Get Creative with Pace Morby The Art of the Turnaround: Mastering Business Transformations
May 15, 2024
Join Cody Barton, an expert in turning around struggling businesses, as he shares insights on creative financing in real estate, successful property transformations, business challenges, effective delegation, and scaling new heights in business. Discover the secrets to financial success and leadership in business transformations.
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The Overpaid House That Became A Windfall
- Pace and Cody bought a house in 2019 with a 3.5% rate that produced strong cash flow and $300k equity.
- The deal returned roughly $40–50k cashflow over five years and turned into about $500k profit for them.
From Losing $100k/Month To Profitable
- Cody's SWAT team bought a company in June 2023 that was losing $100k/month and turned it into a profitable business in months.
- By December the company was making roughly $78k/month and continued improving.
Always Verify The Numbers Yourself
- Do not trust seller claims without reviewing their financials; many owners misstate profitability.
- Insist on bank records, asset lists, and properly categorized books before valuing a business.