EP 309 - How To Buy A Business That Builds Massive Wealth w/ Real Estate Investor Drew Wiard

What did you think of todays show??What’s the difference between acquiring properties and businesses? Surprisingly, there are a lot of similarities but some substantial key differences. Joining this episode to discuss it all is Drew Wiard, an entrepreneur and real estate investor who, in just 18 months, bought and merged three businesses successfully.Drew shares his long-term strategy for building massive wealth through diverse asset acquisition, offering invaluable insights on financing and navigating business takeovers. He delves into his approach to evaluating businesses for acquisition, managing debt, and integrating new assets into his overall investment strategy.His experience highlights the importance of understanding the commitment and risk involved, aligning acquisitions with a clear vision, and perseverance to overcome challenges and achieve success.Let this episode be a guide on buying businesses and diversifying your investment portfolio!Topics discussed in this episode:Drew’s business acquisition strategy for building long-term wealthAttributes of a viable business acquisitionFinancial strategies and leveraging SBA loansManaging the responsibilities and challenges of business takeoversLessons from Drew’s first few business acquisitions The role of vision and strategic alignment in business acquisitionsKey considerations for transitioning from real estate to business acquisition Connect with Drew Wiard:https://www.instagram.com/theflyinginvestor/https://www.tiktok.com/@theflyinginvestorhttps://www.facebook.com/drew.wiardCheck out the FREE Collecting Keys “Sub To Transactions” Master Class!https://collectingkeys.com/subtoIf you’re an established investor with money to invest, but not the time, check out the Instant Investor PRO Program! https://collectingkeys.com/Check out the Big Dan Energy shirt (and more!) in the Collecting Keys Merch Store: https://store.collectingkeys.com/Download the FREE 5-Step Guide To Generating Off Market Leads here: https://collectingkeys.com/free/If you are interested in learning from Dan and Mike to receive coaching and learn how they built their business, head to https://collectingkeys.com/keyscon-2023/ and see if you are a good fit for the mastermind group!Collecting Keys Podcast Resources:https://collectingkeys.com/https://www.instagram.com/collectingkeyspodcast/https://www.instantinvestorprogram.com/https://www.instagram.com/mike_invests/https://www.instagram.com/investormandan/https://www.youtube.com/@collectingkeysThis episode was produced by Podcast Boutique https://www.podcastboutique.com