{"id":11611,"date":"2021-02-25T08:27:23","date_gmt":"2021-02-25T13:27:23","guid":{"rendered":"http:\/\/privacyfight.io\/?p=11611"},"modified":"2023-06-23T16:44:33","modified_gmt":"2023-06-23T20:44:33","slug":"u15-interview-with-student-who-bought-200k-business-with-no-money","status":"publish","type":"post","link":"https:\/\/privacyfight.io\/u15-interview-with-student-who-bought-200k-business-with-no-money\/","title":{"rendered":"U15 &#8211; Interview with student who bought $200K Business with no money"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"11611\" class=\"elementor elementor-11611\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-07feaa9 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"07feaa9\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f8e9336\" data-id=\"f8e9336\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d5e2be5 elementor-widget elementor-widget-text-editor\" data-id=\"d5e2be5\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"vidseo_wrapper\" style=\"width: 100%;\">\r\n\r\n    \r\n    \r\n        <div class=\"vidseo_vimeo\">\r\n\r\n            <iframe title=\"vimeo-player\" src=\"https:\/\/player.vimeo.com\/video\/716133014\/?\" width=\"100%\" frameborder=\"0\" allowfullscreen><\/iframe>\r\n\r\n        <\/div>\r\n\r\n    \r\n    \r\n    <div class=\"vidseo_collapse\" style=\"\">\r\n        <div class=\"vidseo_btn\" style=\"\">\r\n            U15 \u2013 Interview with student who bought $200K Business with no money\r\n0:03\r\nOK, hi, everyone, this is John Jay, and one of our members JV\u2019s, was very kind to spend some time with us and talk about what he did to create some more cash flow for himself.\r\n0:14\r\nAnd I really, this is just a great ex&#8230;        <\/div>\r\n        <div class=\"vidseo_collapse_content\" style=\"\">\r\n            <p>U15 \u2013 Interview with student who bought $200K Business with no money<br \/>\n0:03<br \/>\nOK, hi, everyone, this is John Jay, and one of our members JV\u2019s, was very kind to spend some time with us and talk about what he did to create some more cash flow for himself.<br \/>\n0:14<br \/>\nAnd I really, this is just a great example because I really wasn\u2019t that involved. It didn\u2019t have to do much, I just kinda pointed in the right direction or in a direction that he was able to work with.<br \/>\n0:24<br \/>\nAnd you\u2019ll find out that it\u2019s not a simple process all the time, but if you stay with it within a short period of time, you\u2019ll be able to do something really miraculous.<br \/>\n0:34<br \/>\nSo Davis, welcome. Appreciate being with us.<br \/>\n0:37<br \/>\nThanks. Thanks for that.<br \/>\n0:39<br \/>\nAlright, great to be here. So, what about what time do we start talking about this?<br \/>\n0:42<br \/>\nYou know, a lot of people call me up and say, Can you help me with creating more some more cash flow, when was that, like, last year sometime?<br \/>\n0:49<br \/>\nYeah, probably less here.<br \/>\n0:52<br \/>\nI think it was related to kryptos that\u2019s kind of being a little volatile.<br \/>\n0:57<br \/>\nUh, yeah, as a group, as I was growing up, I had always known to spend money on assets more so than just liabilities, Uh, so, I kind of had that seed planted.<br \/>\n1:14<br \/>\nHowever, it\u2019s, it\u2019s lonely, it\u2019s not a lot of people think that way.<br \/>\n1:18<br \/>\nSo, what I met you and you really reiterated and kind of hit that creative spark to say, hey, you know, it\u2019s a holding world. There\u2019s online businesses that you could look at.<br \/>\n1:31<br \/>\nOr brokers do, who you can put down cash or money and buy an asset that\u2019s already been established so that, you know, that\u2019s what started my journey and that\u2019s how I ended up here.<br \/>\n1:45<br \/>\nYou know, there wasn\u2019t a step by step process, but one thing I have learned is, you just, I don\u2019t want to sound woo, woo, but if you, if you just keep adding your persistent even if you don\u2019t know exactly what to do, usually, you end up meeting the right people, Case in point area. Now, that\u2019s a very important thing.<br \/>\n2:03<br \/>\nSo I\u2019m going to ask so what, what script where are you following, and who did you call first to get started?<br \/>\n2:09<br \/>\nIn terms of scripts, I\u2019ll just say the name. I know when I was a teenager I read the Robert Kiyosaki series.<br \/>\n2:18<br \/>\nBut, you know, he, this is from a different time, obviously, and his big thing was real estate.<br \/>\n2:26<br \/>\nI am!<br \/>\n2:27<br \/>\nI\u2019m younger than that generation. However, the goal is still to get physical assets, such as real estate.<br \/>\n2:33<br \/>\nBut I\u2019m also a software engineer, so I understand a little bit about that world.<br \/>\n2:38<br \/>\nAnd that was my critical edge.<br \/>\n2:41<br \/>\nYou know, they say it\u2019s good to have an edge if you are an investor or entrepreneur.<br \/>\n2:47<br \/>\nSo basically.<br \/>\n2:49<br \/>\nwhereas when you kind of pointed me in the direction of online businesses, and I started looking up different brokerages or marketplaces like those, those things exist.<br \/>\n3:00<br \/>\nUm, it\u2019s not it.<br \/>\n3:02<br \/>\nI would say this is very strange, but this is like the new gold rush mmm hmm.<br \/>\n3:09<br \/>\nYeah, so that being said When did I start?