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John Franklin (https://twitter.com/JohnIsBuilding) & Mateo Lopez chat with Stu Brauer, a retired gym owner, about how investing in real estate can help other gym owners retire in 10 years or less.
P.S. If you like the show, then you'll love the Gym World newsletter. Every Friday, John Franklin breaks down the possibilities of making money in the fitness industry. Subscribe here (https://usekilo.com/gym-world/) so you don't miss out.
Show notes:
(00:00) Introducing Stu Brauer & how he got to where he is today
(7:06) Why Stu de-affiliated & started a new concept
(13:16) How to run a profitable gym in a smaller footprint
(16:09) Learning how to make sales
(20:40) How to prove to the bank that you're bankable
(23:47) Explaining Stu's high op cap model
(30:57) Sponsored message: Run a successful gym with Kilo (visit https://usekilo.com/)
(32:51) How Stu bought his building
(36:17) Why small biz owners are valuable to investors
(37:51) Planning out your space before buying the building
(40:45) Shifting your mindset from gym owner to real estate investor
(44:08) Common struggles with leasing
(48:28) How to not make costly mistakes with leasing
(52:52) Other tips to consider when buying or leasing
(59:18) Different ways to buy a building
(1:04:09) How do you know when you're ready to buy a building?
(1:07:04) How should gym owners think about content?
(1:16:49) Where to go if you want to find Stu