Thank you for sharing your knowledge. The fractional acquisitions video was also fantastic! I am almost finished your book which I am going thru with a fine tooth comb, what a wealth of knowledge! I am excited about the great things I am going to do with all this juicy information you have provided. Thank you...
@@BuyThenBuild I don't think I am and I have been unsuccessful finding it. Is there a link on your website? I am only 49% tech savvy and I often do not see what's right on front of me, so.......... :)
Hi Walker, love the videos! I have question how would you go about getting your first business, if you didn't have any cash to invest, and most likely won't be able to raise capital since there is no credibility yet? TIA
Hi Bekchik. No shortcut there. Get out and work hard and save, save, save until you have $100k - $200k. Live on noodles, keep expenses low, eliminate or manage debt as much as possible. During this time you will also put your drive to work and get experience in the world making money with your skills. We either have time, money, knowledge or a combo of the three to contribute in exchange for cash. Get after it. Start a business if you like, or just go work for companies that will dependably pay you. Educate your self on their infrastructure.
I don't understand this video's premise. Assuming the goal is $280K a year in "passive income", can't someone just use an SBA loan to acquire a business with an EBITDA that would reach that amount (with additional room to spare for safety) with MUCH less than the initial $900K cited by Deibel (that would also need to also need to multiply by 3-4x)? In this case, a $200K down payment for a cash flowing business should reach that amount. While this might be more semi-passive than passive (a higher downpayment of say $300,000 could more safely be "passive" due to bigger size of business), the point is you don't need $900K to start out - in fact you can do with much less with an SBA loan and not even have grow the business - just maintain it with steady EBITDA. Where did the $900K come from?
Hi Michyan, First, thanks for watching and for your comment! I will share that after acquiring 10 companies outright--almost all with SBA loans (obviously you can read all about it in Buy Then Build), my take on it is there is nothing passive about business ownership, especially when you take on a 10-year, personally guaranteed loan. If we are talking about just income--or active income, yes, what you are describing is what I'm known for teaching. This video is expansive off of that foundational BTB concept. Instead, this video speaks to my Pizza by the Slice strategy. It's a lower cash on cash return, but completely passive. Hope this helps!
@@BuyThenBuild Hi Walker, thanks for the response! I understand now that the video is focused more on passive income and your "Pizza by the Slice" strategy rather than active business ownership. I appreciate the clarification, and it makes more sense in that context. I agree that business ownership, especially with SBA loans, is more active and not truly passive. Thanks again for taking the time to explain!
Your book is incredible. I love your content, please keep on sharing your knowledge.
Thanks so much, Tony!
Thank you for sharing your knowledge. The fractional acquisitions video was also fantastic! I am almost finished your book which I am going thru with a fine tooth comb, what a wealth of knowledge! I am excited about the great things I am going to do with all this juicy information you have provided. Thank you...
Santina! Thank you for your kind words. Let's go! Are you on my email list? We drop about 2,000+ word article every Sunday.
@@BuyThenBuild I don't think I am and I have been unsuccessful finding it. Is there a link on your website? I am only 49% tech savvy and I often do not see what's right on front of me, so.......... :)
Hi Walker, love the videos! I have question how would you go about getting your first business, if you didn't have any cash to invest, and most likely won't be able to raise capital since there is no credibility yet?
TIA
Hi Bekchik. No shortcut there. Get out and work hard and save, save, save until you have $100k - $200k. Live on noodles, keep expenses low, eliminate or manage debt as much as possible. During this time you will also put your drive to work and get experience in the world making money with your skills. We either have time, money, knowledge or a combo of the three to contribute in exchange for cash. Get after it. Start a business if you like, or just go work for companies that will dependably pay you. Educate your self on their infrastructure.
@@BuyThenBuild thanks Walker!
I don't understand this video's premise. Assuming the goal is $280K a year in "passive income", can't someone just use an SBA loan to acquire a business with an EBITDA that would reach that amount (with additional room to spare for safety) with MUCH less than the initial $900K cited by Deibel (that would also need to also need to multiply by 3-4x)? In this case, a $200K down payment for a cash flowing business should reach that amount.
While this might be more semi-passive than passive (a higher downpayment of say $300,000 could more safely be "passive" due to bigger size of business), the point is you don't need $900K to start out - in fact you can do with much less with an SBA loan and not even have grow the business - just maintain it with steady EBITDA. Where did the $900K come from?
Hi Michyan, First, thanks for watching and for your comment! I will share that after acquiring 10 companies outright--almost all with SBA loans (obviously you can read all about it in Buy Then Build), my take on it is there is nothing passive about business ownership, especially when you take on a 10-year, personally guaranteed loan. If we are talking about just income--or active income, yes, what you are describing is what I'm known for teaching. This video is expansive off of that foundational BTB concept. Instead, this video speaks to my Pizza by the Slice strategy. It's a lower cash on cash return, but completely passive. Hope this helps!
@@BuyThenBuild Hi Walker, thanks for the response! I understand now that the video is focused more on passive income and your "Pizza by the Slice" strategy rather than active business ownership. I appreciate the clarification, and it makes more sense in that context. I agree that business ownership, especially with SBA loans, is more active and not truly passive. Thanks again for taking the time to explain!