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I recall seeing Nathan on both James Sinclair and Samuel Leeds’ RU-vid channels. It’s cool to see what he’s up to now. It sounded like he found a fair bit of success in the lease option agreement strategy of residential property investing. 🎉
11:35 'my business doesn't make money, all we do is buy and sell..." I get that money is made from management fees, but how is that structured? and doesn't the business (deal team) make money by selling the company for a profit?
Pretty confused here Jonathon...all the videos I've seen of yours so far and the book of yours I bought have all strongly advocated the "buying a business for £1" model and turning it around but now you're saying its a bad idea and how much of a nightmare it is???
Hi Ryan - that's not strictly true- my book gives turnarounds as just one option and only devotes a few paragraphs to it - and I'm not aware of any videos that advocate buying a distressed business for a £1. I have always said that you want to buy and established, profitable businesses - without using your own money, which is where the confusion is, I believe. Just because you don't use your own money for the deal doesn't mean the business is free, of course - we are just using financing to buy the business rather than our own cash!
@Jonathan Jay ah yes, I think you're right that's where the confusion came from, apologies. Loving the content anyway and looking forward to the next videos!
Jonathan you have said many times you bought a company for £1 and sold it for £1m within 12 months. Now you’re saying it’s pie in the sky?? Make up your mind
My mind is completely made up :-) You are right that I've done very profitable turnarounds and you are also right when I say that this is not a strategy for a beginner who might be under the illusion that they can rescue companies and make a fortune. As a beginner you should be focusing on established, profitable businesses
Scenario - I have 2 friends that also want to buy a business. I buy a business using the SBA 7a loan with 5% cash down on a $100k business. In a year, my friend buys that business from me for $5k down for the same $100k business. The following year, my second friend does the same thing and buys his business from friend 2 for $5k down for a $100k business. Isn’t that possible?! Could someone answer that question? Please.
@@theDealmakers The primary goal would be for each friend to have $100k to invest or use what ever they’d like. Almost as a form of group economics so each friend, family member or associate can have a jumpstart to their investing career.
