Episode 60: Local Private Lending with David C Barnett

David C Barnett is an author, speaker, advisor, and former business broker.  David loves to say that it took him 10 years to un-learn what he was taught in business school.  University had trained him to be a middle-manager in big enterprises, he was totally unprepared for the realities of small business. After a career in advertising sales, David started several businesses including a commercial debt brokerage house.  Helping to finance small and medium-sized businesses led to the field of business brokerage.  Over several years, David sold dozens of businesses for others while also managing his own portfolio of income properties and starting his career as a local private investor. David regularly consults with professionals and banks on business and asset values.  Currently, he also works with entrepreneurs and would-be entrepreneurs around the world who are buying, selling, or trying to improve their businesses. This episode talks about: Becoming an expert in buying and selling businesses Starting a debt brokerage business Reasons why David focuses on local private money lending Mitigating lendings risks through collateral How to finance your business without a traditional bank? Leveraging a Bank on Yourself type whole life policy for financing The importance of analyzing cash flow in the lending decision Types of businesses David lends to The importance of the lender-borrowers relationships How to make your money grow using compounding interest? What is in-house financing? Tax advantages of borrowing, interest paid Understanding the legality of lending/borrowing within your jurisdiction To connect with David C Barnett and to know more about private lending, please visit: 👉Company Website ➡️ www.DavidCBarnett.com 👉Linkedin ➡️ http://ca.linkedin.com/in/davidbarnettmoncton 👉FaceBook ➡️ https://www.facebook.com/DBarnettMoncton/ 👉YouTube➡️ https://www.SmallBusinessAndDealMakingPodcast.com 👉Soundcloud➡️ https://soundcloud.com/dbarnettmoncton 👉Instagram➡️  https://www.instagram.com/dbarnettmoncton/ 👉Twitter➡️ https://twitter.com/DBarnettMoncton 👉Email List Signup➡️  https://www.DavidCBarnettList.com 👉To learn more about what we do and how we can help you grow more wealth, please visit ➡️ https://finassetprotection.com 👉You can also schedule a free call with us: ➡️https://calendly.com/financialservicesins 📢💡 📚 Free "Thinking Like a Bank" ebook. Learn to think like a bank by downloading a free copy here: ➡️ https://thinkinglikeabank.com 🚧 👉 **Not intended to be financial advice. Please consult a professional who knows your specific situation.