money in marketing, invest money in software that's going to automate the billing and the marketing and the keeping up with clients, and this is the problem that I come across with a lot of these kinds of videos it's like, hey let me show you how to buy a business when I'm already successful and have money to buy a business and upgrade it and pimp it out...