<br \/>\n3:14<br \/>\nI know I\u2019ve met you probably a year ago now, but the other day, I found an old e-mail in mind, my inbox, and it turns out back in 2018, I was looking for gas stations to buy. mm.<br \/>\n3:28<br \/>\nHmm, and I just remember, the amount of, the return on investment there was, like, guys, are asking for, 230 K, and making, maybe 20,000 profit a year.<br \/>\n3:43<br \/>\nHmm, hmm, hmm, hmm, hmm, that\u2019s not much, I mean, that may be better than returns in the market, and safer.<br \/>\n3:50<br \/>\nBut, I kinda had a tuition that, that wasn\u2019t, that wasn\u2019t the most efficient thing I could put $200,000 into, especially with crypto.<br \/>\n4:00<br \/>\nAnd a gas station look at all the red tape, you have to get through them in a gas station. You know, all the permitting and things, and to end up with a 20 grand at the end of the year.<br \/>\n4:08<br \/>\nYou could literally probably do that, after a few months of preparation, probably do that every month, if you intended to.<br \/>\n4:15<br \/>\nSo, yeah, I think, I think what were, our discussion was related to this, this project we\u2019re going to be talking about here is, you didn\u2019t really have a step by step to follow.<br \/>\n4:24<br \/>\nAnd you kinda didn\u2019t know who to call by, pointing in the direction of, we\u2019ll check out this, what was it? Because I think it\u2019s changed marketplace, right? Exchange market. But, yes, all right, did you, did you work with that broker there?<br \/>\n4:34<br \/>\nSo, I did, I started with Exchange Marketplace and there\u2019s a few competitors, such as slip I was already familiar.<br \/>\n4:46<br \/>\nBecause when I was in college, I did a little domain slipping by the state exchange marketplace. Button.<br \/>\n4:52<br \/>\nThere\u2019s there\u2019s another the one thing I did learn you you typically can find Undervalued things on on the marketplaces.<br \/>\n5:02<br \/>\nHowever, they are much different then a brokerage firm So, you know, I can listen names here and I\u2019m sure you can have a write-up of the different references that I have on my list a watchlist.<br \/>\n5:19<br \/>\none thing I can help others avoid is to have their first business come from just an open marketplace there it that is the wild wild West and Compared to a brokerage firm.<br \/>\n5:34<br \/>\nThey will preset the business and make sure they\u2019re, there weren\u2019t any kind of skewed numbers or are our traffic farms.<br \/>\n5:43<br \/>\nSo, again, coming back to that edge, software engineer and how the Internet works in the marketplace, you can find people that just know how to spin up a website and then have a bunch of bots and traffic or have a pool of maybe $10000 and it continuously find transactions to that business too.<br \/>\n6:03<br \/>\nKinda prop up the numbers.<br \/>\n6:05<br \/>\nYeah, you have to look for that, I guess. Yeah, so, I mean, that\u2019s a thing.<br \/>\n6:10<br \/>\nBut that, that exists, but you don\u2019t even, you don\u2019t have to bother with that. So there\u2019s brokerage firms now.<br \/>\n6:17<br \/>\nAll they do, John is, um, vet businesses, and I mean, you can have a business from as low as $20,000, all the way up to $5 billion. There\u2019s places called Empire Flippers, that\u2019s the first one I found. There\u2019s FTA International.<br \/>\n6:37<br \/>\nThere\u2019s brokers still flow and there\u2019s a few others.<br \/>\n6:41<br \/>\nAnd you, you know, the audience may be thinking, OK. I have to keep up with all that. Now. You know, there\u2019s one that\u2019s called \u2026<br \/>\n6:49<br \/>\ndot com and what \u2026 does is they consolidate maybe 20 different brokerage firms.<br \/>\n6:55<br \/>\nThey\u2019re all pre vet their businesses. And they have like, a, it\u2019s like a Google, you just put in, OK, what do I want to spend?<br \/>\n7:02<br \/>\nWhat\u2019s the profit of the month or annual profit?<br \/>\n7:07<br \/>\nWhen did this business go and sell?<br \/>\n7:09<br \/>\nAnd they consolidate everything into a single kind of search engine with, with filters. So some ticket does all of that.<br \/>\n7:19<br \/>\nIf, I mean, it couldn\u2019t be any easier, right, That\u2019s more efficient. Well, how do you spell that URL? I\u2019m sure everyone wants to know.<br \/>\n7:25<br \/>\nIt\u2019s, it\u2019s C E N T U R, I C a dot com.<br \/>\n7:33<br \/>\nAnd you, when you put in your parameters, they even do it, do a favor, and say, hey, do you want to save this filter?<br \/>\n7:39<br \/>\nAnd when something new comes up, we will send you an e-mail, OK? That\u2019s excellent to have that. So you wanna get there when you want someone to bring you deals. Once you find the brokers, instead of spending all your time, they\u2019ll bring you deals based in what you\u2019re looking for.<br \/>\n7:54<br \/>\nAnd so you want to, there\u2019s a couple of rules I recommend that people follow, which is, the purchase price of a business should typically be able to be paid for by the gross income of the business within one year.<br \/>\n8:07<br \/>\nIt doesn\u2019t have to be, but, but it\u2019s up to you.<br \/>\n8:09<br \/>\nBut, the standard is, within a year, the gross receipts should equal the selling, asking price, OK? Then, what I\u2019m finding is a lot of them are just within a few months of gross income, you can pay off the business.<br \/>\n8:23<br \/>\nThen, it should be something that you look at in, in your experience.<br \/>\n8:28<br \/>\nYou might see some paths to make more money from it to scale it up, to reach out into some new niche markets.