Sanchez: Investors must always check debt and lien priority before investing
Codie Sanchez · How to Buy Distressed Assets, How to Network with Codie Sanchez | My First Million Ep. #176 · Apr 28, 2021 · at 40:24
Investor Codie Sanchez discusses due diligence heuristics with Shaan Puri and Sam Parr while explaining distressed asset and real estate investing strategies.
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“And like one thing I've realized about wealth over time is debt is just about everything you should always look for even before you do a startup investment. Is there any debt on the company? Am I in a first lien? Does that, you know, do I have first access to money if this company gets it in some way?”
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More from Codie Sanchez
Sanchez: Grant Cardone's fundraising terms are one-sided against retail investors
“I looked at some of the fundraising docs on Grant Cardone's stuff, and I don't think it's that great for retail investors. I think it's pretty one-sided.”
Sanchez: Contrarian's operating businesses generate more revenue than its course community
“We'd make more money categorically from the businesses we own than from the community that we own, for instance. So, like, numerically, categorically, that's just the fact.”
Codie Sanchez has never raised operating business capital from her audience
“I've never, ever raised money for any of the businesses that I invest in from my audience. Ever. Not once. Not once have I asked for a dollar for that.”
Sanchez: There are far better paths to $1M a year than doing a startup
“If what you're really going for is I want to make You know, 200,300 1500 thousand, a million bucks a year, and that, that is my goal, not to change the world. There's so many better ways to do it than do a startup, in my opinion.”