Episode Details

Key Takeaways:

03:41 -  Three Ways To Make Money Inside A Salon

04:47 - Right Time To Buy A Building VS Right Time To Lease A Building

06:15 - What to Do When Purchasing Commercial Real Estate

15:03 - How Do You Get Out Of A Lease?

17:00 - Have The Best Relationship With Your Banker

Quotes:

“Whenever you start to sell your salon business, it's not attached to the real estate, so you can sell your salon business and it still would be paying you rent in the space and you would still have all that equity that would belong to you that no one else would be buying into.” (07:51) (Doug)

“One vacancy open just one month can sometimes train wreck their entire year's worth of profit for having a month or two of a vacancy in your building.” (10:45) (Jason)

“Because money is so cheap, meaning interest rates are so low right now. Keep as much cash as you can so you can do other deals.” (12:08) (Doug)