<br \/>\n8:34<br \/>\nWere to use that inventory or dropshipping or method or whatever to build something else you are having to have an idea on.<br \/>\n8:41<br \/>\nInstead of, like, for example, I talked to this one woman, where she had to sign up for a multi-level marketing product and she just loved the product. But it was literally one product.<br \/>\n8:49<br \/>\nAnd so I suggested she do one of these, acquire one of these websites because it already had a shopping cart. They had already had a web presence, had already had customers. And then, all she had to do was add that product into her platform, instead of trying to build a whole platform for one product.<br \/>\n9:02<br \/>\nSo, that would be another use of it, that expanding.<br \/>\n9:06<br \/>\nSo, what was your experience? I mean, did you contact the exchange marketplace, and you talked to the broker over there?<br \/>\n9:12<br \/>\nYes.<br \/>\n9:12<br \/>\nSo I ended up going through several different, so I just don\u2019t touch on the point too, Yes.<br \/>\n9:20<br \/>\nOn the smaller businesses, I would say under six figures, you should definitely buy something. That\u2019s an easy, quick way.<br \/>\n9:27<br \/>\nAnd you\u2019ll be able to pay it off with the revenue within a few months to a month or two it to a year.<br \/>\n9:34<br \/>\nNow, just because of how my I didn\u2019t go in a straight line I ended up rubbing elbows with people who were doing much larger deals than not than I had expected. they just liked what I was doing.<br \/>\n9:46<br \/>\nSo they said, hey, you come in, and you can potentially be our tech guy, can help us negotiate on the nature of the codes.<br \/>\n9:55<br \/>\nCorrect, and not gonna blow up on it.<br \/>\n9:58<br \/>\nSo, I did find out like the more expensive business is, and the more hands off something.<br \/>\n10:04<br \/>\nUh, is when, when the sellers are selling, you will tend to get into like they will start charging anywhere from 2 to three X annual problem. Yeah. Right. I mean, that gets up into life.<br \/>\n10:17<br \/>\nReal estate deal territory. However, like, so here\u2019s here\u2019s some numbers there.<br \/>\n10:23<br \/>\nIf you spend, I don\u2019t know if he, if you spend 200,000 business, it\u2019s probably going to make that into three years\u2019 time.<br \/>\n10:32<br \/>\nSo even if you like, do you finance some of that, you\u2019re making profit very soon. I guess I don\u2019t wanna get into the logistics.<br \/>\n10:42<br \/>\nI\u2019d like cash flow. And, I mean, we just tell us your experience, and, by the way, I\u2019m gonna mentioned there\u2019s a, I think, a standard you all want to consider, is called the rule of 72. How long does it take for you to recover your investment?<br \/>\n10:55<br \/>\nSo, just keep that in mind, but what really impressed me about your experience Chavistas, you said, you, you went in there alone, I didn\u2019t. I wasn\u2019t calling with you, You just did it one day, and then you met people.<br \/>\n11:06<br \/>\nThen you\u2019ve got networked into this whole environment, this community, and you made some work, and you ended up with this huge line of credit.<br \/>\n11:13<br \/>\nYou ended up acquiring the business after a few tries and a few fails.<br \/>\n11:18<br \/>\nYou got one.<br \/>\n11:19<br \/>\nAnd now, you\u2019re looking at, a few months from now, you\u2019re going to have this stellar credit without any personal liability. And it\u2019s nice cash flow.<br \/>\n11:26<br \/>\nOK, yes, so thanks a chip to rewind a little bit in terms of how did I find out about \u2026<br \/>\n11:34<br \/>\ndot com that came from a seldom go station with one business and the broker reached out to me.<br \/>\n11:39<br \/>\nAnd I told him, look, I just, she\u2019s asking too much.<br \/>\n11:43<br \/>\nAnd I don\u2019t think that his business after due diligence done, requires that kind of, that kind of the asking price.<br \/>\n11:51<br \/>\nAnd the broker said, hey, I understand where you\u2019re coming from, just that, you know, you can use this science center dot com date day.<br \/>\n12:00<br \/>\nSpecifically, provide due diligence services for online businesses, and that, that was a Godson, So, yeah.<br \/>\n12:09<br \/>\nThe fact that they actually come through the listings and curate a list every week was icing on the cake, I just went through the site.<br \/>\n12:18<br \/>\nJust, no, commission them to help me run due diligence, they do everything that\u2019s leveraging your time. Now, that\u2019s worth gold, because I was going to tell everyone, I mean, if you didn\u2019t have that service, what I would say is, when you\u2019re going through the financials, you would probably have to bring in an accountant and see if these numbers are real.<br \/>\n12:34<br \/>\nAnd you\u2019d probably have to talk to somebody who can look at the code on the site and see if those are real sales, are from the same IP address, or something like that.<br \/>\n12:42<br \/>\nEnzi, I\u2019ve done that, too, that this next point, I found myself negotiating on behalf of our business by myself.<br \/>\n12:50<br \/>\nI think, I came down at like 2% and I just went to it, a community bank.<br \/>\n12:58<br \/>\nI know, you know, the climate\u2019s may not like banks, but one thing I did learn, you can treat them like, business partners, because really, they want to make money, just like, Sure.