The Property by Kazy Podcast EP 75 | Dee Ludlow: “Don’t Buy A House Do This Instead!” | PBK Podcast
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Oct 12, 2024 Dee Ludlow, a seasoned entrepreneur and real estate expert, shares insights from his impressive 18-year career. He emphasizes the importance of focusing on net profits over revenue when buying businesses. Dee contrasts property investing with business acquisitions, highlighting the complexities of both. He discusses the emotional journey of restoring properties, the significance of community support, and the necessity of resilience in entrepreneurship. Ultimately, he encourages enjoying the process of success rather than just the financial outcomes.
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Focus on Profit, Not Revenue
- Focus on profit, not revenue, when evaluating businesses.
- Big revenue numbers can be misleading if margins are low.
Explore Acquisition Strategies
- Explore various business acquisition strategies, including leveraged buyouts, distressed purchases, and skill-based equity deals.
- Understand the financing options available for each strategy.
Don't Obsess Over No-Money-Down Deals
- Avoid solely focusing on no-money-down deals when buying a business.
- Prioritize understanding deal structure and due diligence.