At 20 years old I realized the highlight of my day was bringing my dog to work. Nothing drives you to start a small business like getting fired by a man you've made rich. Four years later I sold my first Sweaty Startup for $5 million. Follow to see how, real numbers included.
🚨 Breaking News 🚨
Hey everyone - Big news! I’m absolutely stoked to share that @stephenolmon and I are teaming up with @samuelthompson
Story time...
6 years ago, I started a full scope digital agency (QuickerLeads) with Stephen. We set out to be your entire marketing department. We grew it to a modest level of success, had a couple big six-figure deals, but knew we weren’t built to scale.
2 years ago, we decided to “start over” with Quicker. We slowly (and gently) sunset some large clients and focused solely on paid media.
Through this newfound focus we were able to iterate quickly and became masters at our craft. We built a team of damn good search engine marketers, our clients love working with us, agencies love white labeling us AND it’s all super scalable.
I’m proud of us.
Now, we are ready for that next thing.
Stephen got wind of the best potential free agent hitting the market and we moved quickly. This isn’t some random dude on the internet.
Sam is a game-changer.
If you follow him on Twitter you know what he is bringing to the table.
Branding + Product + Growth + No Code
And most importantly, a good guy, a good friend and someone we trust with our baby.
But if everything was going well, why bring in another partner? Because we have a vision of something WAY bigger.
Check out @QuickerHQ - services, studio, joint ventures, and investments.
We have built a killer team that offers world class talent. We sell those talents to clients, we use them internally for our own projects, and we leverage them to create win-win JVs.
When sharing my 10 year vision with Sam he asked, "Why wait 10 years? Let's make it happen in 3!"
I’m ready - this is going to be a wild ride. Give me a follow if you want to stay updated on this epic journey.
Don’t be shy. If you want to connect or you’re in need of marketing services, my DMs are open 👉 @heysampreston
@_JonathanHart_ I’m definitely guilty of shinny object syndrome when it come to new business ventures. I combat this by using an idea management tool. 3 categories: Ideas for now, Not right now ideas & Ideas to let go. I then have a list of questions that help me place the idea in a category.
@WilsonCompanies This is a hard dichotomy. I’m currently working through this with my team. Having a growth & high performance culture will make both of these easier.
@micahstateson No, it’s way to much work. I just take my profits out every month. Weather I think the money is there or not. If the rest of my company is operating within their departments budget then we should have nothing to worry about.
@2ndOrderSociety I would then owe the difference.
That’s the reason they only allow me to take upto 70% as a loan. Typically, portfolio don’t drop 30% to quickly.
Also, the house would have to drop under $300k for me to break even and only pay back my loan.
Plan for the property/ Exit Plan:
▶️This property has a guaranteed tenant for the next 5 years minimum.
▶️When tenant leaves rent can go up to $2100 per month.
OR
I can put $15k in the house then sell. ARV is $400k.
Cash out Refinance
Once the deal was closed I began the cash out refi. This allows me to cash out 75% of the homes worth.
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Home Appraised @ $355k
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I could cash out upto $262k
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I cashed out $234k.
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Paid back pledge asset line, kept rent low, made $15k for next investment.