<br \/>\n13:08<br \/>\nThey won\u2019t let you fail, because they can\u2019t. Exactly.<br \/>\n13:11<br \/>\nSo I went to a community bank and like as I just started talking numbers at this point, I had rub elbows with people who are doing seven figure deals, and I just, I learned how to like, talk the game. And So the banker that, he was impressed, introduced me to an accountant that said, Hey, if you let them come on. So make sure you don\u2019t mess up after your participants.<br \/>\n13:36<br \/>\nI brought them in.<br \/>\n13:38<br \/>\nYou know, sat them down, we added three person conference downtown where, wherever and, at the end, if I spill, they were there and they did not know that. I mean, they were familiar with real estate.<br \/>\n13:52<br \/>\nThey said, I had no idea this was going to the magnitude that it was.<br \/>\n13:59<br \/>\nAcid, yeah, this is this thing.<br \/>\n14:01<br \/>\nAnd so, basically, the accountant, That\u2019s a good one.<br \/>\n14:08<br \/>\nThe accountant was looking at the numbers.<br \/>\n14:10<br \/>\nAnd, I lost, but, well, they were surprised at what they were surprised, that the X, what you\u2019re looking at, these online businesses that are for sale. Oh, yeah, OK. That was new to them. All right.<br \/>\n14:23<br \/>\nThis is, it was needed, and it was making more money than any, any investment vehicle they had ever seen exactly at the bank. Isn\u2019t that amazing at the time.<br \/>\n14:32<br \/>\nI have people talk to me about buying stocks, and I\u2019m like, why would you ever buy stocks? When just, for example, you could buy tax lien certificates. It\u2019s so easy to do that. And now, you go in the bank.<br \/>\n14:42<br \/>\nAnd they\u2019re used to dealing with these people all the time and they\u2019re looking at what you\u2019re looking at, about buying, and they\u2019re saying, whoa, what\u2019s this all about, that\u2019s way better performance than any of our assets that we\u2019re selling the clients. Exactly and they so they want to land on it. But they are stuck in an antiquated system.<br \/>\n15:01<br \/>\nYeah, I\u2019m starting like, after doing a deal with the brokerage I\u2019m working with now.<br \/>\n15:07<br \/>\nIt\u2019s kind of like, OK, this guy\u2019s real, let\u2019s start shots, and some other things, that are coming across the desk before we put it up.<br \/>\n15:14<br \/>\nSo I\u2019m getting to see, I\u2019m getting up behind the doors.<br \/>\n15:20<br \/>\nSo. How many times did you think you tried this in the last six months, and it didn\u2019t work before you actually succeeded.<br \/>\n15:27<br \/>\nUm, I mean, each, I want to say let\u2019s let\u2019s say two, maybe three times, but but there\u2019s there\u2019s a caveat every failure and and I I can\u2019t believe this happened, but Every failure I learn something and that that thing that I learn made me better for the next negotiate negotiate. And through that whole process, How many people knew people that you\u2019ve never met in your entire life? How many people did you encounter and talk with and learn from?<br \/>\n16:01<br \/>\nI Can\u2019t count. I really like maybe 20.<br \/>\n16:05<br \/>\nAt least one, OK. Just in that process, you learn, you met 20 new people, you know, and you failed a couple of times and then you finally got your deal.<br \/>\n16:17<br \/>\nYes, but it\u2019s even crazy. So, so OK.<br \/>\n16:24<br \/>\nJohn understand God I\u2019ve told them but I met an underwriter OK and this gets into, like everyone, you can do this without cash in the bank.<br \/>\n16:37<br \/>\nYeah, here this part, this is what I want to get to.<br \/>\n16:39<br \/>\nSo, so, so now, and I haven\u2019t mentioned this yet, but I\u2019ll mention it, the last four deals that I\u2019ve negotiated on, I had no idea how it was going to get. That was kind of doing the whole thing, where I guess, if I put this kind of energy out there, something I, can, I, can, I just hear that again.<br \/>\n16:57<br \/>\nJames, I had no money as I was negotiating these deals, and you had no idea where you\u2019re gonna get it from now, but you knew that it was going to be there And you went ahead and work the deal.<br \/>\n17:09<br \/>\nYes, I hear this every time, but I don\u2019t have the money. Or it\u2019s in your mind, and you don\u2019t say it.<br \/>\n17:14<br \/>\nAnd that doesn\u2019t matter, because there is money. It really doesn\u2019t.<br \/>\n17:18<br \/>\nAnd if you read enough books, like, I\u2019ve read some of the grades, and I\u2019m not going to get political or religious. But I\u2019ve read books, people doing the thing that I would like to do in a different domain, maybe real estate or whatever.<br \/>\n17:31<br \/>\nBut, um, I find that most of the time, these deals are done.<br \/>\n17:36<br \/>\nAnd contracts are signed before the banks even brought into the situation.<br \/>\n17:41<br \/>\nYeah. Once you, once you do one deal, or once you close.<br \/>\n17:44<br \/>\none thing, it\u2019s not, it\u2019s not even an issue, an issue, right. Because there\u2019s like OK, we\u2019re going to make a return on this deal.<br \/>\n17:53<br \/>\nSo, OK.<br \/>\n17:54<br \/>\nSo I met, I met an underwriter and the crazy thing is, like I was talking to and saying, like, look, this is where I am, I don\u2019t have a lot of conventional assets. What I do have is Stellar Credit, because that\u2019s just one of the things I was, I was a credit hacker last year, and I thought, OK, figure out how, how it works.