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by a searcher
8mos ago
from INSEAD
in Oakland, CA, USA
Understand where you're willing to take risk and where you're not - what are the trade offs you're willing to make on the deal - examples: higher price for more stable asset, lower price for operational challenge because that is your skill set...etc. Figure out where you can have an advantage in the process and find a deal that fits that.
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by a searcher
8mos ago
from New York University
in New York, NY, USA
^redacted great to see you on here! We should catch up.
In general I’ve been starting with the major listing sites (BizBuySell, BFS, BizQuest), plus a few brokerage sites, plus this new one called BatonMarket that I found. Biggest drain on my time by far has been sorting through what the brokers advertise vs. reality (eg SDE lower than in the listing, or consists of mostly cash which is unbankable).
I’m getting closer to wanting to outsource this to a real buyer broker firm like Calder Capital. Or another idea I had (welcome your thoughts) was to build a web scraper of popular sites to just pull every new listing within my buy box and email them to me weekly.
In general, what are your best tips for sorting through some of the BS out there? Or is it really just a numbers game, like many things in life.