"I'm not afraid to talk about my methods because in a room of three thousand people only about 2 or 3 will even try. Maybe one will be successful. Everyone else will continue to go to seminars and read success stories. That's not work, that's not development, that's escapism. You keep reading so you won't have to act. You don't want to act because you're afraid to fail, but if your list of failures is shorter than your list of successes, with only a few exceptions, it's probably because you set your goals too low. Aiming high and missing is a hell of a lot better than aiming low and hitting." That's 50/50 GaryVee/DanPena lol I listen to Dan Pena, GaryVee, Joe Rogan, and Grant Cardone. I listen to them because they are men of action, and men I aspire to be. I hope one day I may have learned from as many failures as they have.
@@donaldmorckel1684 deal didn't work out, but honestly I went in half cocked. I'll do it again soon. For now I'm learning about investments and sales 🤓👍 I post about it along with some other stuff on IG under the same name.
@@fanmad-hg4nf my first deal that was under LOI fell through a couple weeks ago :( did you try to raise equity at all or did you try to go the seller financing and commercial bank route?
I think it's incredible that these men who are billionaires Trillionaires 12 zeros just learned today are using their time to teach. Thank you Dan grateful to hear from you regarding investments and money. ❤
How to profit from a refinance? Isn’t it just a bigger loan that I have to pay? So I do have to sell the company. Who do I ensure the company makes profit?
You refinance when your debt service/free cashflow rate is high (more than 2x) and take it to pay yourself and board members You do the same after you do a deal and get a working capital loan but you also pay the lawyers and accountants with it if this is your first or second deal (you made them agree to rolled fees)
Just like Dan said. I began calling banks. These people where thrilled to hear my ideas. I will keep trying!
It's almost unbelievable that a video like this is on the internet for free.
I can’t believe this only has 1200 views and 2 comments. I’m 20 years in the banking business and I can tell you this info is priceless.
Dominick Santiago Real Estate Services What are the specific points he makes that hit home with you in your day to day profession ?
"I'm not afraid to talk about my methods because in a room of three thousand people only about 2 or 3 will even try. Maybe one will be successful. Everyone else will continue to go to seminars and read success stories. That's not work, that's not development, that's escapism. You keep reading so you won't have to act. You don't want to act because you're afraid to fail, but if your list of failures is shorter than your list of successes, with only a few exceptions, it's probably because you set your goals too low. Aiming high and missing is a hell of a lot better than aiming low and hitting."
That's 50/50 GaryVee/DanPena lol
I listen to
Dan Pena, GaryVee, Joe Rogan, and Grant Cardone.
I listen to them because they are men of action, and men I aspire to be. I hope one day I may have learned from as many failures as they have.
I watched it more than 10 times and it helped me to get 20K euro from the bank just like that.
I just got it recommended to me. To answer your question, there are certain informations destined for a few, not for the many.
beautifully stated
I'm about to start my first deal. This man changes lives.
how do you 100% owner finance & then Refinance?
@@alexleszczynski2611 that's not what I'm interested in. I like acquisitions and procurements.
Hope it's going well
@@donaldmorckel1684 deal didn't work out, but honestly I went in half cocked. I'll do it again soon. For now I'm learning about investments and sales 🤓👍 I post about it along with some other stuff on IG under the same name.
@@fanmad-hg4nf my first deal that was under LOI fell through a couple weeks ago :( did you try to raise equity at all or did you try to go the seller financing and commercial bank route?
I think it's incredible that these men who are billionaires Trillionaires 12 zeros just learned today are using their time to teach. Thank you Dan grateful to hear from you regarding investments and money. ❤
The fact that this is b&w and The way DP dresses makes this looks like it’s from the 60s. And he’s not swearing
I long his videos all day. He truly changed my life. Dan you are the Alpha dad I never had.
same here
I absolutely love just listening to him talk.
This guy is a absolute genius
Thanks a lot for the 1080p version of this gem!
QLA Forever!
40:50 -- Take the proper docs
41:10 -- Dress properly
I kind of like this version of Dan a bit better
This guy has a resume!
thank you
How to profit from a refinance? Isn’t it just a bigger loan that I have to pay? So I do have to sell the company. Who do I ensure the company makes profit?
It is a bigger loan because the valuation your business just went up but as a percentage of the value of your business it is nothing
You refinance when your debt service/free cashflow rate is high (more than 2x) and take it to pay yourself and board members
You do the same after you do a deal and get a working capital loan but you also pay the lawyers and accountants with it if this is your first or second deal (you made them agree to rolled fees)
Nxt Luxury ; when and where is this ? guessing 1993 or 95 NewYork maybe ........ Atlanta
Don Morckel I think he said 1996 and Atlanta
Yep , thanks
Where can I get more of his videos...any help?
Quantum means infinitesimally tiny
With big implication ;)
fvck i miss the "90s....
Does this stuff work to this day?
This will never stop working
Nothing has changed.
It will never stop working because it is all psychological -- and human psychology hasn't changed in 300,000 years.
Tu não paga o banco né?
If this was in 1996, why is it black and white?
He was old 50 years ago?!?!
👏👏👏
He was waaaay better before all the cuss words!!!!!!
I appreciate his candor. The most egregious speeches are the best ones. They leave an indelible impression on me .
jodys eighth birthday
saint joes kristen knows the way
gail ostrowskis may
Jajaja is not for everybody
The ONLY way to make BIG $ is to SELL something ANYTHING………
That is what Dan does. He is 100% sales but you need the capital to underpin these sales.
Up the nose 👃
NOTHING ABOUT BUYING BUSINESS .........hmmmm
Cough cough
Why cough cough? This information is great