Glossary
Due diligence
Verifying that what you are buying is what the seller says it is.
For a business: bank statements against reported revenue, customer concentration, supplier contracts, whether the profit survives the owner leaving. For a property: structure, title, actual rents received rather than advertised.
The rule of thumb is that anything a seller resists showing you is the thing you most need to see. Time spent here is the cheapest risk reduction available anywhere.
Where this matters
Buying a Business
Acquisitions
Skip the zero-to-one phase and buy cash flow that already exists
- Capital
- $10k+
- First income
- Months
- Risk
- Ceiling
- Uncapped
Rental Property
Real Estate
Buy property with borrowed money and let tenants repay the loan
- Capital
- $10k+
- First income
- Months
- Risk
- Ceiling
- Seven figures