25 Oct Negotiation, Earn-Outs, and the Pitfalls of Stock Deals in His $4.6M Exit with Pete Neubig
Pete Neubig started his entrepreneurial journey buying $35,000 houses with small down payments. After amassing 60 homes, he realized there was more money in managing properties for others.
Pete shifted focus to building a property management company, handling maintenance and rent collection for over 1,000 homes, and eventually sold the business for $4.6 million or 1.75 times recurring revenue to an industry giant. In this episode, you discover how to:
Create SOPs even if you hate processes.
Cap your downside in an earn-out.
Get more cash up front when selling your business.
Avoid the pitfalls of accepting stock as payment.