<br \/>\n18:19<br \/>\nThey turned out, I was able to get, like, really high scores in the course of the month. Now, don\u2019t, don\u2019t let this be an excuse for you all listening to this. Oh, well my credit, it\u2019s not good. Yeah, that\u2019s my, excuse, right.<br \/>\n18:31<br \/>\nWell, yeah, OK, so this this Underwriter three Cs, I said, either have the credit business revenue or, I mean, though, they\u2019ll land on the Linda, I\u2019m pretty much. Don\u2019t lend on revenue.<br \/>\n18:45<br \/>\nCash flow, yeah. But credit helps, and cash helps and cash flow helps.<br \/>\n18:49<br \/>\nRight, yep, Um, so, but keep in mind, like, you\u2019re right, you don\u2019t have to have credit because what they, before I get down, um, not, I didn\u2019t have the cash. Then.<br \/>\n19:03<br \/>\nSo it\u2019s being with the underwriter and basically what they do.<br \/>\n19:08<br \/>\nThey, they can hold people\u2019s credit with softballs and calculate how much funding total they can give you before they actually go and do it.<br \/>\n19:19<br \/>\nThey have a network of, like, thousands of banks, a lot of credit, because most of the only hear about the big things.<br \/>\n19:27<br \/>\nBut keep in mind, credit unions and community banks, they need to have assets as well. Or they, they will, they\u2019ll go under.<br \/>\n19:34<br \/>\nSo what they do is they it\u2019s not a shopping approach, is they\u2019ll stagger applications once you go under contract.<br \/>\n19:44<br \/>\nFor example, they\u2019ll say, hey, we know that we can get you $2000 based off of itself.<br \/>\n19:50<br \/>\nDo you want us to proceed?<br \/>\n19:52<br \/>\nAnd you sign a contract, and then they go to work.<br \/>\n19:56<br \/>\nAnd basically, they act as intermediary between you and the banks.<br \/>\n20:02<br \/>\nSo, those set up, like, a lot of communication, And one thing people should know is, like banks, you have to tell them certain things, not because I\u2019ve had a banker the banker himself.<br \/>\n20:16<br \/>\nThat was helped me get to one of the numbers.<br \/>\n20:19<br \/>\nAnd so, you\u2019re saying, I said, look.<br \/>\n20:23<br \/>\nIf I give the seller to help me do webinars, the banknote, um, in less than six months, he said, limitations Never pay off in Islam, are the fleets.<br \/>\n20:37<br \/>\nThat is a waste of depth.<br \/>\n20:39<br \/>\nNow, now, hold on a second. A banker told you that. a banker told not some guy in Florida named John, Jay.<br \/>\n20:45<br \/>\nIt\u2019s the banker, says, I don\u2019t pay off your bank loan early. Yes. And and and because it\u2019s a bad use of capital. Right. Yes. He said the exact He said that exact thing because it\u2019s a battery capital. When you go to buy assets, it isn\u2019t all the different worlds. Just pretend you\u2019re on a different plan. It\u2019s different than buying a house or buying a car. That\u2019s, that\u2019s just totally differently.<br \/>\n21:08<br \/>\nWhen the bank knows that buying assets, they\u2019ll tell you, you know, you use all that money to mix business, or the investment doesn\u2019t care wonder.<br \/>\n21:17<br \/>\nAnd then pay us back.<br \/>\n21:18<br \/>\nWhen you sell an aside, I could\u2019ve taken off your upside.<br \/>\n21:22<br \/>\nAnother thing, like a business, you could buy business for 100 grant and improve their revenue, one to $2000.<br \/>\n21:29<br \/>\nFor someone like me, I can do that with just, I\u2019m making, switching the service to a company that I have a special relationship, that, one to $2000, an extra profit, to make $100,000, because it\u2019s good to learn.<br \/>\n21:43<br \/>\nMillion dollar business in less than six months. one of the, one of the businesses that I had come across with, this is, that exact exam.<br \/>\n21:53<br \/>\nSo, so you had, you qualify for some loan money. You acquired the asset, What kind of business is it?<br \/>\n21:58<br \/>\nSo this is, this is a software as a service.<br \/>\n22:04<br \/>\nSo I don\u2019t want to get your team set numbers.<br \/>\n22:07<br \/>\nBut I say, OK, the sellers, there\u2019s a technical and marketing seller that they just had a change of heart. They want to do more humanitarian, political, military type skills.<br \/>\n22:21<br \/>\nSo, they are willing to let the business go for less than what it was valued at.<br \/>\n22:26<br \/>\nOK, So I\u2019m coming, but now and here\u2019s here\u2019s another kind of icing on the cake a deal right before this built through.<br \/>\n22:35<br \/>\nI was out bed by other people, But this guy has an ending relationship What to do Who actually wants to partner with the business technology? They\u2019d like it that much mm, hmm. Hmm, OK.<br \/>\n22:50<br \/>\nAnd I\u2019ve just like, Why are you, why are you leading? It\u2019s like, it really is is the mindset We just we don\u2019t want to do this Yeah, and they\u2019re out there.<br \/>\n22:59<br \/>\nYou just have to shop around and to get the deal that works, and that one seems to be a home run And Yeah, it sounds like this could turn into like a multi-million dollar income.<br \/>\n23:08<br \/>\nSounds like in less than a year, If you want to do a follow up we can I tell like I\u2019m bringing out a buddy of mine LA.<br \/>\n23:18<br \/>\nMillimeter, I said, Look, we could sell, I\u2019m OK with that because I have a better understanding of topics.