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My First MillionHow to Buy Distressed Assets, How to Network with Codie Sanchez | My First Million Ep. #176
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EPISODE INFO
- Released
- April 28, 2021
- Duration
- 59m
- Channel
- My First Million
- Watch on YouTube
- ▶ Open ↗
EPISODE DESCRIPTION
No more small boy spreadsheets, build your business on the free HubSpot CRM: https://mfmpod.link/hrd - Codie Sanchez (@Codie_Sanchez) joins Shaan (@ShaanVP) and Sam (@TheSamParr) for this brainstorm. Codie is all about businesses that cashflowing right away. She talks everything from buying distressed businesses to modular homes to buying real estate for pennies on the dollar. She doesn't shy away from controversial thoughts either: she lays out why angel investing is dumb and why public stock investing is as well. We end the episode with some great stories on "how to collect people" (basically network like a champ) and what financial freedom really means. — Check Out Shaan's Stuff:
- Shaan's weekly email - https://www.shaanpuri.com
- Visit https://www.somewhere.com/mfm to hire global talent (like Shaan does) and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than their US equivalents.
— Check Out Sam's Stuff:
- Hampton - https://www.joinhampton.com/
- Ideation Bootcamp - https://www.ideationbootcamp.co/
- Copy That - https://copythat.com
- Hampton Wealth Survey - https://joinhampton.com/wealth
💰 Pitch your startup for a shot at a $1M investment with Sam Parr as the MC https://clickhubspot.com/pitch Links: 📧: Sign up for The Hustle Daily Newsletter: https://link.chtbl.com/Skd9E12x 🎙️: Download Our Podcast: https://link.chtbl.com/fLwcuA6Y A podcast where we brainstorm new business ideas based on trends & opportunities we see in the market. Sometimes we have famous guests, and they do it with us. ---------
- Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/
- Support the pod by spreading the word, become a referrer here: https://refer.fm/million
- Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas.
--------- Show notes:
- (0:00) Intro
- (0:38) The guys recap the Balaji podcast
- (5:08) Codie explains what she does and how she got there
- (15:03) Owning mailing centers & pack and ships
- (21:12) Buying distressed assets for $0
- (23:54) The big ROI on tiny homes
- (28:44) Codie's controversial thoughts
- (37:16) Buying RE at auction
- (43:01) How to collect cool people
- (54:15) How Shaan and Codie view financial freedom
SPEAKERS
Codie Sanchez
guestInvestor and founder of Contrarian Thinking, known for buying and operating small “boring” businesses and discussing private equity strategies.
Sam Parr
hostCo-host of My First Million and founder of The Hustle (acquired by HubSpot).
Shaan Puri
hostCo-host of My First Million and entrepreneur/investor.
EPISODE SUMMARY
In this episode of My First Million, featuring Codie Sanchez and Sam Parr, How to Buy Distressed Assets, How to Network with Codie Sanchez | My First Million Ep. #176 explores Codie Sanchez on micro-PE, distressed deals, and network-building tactics Codie Sanchez describes her investing work across a large cannabis private equity fund and a smaller “micro PE” approach focused on buying boring, cash-flowing small businesses run by operators.
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