My First Million

#176 with Codie Sanchez - Buying Distressed Assets, Real Estate for Cheap & How to Network Like a Pro

Apr 28, 2021

01:02:05

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Podcast summary created with Snipd AI

Quick takeaways

Acquiring distressed assets for zero dollars through revenue-sharing agreements creates win-win solutions.

Investing in public markets requires advantages over institutional investors to align with personal strategies.

Buying real estate at auctions before mainstream listing offers unique negotiation opportunities for discounted prices.

Deep dives

Building Small Bets for Financial Stability

Instead of aiming to build the next big tech giant like Facebook, many individuals prioritize attaining financial security in their lives. The focus shifts towards fulfilling Maslow's hierarchy of needs, ensuring family well-being, basic sustenance, and the freedom to pursue personal interests. Opting for a diverse portfolio of small investments akin to buying stocks is favored for reducing risk and maintaining financial stability.

Big Investors and the Unfair Advantage in Stock Market

01:25

Act, Don’t Wait for a Mentor

01:40

The Difference Between Manufactured and Modular Homes

01:16

Introduction

2min

I'm a Rahoul From Superhuman, but He's Just Smarter Than Me, Like His Oven Just Burns Hotter.

2min

How Do You Explain Yourself When You Have a News Letter?

2min

What's the Factor in Investing in Small Businesses?

3min

The Boomers Handing Over Business

4min

I'm a Mexican Catholic and I'd Like to Be a Guest on the Podcast.

3min

The Smartest Way to Make Money in Self Storage

2min

How to Build a Portfolio of Small Businesses

2min

The by Path Versus Build Versus Join

4min

10.

Modular Homes

3min

11.

Can You Tell the Difference?

3min

12.

Angel Investing

2min

13.

Justify Angel Investing With a Blended Reason

3min

14.

Do You Own Any Public Equities?

3min

15.

How to Buy Real Estate at a Discount

3min

16.

Low Income Home Owners - Is There Any Debt on the Property?

3min

17.

How to Collect Cool People?

3min

18.

What's Your Next Move?

2min

19.

Oldsmith Net Working Hack

3min

20.

Do You Really Need a Mentor?

3min

21.

Financial Freedom, That's What I Want

4min

22.

Is the News Letter Really Good?

2min

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.

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* 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.

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Show notes:

* (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

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My First Million

#176 with Codie Sanchez - Buying Distressed Assets, Real Estate for Cheap & How to Network Like a Pro

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

Building Small Bets for Financial Stability

Innovative Approach to Acquiring Distressed Assets

Critical Perspective on Angel and Public Market Investing

Understanding the 'Ackenian Beauty Contest' in Stock Markets

Strategies for Real Estate Auction Investing

Big Investors and the Unfair Advantage in Stock Market

Act, Don’t Wait for a Mentor

The Difference Between Manufactured and Modular Homes

Get the Snipd
podcast app

AI-powered
podcast player

Discover
highlights

Save any
moment

Share
& Export

AI-powered
podcast player

Discover
highlights

My First Million

#176 with Codie Sanchez - Buying Distressed Assets, Real Estate for Cheap & How to Network Like a Pro

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

Building Small Bets for Financial Stability

Innovative Approach to Acquiring Distressed Assets

Critical Perspective on Angel and Public Market Investing

Understanding the 'Ackenian Beauty Contest' in Stock Markets

Strategies for Real Estate Auction Investing

Big Investors and the Unfair Advantage in Stock Market

Act, Don’t Wait for a Mentor

The Difference Between Manufactured and Modular Homes

Get the Snipdpodcast app

AI-poweredpodcast player

Discoverhighlights

Save anymoment

Share& Export

AI-poweredpodcast player

Discoverhighlights

Get the Snipd
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AI-powered
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highlights

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moment

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