<br \/>\n23:26<br \/>\nYeah, I\u2019m not afraid of that. And now like now it\u2019s, it\u2019s hard for me to see. This is all just that win-win.<br \/>\n23:33<br \/>\nSo one of the things I would like for your clients to note is this, my Underwriter said look.<br \/>\n23:40<br \/>\nJust a little tidbit of information that I had, she\u2019s a credit hacker as well. She said, hey, I do this to actually just an Iraq there that they\u2019re looking for.<br \/>\n23:52<br \/>\nSee, just bought two serious brands.<br \/>\n23:56<br \/>\ndoing the same thing, Great, not one, but two.<br \/>\n24:00<br \/>\nBut yeah, Yeah, because when you\u2019re using other people\u2019s money. Now, you didn\u2019t You didn\u2019t come off all your savings, right for this deal.<br \/>\n24:07<br \/>\nYou finally got what did, how did you pay for it?<br \/>\n24:12<br \/>\nI did, I use none of my money.<br \/>\n24:15<br \/>\nNow, that\u2019s amazing, so what, OK, what\u2019s this asset worth? What\u2019s it producing for you?<br \/>\n24:21<br \/>\nLet\u2019s see.<br \/>\n24:21<br \/>\nSo it\u2019s worth I will I will pay.<br \/>\n24:25<br \/>\nI\u2019ve negotiated to put about 60% down.<br \/>\n24:30<br \/>\nI\u2019m holding back the rest of it and then I I, I negotiated that.<br \/>\n24:36<br \/>\nI\u2019ll pay so total compensation for about $2000.<br \/>\n24:43<br \/>\nBut, how much? OK, but I\u2019m only put in 148 down, you\u2019re putting 140 down, but that\u2019s not coming out of your pocket the right. No service, the underwriter.<br \/>\n24:52<br \/>\nThey can once you sign a contract, you will see that finds hit your account within 2 to 3 days. OK, so the bank helps you with the down payment and the seller finance any of that.<br \/>\n25:03<br \/>\nUm, yes. So I did, a six month old backwards, just means I want to wait six months, put some of the risks back onto the seller, and also I have negotiated terms to say, Hey, I\u2019ll give you the final six or final day.<br \/>\n25:22<br \/>\nOnce the revenue is 30% greater than what it was close, and we\u2019re looking to close actually a weekend. So that makes him bet on himself. And good seller will say Yeah. I guess I\u2019ll do that. Sure he will. He wrote really flinched that much. Well it\u2019s actually and I learned this rubbing elbows with other other business owners said, if they don\u2019t, they feel uncomfortable doing that and they don\u2019t have faith in their own, right? Yes.<br \/>\n25:47<br \/>\nSo, even if you don\u2019t even need that, the whole back deal asked for it, to see what his reaction is going to be. It\u2019s kinda like playing poker. He says, yeah.<br \/>\n25:55<br \/>\nAnd I did, I just, I kind of also, I think the lucky part is, he wants to succeed.<br \/>\n26:02<br \/>\nSo, one of the contingencies is this, we\u2019re signing, we\u2019re going to sign a sign with Amazon within 2, 2 months of closing.<br \/>\n26:12<br \/>\nAnd that\u2019s going to be great, Ridiculous.<br \/>\n26:16<br \/>\nAlso, notice they do, they do webinars in the webinars alone, probably bring in like 50% of the business value, that we can, that they run webinars, and I\u2019ve already mentioned them to do a webinar every other month or at least eight. So it\u2019s like it\u2019s going to be painful. That is fantastic, OK. So, so, a couple of questions.<br \/>\n26:38<br \/>\nAll right, you had, you had use your credit, you went through this whole process, and then you were saying on our call previously, uh, whoever was involved with the financing aspect of it, said to you that she could set you up with a line of business credit in six months, that\u2019s worth a lot of money that you can expand. What was that?<br \/>\n26:57<br \/>\nOK, and so this, this company, which your class will have access to They, what she does is look also?<br \/>\n27:07<br \/>\nOh, I gotta push for this a little bit about it, if you don\u2019t know about it, um, I don\u2019t know go that route, but this is an option.<br \/>\n27:15<br \/>\nBasically, regardless of what I put down, the money that I spent, the revenue of this business probably brings in about 10 to $13,000 a month, and it runs at 8% margins.<br \/>\n27:30<br \/>\nSo, it\u2019s, it\u2019s, it\u2019s pretty healthy.<br \/>\n27:32<br \/>\nI\u2019m already, but in six months they can also set up to have about think the last somebody close up to half a Mil and business credit lines, that don\u2019t have a PG or personal guarantee for those.<br \/>\n27:47<br \/>\nRight. Exactly, OK. So, you start out with the personal guarantee. You get it going, and then you rifai out of that. So, now it\u2019s all on the business, and you\u2019re not the personal guarantor anymore.<br \/>\n27:56<br \/>\nExactly.<br \/>\n27:57<br \/>\nAnd I, and there\u2019s all, I mean, before you even get to that point, there\u2019s other could. so with that. If you tried to do that at the bank, it\u2019s going to take 45 day process.<br \/>\n28:06<br \/>\nBut places there\u2019s places online before you can get to this underwriter abhijit, where they just, they connect to your bank account and just look at the past three months of revenue. Yup.<br \/>\n28:19<br \/>\nAnd they only need to see $4500 in revenue, Not even just revenue before they asked any income, right?<br \/>\n28:26<br \/>\nSo if you\u2019re just, you set up a corporate account and you put five grand a month in there, And what if you just if you spend it, does that matter? They just want to see deposits.