<description>&lt;div class="OutlineElement Ltr SCXW259488093 BCX0"&gt; &lt;p class="Paragraph SCXW259488093 BCX0"&gt;&lt;span class= "TextRun SCXW259488093 BCX0" lang="EN-CA" xml:lang="EN-CA" data-contrast="auto"&gt;&lt;span class= "NormalTextRun SCXW259488093 BCX0"&gt;Pete&lt;/span&gt; &lt;span class= "NormalTextRun SCXW259488093 BCX0"&gt;Neubig&lt;/span&gt; &lt;span class= "NormalTextRun SCXW259488093 BCX0"&gt;started his entrepreneurial journey buying $35,000 houses with small down payments. After amassing 60 homes, he realized there was more money in managing properties for others. &lt;/span&gt;&lt;/span&gt;&lt;span class= "EOP SCXW259488093 BCX0" data-ccp-props="{}"&gt; &lt;/span&gt;&lt;/p&gt; &lt;/div&gt; &lt;div class="OutlineElement Ltr SCXW259488093 BCX0"&gt; &lt;p class="Paragraph SCXW259488093 BCX0"&gt;&lt;span class= "TextRun SCXW259488093 BCX0" lang="EN-CA" xml:lang="EN-CA" data-contrast="auto"&gt;&lt;span class= "NormalTextRun SCXW259488093 BCX0"&gt;Pete shifted focus to building a property management company, handling maintenance and rent collection for over 1,000 homes, and eventually sold the business for&lt;/span&gt; &lt;span class= "NormalTextRun ContextualSpellingAndGrammarErrorV2Themed SCXW259488093 BCX0"&gt; $4.6 million or 1.75 times&lt;/span&gt; &lt;span class= "NormalTextRun SCXW259488093 BCX0"&gt;recurring&lt;/span&gt; &lt;span class= "NormalTextRun SCXW259488093 BCX0"&gt;revenue to an industry giant.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt; &lt;/div&gt;</description>

Built to Sell Radio

John Warrillow

Ep 465 Negotiation, Earn-Outs, and the Pitfalls of Stock Deals in His $4.6M Exit with Pete Neubig

OCT 25, 202450 MIN
Built to Sell Radio

Ep 465 Negotiation, Earn-Outs, and the Pitfalls of Stock Deals in His $4.6M Exit with Pete Neubig

OCT 25, 202450 MIN

Description

Pete Neubig started his entrepreneurial journey buying $35,000 houses with small down payments. After amassing 60 homes, he realized there was more money in managing properties for others.  

Pete shifted focus to building a property management company, handling maintenance and rent collection for over 1,000 homes, and eventually sold the business for $4.6 million or 1.75 times recurring revenue to an industry giant.