AJxSMB

[AJxSMB @Ajtweeting]

@blueprintsmb22 @OneManLBO Ahh you were there to @blueprintsmb22 ? I'm in your video. Can't believe we didn't meet. Had to duck out early

[AJxSMB @Ajtweeting]

@BigDemoPrez I'm a dummy

[AJxSMB @Ajtweeting]

@THArrowOfApollo CODE

[AJxSMB @Ajtweeting]

@SMB_Attorney @KHendersonCo LOI

[AJxSMB @Ajtweeting]

@blueprintsmb22 know these brokers. 2 guys based out of Long Island. They do a really good job of signing the seller, collecting their upfront feea and then just not closing the majority of their deals. Have seen 7 companies from them in the last 1.5 years. All sellers upset and none closed

[AJxSMB @Ajtweeting]

@blueprintsmb22 But where else will I go for inspiration pictures of him traveling while he owns 10 absentee businesses??!!

[AJxSMB @Ajtweeting]

@dennis_unrein @MatznerJon Curious, what's been the biggest issues/reasons in them not selling?

[AJxSMB @Ajtweeting]

@RandBusiness You up north now?

[AJxSMB @Ajtweeting]

@SMB_Attorney Wasn't there also language around new investors (direct or indirect) owning any % will now have to be coborrowers? If so, not sure investors will want to fund deals if that is the base

[AJxSMB @Ajtweeting]

@elialbrecht Wasn't there also language around new investors direct or indirect at any ownership level will need to be coborrowers?

[AJxSMB @Ajtweeting]

@KHendersonCo Does this mean that if a self funded person raises outside equity those investors now are coborrowers? If so, feel like investors will balk at this no?

[AJxSMB @Ajtweeting]

@SAOliver_Atty Many SF deals have a 1x liquidation pref then a pro rata split. Would this Be considered a return of capital to investors?

[AJxSMB @Ajtweeting]

@Sam_Rosati Saw this one. Only $300k of reported sde from tax returns with the remainder $200k being unreported cash but he wants the full valuation based on the reported and unreported numbers and will only hold $500k of seller note with no contingencies...🤔

[AJxSMB @Ajtweeting]

@CTW_SMB Just saw something like this yesterday. Broker says to average the last year sde and base a multiple off of that bc it will come back.. 🤔

[AJxSMB @Ajtweeting]

@SMB_Attorney @smblawgroup Send pls

[AJxSMB @Ajtweeting]

@SMB_Attorney I've asked why he hasn't spent and response is he wanted to take more of the money out and deal w less headaches but you're young you can deal w more headaches...

[AJxSMB @Ajtweeting]

@EndresenHeather When you say they are tightening credit, what are you seeing happening? Fewer approvals? Higher requirements for certain elements? Something else?

[AJxSMB @Ajtweeting]

@girdley In both govt and private pay Issue is 1) staffing 2) higher costs (staffing related) and 3) difficult to pass on costs to parents. Most of these companies also own the RE and typically don't charge rent so economics works but not for a buyer. Seeing a lot of these not sell

[AJxSMB @Ajtweeting]

@blueprintsmb22 @codywagee 😂 @codywagee we all aspire to be where you're at. Pls keep doing what you're doing.