<br \/>\n28:34<br \/>\nThey just wanted to see deposits now I\u2019ll say this when whenever you go to buy the business, and in today\u2019s age.<br \/>\n28:40<br \/>\nThis is easy, Make Sure You\u2019re not like spinning up a new Stripe account a lot of these bits, right? Yeah, right?<br \/>\n28:48<br \/>\nWhat you should do is say, Hey, I want all the financial history so I want to take over your stripe account. Yes, I don\u2019t I don\u2019t actually advocate buying a business that\u2019s less than a year old.<br \/>\n29:01<br \/>\nI think it should be for business credit purposes and all that. Yeah, it makes sense.<br \/>\n29:05<br \/>\nBut, um, so what they\u2019ll do is like, Oh yeah, we you will own the Stripe account or whatever account and you just switch your e-mail address and switch where the payment, what\u2019s bank the payments are, right?<br \/>\n29:17<br \/>\nSo then once you close, you can then immediately go to, know these new boutique business credit lending firms online like Cabbage or Glue Buy and then immediately know and say, hey, here\u2019s my Business Scrap account Or my PayPal account what can you do in terms of credit line?<br \/>\n29:35<br \/>\nLike I said, it\u2019s launching. So they\u2019ll look at the account that\u2019s already been there for a year, two years, and say, Yeah, you\u2019re good to go. Here\u2019s $200,000 more better.<br \/>\n29:43<br \/>\nSo you, and mind you, if you put pushes into an LLC, what you should do immediately upon closing on buying a business like this, Adding, adding a 100 to $200,000 in business credit to a business means that you can immediately go and resell that on Empire Flippers or life, 40 to 50%, more than what you just bought.<br \/>\n30:07<br \/>\nThat\u2019s another thing, that\u2019s the secret. That is so amazing. Do you think, OK? Do you think it\u2019s easier to buy a business now that you\u2019ve gone? You have the experience, so let\u2019s just say you have this experience now.<br \/>\n30:18<br \/>\nNow.<br \/>\n30:19<br \/>\nWhat\u2019s your attitude about buying the next business compared with the difficulty of buying a house?<br \/>\n30:26<br \/>\nI mean, so far, the business easier.<br \/>\n30:28<br \/>\nIt\u2019s easier because the banks want you to, they want you to have the, they want you to buy an asset. Because they\u2019re going to make money, it\u2019s an asset.<br \/>\n30:35<br \/>\nThey don\u2019t mean they\u2019re going to sell you. They\u2019re gonna help you buy a house, too, but they know that your your revenue is not coming from the house is coming from your job.<br \/>\n30:44<br \/>\nBut the business, yeah, it seems like it would be easier.<br \/>\n30:48<br \/>\nI think something really clicked for me. It was maybe two months ago.<br \/>\n30:53<br \/>\nI I used to work at Rackspace as a pretty big posting.<br \/>\n30:57<br \/>\nThat\u2019s the developers left when I did.<br \/>\n31:00<br \/>\nAnd I reached out to them and said, Hey, what do you do, analyze your company. What this job actually, demand.<br \/>\n31:07<br \/>\nI just bought it for a few stores.<br \/>\n31:09<br \/>\nHe still, he still works.<br \/>\n31:11<br \/>\nYeah. It\u2019s a big tech firm, and I had no idea even thinking about doing something like this.<br \/>\n31:17<br \/>\nI just bought this, this an E grocery store in West Texas, and I went into a grocery store, at least the spinning up a website to go along with some other things. He\u2019s keep leveraging this software engineers.<br \/>\n31:30<br \/>\nThat way and you said, Look, I bought this $240,000.<br \/>\n31:38<br \/>\nIt makes $11,000 in profit.<br \/>\n31:41<br \/>\nI don\u2019t have to do anything.<br \/>\n31:44<br \/>\nAnd he actually E went directly through the cell.<br \/>\n31:48<br \/>\nAnd, OK, the seller actually finance the entire purchase. Oh, my God. He only had to put down actually. I misspoke. He put down 20%.<br \/>\n31:56<br \/>\nSo just like buying a house. Yeah. And because we\u2019re saying like, What\u2019s, what\u2019s new? And I said, yeah, I just bought a house, too.<br \/>\n32:03<br \/>\nuh, last year and I spent more than you did, and it\u2019s not paying me. Exactly, exactly, that\u2019s just when it clicked.<br \/>\n32:11<br \/>\nfor me, It\u2019s like this is not, it\u2019s not if you should do it.<br \/>\n32:15<br \/>\nIt\u2019s, Wow, it\u2019s not, There\u2019s less risk in doing this than trying to put your money in the stock market. And Oh, absolutely! What if you, What if you did this instead of, buy a house, right?<br \/>\n32:29<br \/>\nYou buy a business and then use that money to buy the house, would that make better sense?<br \/>\n32:34<br \/>\nSo about that, you close your closing the business, because, remember, I now have a lifetime relationship closing, the business, It\u2019s six months.<br \/>\n32:46<br \/>\nYou have a choice, You have another half million dots, some people would pay off the personal debt, or pay off the business debt, or, and here\u2019s my plan, there\u2019s also content or blog businesses that you could buy that would be centered. Synergistic relationship, right.<br \/>\n33:08<br \/>\nIt does go for less money, but they\u2019re just, they\u2019re just, they just sit there and sure.<br \/>\n33:14<br \/>\nSo with, with your extra business credit, what you could do?<br \/>\n33:20<br \/>\nYou bought your first business, It\u2019s gone on.<br \/>\n33:22<br \/>\nYou should.