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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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.
Distressed Assets
- Codie helped a gym owner acquire distressed assets by offering a revenue share on transitioning clients.
- She suggests targeting closing businesses on Yelp and acquiring their client lists.
Modular Homes at Scale
- Develop modular homes at scale for significant cost savings.
- Modular homes offer faster turnaround times, especially in harsh weather conditions.