Acquiring Minds It Really Happened: 100% Financing for an $8m Business
58 snips
Jul 4, 2024 
Renan Cortez, an entrepreneur, secured 100% seller financing for an $8m business after learning about acquisition via Codie Sanchez and using a virtual assistant. Topics include negotiating seller note, securing bridge loan, rebranding the company, raising capital for growth, and his large roll-up vision.
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Sourcing Off-Market Deals
- Consider using a VA to source off-market deals and gather information directly from owners.
- Dave Collinson and Athena Simpson offer sourcing and hand-holding services.
Securing 100% Seller Financing
- Renan negotiated 100% seller financing for an $8M restoration company after building rapport with the owners.
- He presented a compelling case by comparing the interest paid to a bank versus the seller.
Rarity of 100% Seller Financing
- 100% seller financing deals are rare and require a perfect storm of circumstances.
- The seller must not need immediate capital and view the financing as an annuity.