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What do you think about zero money down deals?

I have been wondering about the Silver Tsunami.

Wow, Thank you!

Finally a realistic video on these topics. Im so tired of hearing influencers and " gurus" talk anout these topics. Its a breath of fresh air hearing david speak some truth

What age is best? Such thing as too young?

I’m looking at a small phone repair shop that has been doing business for 12 years now. Trying to buy from someone who’s about to retire. 210 cash flow and 160 ebitda. The guy wants 100 for it with 40% seller finance

For anyone watching this who is doing their own books with a program like quickbooks, expenses that you know you can explain to a potential buyer try and put those into a bucket that's not obvious but you can track. Like let's say you justify your IRS right off of your Netflix subscription because it has access to business documentaries and you're legally able to write that off because you have to pay the subscription to have access to the information. Book and magazine subscriptions work the same way under the irs. So you pay that $20 plus every month and any other sort of incidental expenses that could go away when you no longer own the business. Example, you have a utilities category for all of your internet, electricity or Garbage service you're paying. If they took over the business they likely would continue paying those things. If you sell the business and your Netflix subscription, some expensive insurance plan because you have a DUI would go away, so those are add backs to the final number. If you have enough incidental expenses that would be erased by your departure you can try and organize those so when you run a report you can see every year how much that is

31:45 what do you huys call a financial buyer?? 😂😂 Autistic??

Are YOU the next former business owner? 😃 I can help: bit.ly/45ZAHEg

Looking to sell your North Carolina business? Get in touch with me! neal@vrbiztriangle.com

Great interview! as a Broker I deal with the students of these so called "gurus " and young kids mascaraing as "search funds" and its annoying. I have attended some of these buying business events such as Jeremy Harbour - Harbour Club, Roland Frasier. IF they were actually doing the deals they insist they are they wouldn't be teaching it Because the money they would make residual as an owner , would dewarf their earnings as a teacher. I can spot them a mile away at this point but its hard to reel them in on reality. I represent Sellers 95% with revenues of $3-$75M. I have spent a lot of time around guys like Ed Pendarvis, Greg Kells, Len Krick. Love the industry and lots of change coming. Keep up the great work.

If people do not have the education and knowledge to do your due diligence by reviewing the company financial, operations, etc. then all I can say there is a market for scammers and the unethical behavior to explore. This will not go anywhere because many people are lazy and expect easy and fast money.

Idk if I agree with what David's definition of a "good seller". His definition of a good seller is basically finding the PERFECT circumstance. It's like finding a used car that has one owner, extremely low miles with all the maintenance records. Most business owners want to sell their businesses with NO STRINGS attatched hence why theyre selling it. The point is to get rid of the stress. If the person buying it doesn't know how to run the company i DEFINITELY DO NOT want to have to stick around to show him how. What if he doesn't listen? What if he can't learn? Thats arguably MORE STRESS than keeping it. Who knows if the guy buying it is in over his head. The majority of owning a business is having a high stress tolerance. Most men dont have that. I dont want to end up the guys shrink. If I have to stick around and help run it, might as well keep it myself for the cashflow. I do agree that David would be a great broker though since his bar is really high. HOWEVER it could also hurt you since the majority of the high returns come with equally high risk. The returns are in the risk. So as a buyer if you eliminate risk all together you're left with a mediocre return (most likely). I'd like to find a seller that IS NOT running his company to its fullest potential so I can value add. I wouldn't want any ties to him. What if he sees what "could've been" after you fix it. Then he becomes your competitor or even worse tries to sabotage the deal?

What's funny is people buying a business don't realize how easy it is to launch a website and just start a business selling stuff using paid ads for like 500 bucks

What are your thoughts on the 'gurus' business buying programs?

Im looking at a business and im feeling like its a great opportunity. But i also think i could save up more first via stocks. Nervy time

You don't need a license to sell a business anywhere as long as it's an asset sale.

Get a complimentary valuation of your business: bit.ly/45ZAHEg

I am looking into this space thanks for taking the time to record this video.

A sober conversation about business buying?! I don’t believe it.

Heather from Aquisition Anonymous - what an awesome guest! Also, Great conversation 👌🏾

Such great info!

Halfway between 1 and 3 is 2 not 1.5 nor 2.5 😅 ! Thanks for the infos

Huh recession has passed oh maybe my old land lord should know that paying 550 a week for a two bed house sure feels like recession

No such thing as an ex marine! He’s a Marine. Semper Fi!

Shockingly amazing and simplified SBA LENDING. Keep rolling Neal and Ray.

Where is the download link?

Great story...In Raleigh I have seen lots of business owners not get their leases renewed and the properties sit idle for years. To me this is an injustice, in that usuable space in the commercial district is not providing services to the public and there is lost local tax revenue.

Great story, Neal! Thanks for he video!

Who should I interview next?

What is PPP loans?

Hi Neal. Thanks for this video. Very informative. I’m new in this field. How do I generate quality leads of people who want to sell or buy a business. Thanks

Hi Neal. Thanks for this video. Very informative. I’m new in this field. How do I generate quality leads of people who want to sell or buy a business. Thanks

Hi Neal. Thanks for this video. Very informative. I’m new in this field. How do I generate quality leads of people who want to sell or buy a business. Thanks

Hi Neal … Thank you for the Video … Asset Allocation is always something that should be done before the Closing. I agree is not a good idea to push the can down the road.

People need this info thank you!

You are right. I am a Business Broker in New Zealand and we face much the same things with Owners. Human nature is the same the world over.

Thanks man. Even though I’m so young, do you think me being so young and not having much a good experience in accounting or anything is bad?

Join the rest of us 🎉

Hello sir. I’m a 22 year old trying to get into business brokering in the future, what are things you think I should do t be successful in this industry?

Soooo true!

Do you offer one on one coaching? What's the cost?

My business build in more 32yrs

Hi Raleigh, I have questions ,the buyer want to buy my business name only ,when I closing out store ,can I sale it ,how much value ? Thank you

Great Video Neal !!!

Hi Neal - love the info! How much can one expect to make in this industry, assuming theyre competent and intelligent.

Great Video Neal !!! I have followed David since his first You Tube Video

Hi Neal, this was a really good conversation.