This gym owner made $2M & hasn't paid rent in 3 years

John Franklin (https://twitter.com/JohnIsBuilding) & Mateo Lopez chat with gym owner Jared Byczko (https://www.instagram.com/jabyczko/), about how he was able to land a monster deal in real estate that included multiple years of FREE rent. His story proves you can make mistakes in business and still win big if you do a few key things right.

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Show Notes:

(00:00) Introducing Jared Byczko

(3:54) What is functional retirement?

(8:46) The secret wealth-building hack

(9:54) Starting & growing a CrossFit gym in Indianapolis

(12:07) Buying a building with SBA & refinancing

(17:24) Navigating the SBA loan process

(19:08) Putting together the down payment

(21:20) Picking a location on the path of progress

(24:25) Scaling a fitness business with multiple programs

(27:04) Simplifying his gym operations

(30:16) Sponsored message: Run a successful gym with Kilo (visit https://usekilo.com/)

(32:12) The impact of COVID on the business

(34:03) Getting approached to sell & negotiating deals

(40:05) Where Jared's new facility will be located

(43:31) Discussing THE deal

(47:24) Renegotiating the deal & re-trading at the last minute

(50:55) Ending a business partnership

(57:45) What's next for Jared's gym business?

(59:55) Where to go if you want to find Jared