35 min listen
E140: Producing Year One Profits - Spencer Hilligoss
E140: Producing Year One Profits - Spencer Hilligoss
ratings:
Length:
43 minutes
Released:
Aug 13, 2020
Format:
Podcast episode
Description
KEY TAKEAWAYS1. Passive is not always completely void of work... you still need to maintain a business model. 2. The most important rule to start with is: Look at the track record and values of your potential investors and managers. 3. Find someone to manage the deal that has been through a brutally challenging entrepreneurship challenge. This means they will respect your capital more. 4. Look for a partner that can help understand and find deals. 5. Before you invest you want to research: 1. Population growth in the city 2. Migration trends 3. Job supply and growth 4. Crime rate trend6. Look at the year on cash flow. Is the deal going to be able to produce operational profitability in the first year?7. You don't have to start as an active investor... you can start by investing with an operator, learning from them, and then moving into actually being active yourself.8. LIMFACTS - there's 3 limiting factors for every potential investor: Time. Capital. Expertise. Once you identify these limiting factors, you can decide which investing strategy is right for you. LINKShttps://www.madisoninvesting.co/https://www.instagram.com/spencer_hilligosshttps://www.facebook.com/MadisonInvestinghttps://twitter.com/spencehilligosshttps://www.linkedin.com/in/shilligoss/
Released:
Aug 13, 2020
Format:
Podcast episode
Titles in the series (100)
E13: Get Uncomfortable & Grow! How Desperation Drove Success - Cody Hofhine: Change comes from two things: Inspiration or Desperation. Join us as Cody Hofhine, an INC 5000 Co-founder and CEO of Wholesaling Inc., describes how he found his why, and when - at the bottom and from a place of desperation - he built an empire focused on leaving a living legacy and helping other people. by The Investor Mindset - Name Your Number Show [$]