Capital Hacking E292 - How to Buy a Business with NO MONEY DOWN with Renan Cortez
This podcast episode delves into the inspiring journey of Renan Cortez, a former combat medic and successful corporate professional turned purpose-driven entrepreneur. Renan shares his path from growing up in challenging circumstances to founding a private equity firm focused on acquiring service-based businesses. Host John Edwin explores Renan's transformational story, discussing the significance of mentorship, education, and taking massive action. The conversation also covers the power of investing in businesses, the process of acquiring and scaling them, and the importance of giving back to underserved communities. Renan's mission to impact veterans, women entrepreneurs, and others fuels his pursuit of both financial success and meaningful societal change. This episode offers insights into the world of business acquisition, wealth creation, and the profound impact of purposeful endeavors.
About Renan Cortez:
Renan Cortez, Founder, and CEO of Syndicate Venture Group, was born and raised in the Bronx and Queens, NY and joined the Army as a combat medic at the age of 20.
OVER HIS 12-YEAR MILITARY CAREER…
He specialized in cardiology, mastering life-saving skills. Transitioning to corporate America, Renan worked with industry giants like Medtronic and Abbott, gaining invaluable experience. Guided by mentors who shaped his life, Renan is now committed to paying it forward.
https://svgpe.com/
Key Points:
- **Introduction & Background (0:00 - 1:16):** Meet Renan Cortez, former combat medic turned entrepreneur. His journey from challenging upbringing to corporate career.
- **Overcoming Challenges, Finding Purpose (1:16 - 5:29):** Reflecting on military mentors, pivotal moments. Mission to give back led to launching a private equity firm for service-based businesses.
- **Private Equity Success Story (5:29 - 14:31):** Acquiring a Water Restoration company with 100% seller financing. Deal evaluation, transaction tactics, and exponential portfolio growth. Mentorship's role, insights from Cody Sanchez and Richard C. Wilson.
- **Expanding the Portfolio Strategy (14:31 - 22:39):** Vision for acquiring service-based businesses, particularly in Water Restoration. Identifying prospects, valuation assessment, performance enhancement strategies.
- **Business vs. Real Estate Investment (22:39 - 24:51):** Advantages of business investment - speed, returns. Synergy of real estate and business for comprehensive wealth building.
- **Starting the Journey (24:51 - 27:06):** Renan's advice - choose a sector, connect with mentors, take massive action to begin business acquisition journey.
- **Impact and Giving Back (27:06 - 29:00):** Goals of supporting veterans, women entrepreneurs. Creating transfo
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