My First Million #176 with Codie Sanchez - Buying Distressed Assets, Real Estate for Cheap & How to Network Like a Pro
31 snips
Apr 28, 2021 
Codie Sanchez, a savvy private equity investor with a knack for distressed assets, joins the conversation to share her wealth of knowledge. She discusses how to snag real estate for a steal and reveals why traditional angel investing might be a gamble. Codie also shares her innovative views on financial freedom and the power of networking, describing strategies to 'collect cool people.' With her unique insights into the cannabis market and practical investment approaches, Codie challenges the status quo and inspires entrepreneurial thinking.
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The Plumber Uncle
- Codie's uncle, a successful plumber, wound down his profitable business due to lack of M&A knowledge.
- This inspired Codie to start a micro-PE fund, helping small business owners exit.
Mailbox Money
- Start a mailbox business by acquiring an existing store with customers to avoid slow growth.
- Focus on PO box rentals for greater profits, not just shipping.
Building vs. Buying
- Most people want Maslow's hierarchy of needs met, not to build the next Facebook.
- Focus on a portfolio of small businesses for a more manageable path to financial freedom.