<br \/>\n33:23<br \/>\nI would add, again, this is by one, or two, or three more businesses, all of which are two years old. They prove themselves to have clients.<br \/>\n33:36<br \/>\nI have a client base.<br \/>\n33:37<br \/>\nWith all of that revenue, it doesn\u2019t matter what you needed to buy, quote, unquote, need to buy, right. You will be able to purchase it because you have.<br \/>\n33:46<br \/>\nyou got eaten Because e-bay had the revenue to say, hey, yeah, I\u2019ll give you 10% down just about us and you can pretty much make your deal. I mean, they\u2019re going to work with you. And that\u2019s an excellent way to diversify. And I\u2019ve heard, heard people misuse this term so much about, They think, that diversify means spread your money all over the place.<br \/>\n34:07<br \/>\nAnd that\u2019s not what it means, it means, invest further in the area where you\u2019re already invested.<br \/>\n34:12<br \/>\nSo if you bought a business, and then, like you said, you acquire some other ones that are synergistically position two, maybe help that first business out in some way, or partnership, or something, Or it has resources that can be used.<br \/>\n34:24<br \/>\nYou would invest in those, as well, And then that would expand your portfolio in that area, and you have knowledge in that area. So that\u2019s how you would diversify.<br \/>\n34:32<br \/>\nYeah. I agree. And I\u2019ll say this.<br \/>\n34:36<br \/>\nWe had extra revenue.<br \/>\n34:37<br \/>\nTime is like encrypted days now.<br \/>\n34:40<br \/>\nI now can, but let\u2019s put another one thousand dollars.<br \/>\n34:43<br \/>\nIt doesn\u2019t hurt me, because it\u2019s not my day-to-day job, but, yeah, it\u2019s coming from business and say always that, You can always It\u2019s easier to expand on you have Mitel, Teachable, like, Increase your income first, before you try to lie, get into too many different.<br \/>\n35:03<br \/>\nWell, Davis, thank you so much.<br \/>\n35:04<br \/>\nI don\u2019t want to go more, \u2019cause I want y\u2019all to listen to this and maybe play it again. Let it digest. Well, in, thankfully, for Jay was he\u2019s willing to do another interview, will probably end up doing that. It\u2019s exciting.<br \/>\n35:14<br \/>\nIt\u2019s really exciting to see someone succeed and do so well and On its own and now he\u2019s not on his own.<br \/>\n35:21<br \/>\nAnd he started out by himself pretty much, and now he\u2019s He\u2019s got a team already. He\u2019s got people. you can call up.<br \/>\n35:26<br \/>\nHe wants to So thank you so much, Davis. I appreciate all this information. I hope everyone else does and we are going to if it\u2019s OK with you, Davis, maybe put a list of references if you wanted to.<br \/>\n35:38<br \/>\nNot give out your trade secrets, but, you know, maybe some couple of things people can look at for themselves. And I\u2019m open to that. A lot of people say I share too much sometimes.<br \/>\n35:48<br \/>\nI don\u2019t think it\u2019s a zero-sum game. I agree. Yeah, I agree.<br \/>\n35:53<br \/>\nI share stuff more than people in my partner station and told him that you know, But I feel like, you know, if you want to compete with me, come on, If I\u2019m, you know, so that\u2019s fine.<br \/>\n36:02<br \/>\nBut, yeah, we\u2019ll put that up there and we\u2019ll we\u2019ll compile all this data this video, and with the other things, too.<br \/>\n36:09<br \/>\nSounds good. It\u2019s been a pleasure. Thanks for having me.<br \/>\n36:11<br \/>\nI love the next interview: I\u2019ll probably be saying, hey, I leveraged myself into a few big corporate real estate, it\u2019s so fantastic.<br \/>\n36:23<br \/>\nStraight from Davis. Thanks so much, I\u2019m going to cut off now.<\/p>\n        <\/div>\r\n    <\/div>\r\n\r\n    \r\n<\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2591c81 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2591c81\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-0b6ba1f\" data-id=\"0b6ba1f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6fb3d08 elementor-widget elementor-widget-spacer\" data-id=\"6fb3d08\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-e7a9f1a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e7a9f1a\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1b06713\" data-id=\"1b06713\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2bfcb3a elementor-widget elementor-widget-text-editor\" data-id=\"2bfcb3a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>We are discussing how he was able to buy a $200,000 online business and have the seller lend him 40% of the asking price, the broker get him a commercial lender for the other 60% and begin netting $13,000 per month from the first month he owned it. Lender also asked about financing him out of his personal guarantee in six months with a new $500,000 commercial loan and no guarantee (on the presumption that he would buy more assets).<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6afa498 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6afa498\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b6b0823\" data-id=\"b6b0823\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7244415 elementor-widget elementor-widget-spacer\" data-id=\"7244415\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-e3d35f9 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e3d35f9\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-01b6169\" data-id=\"01b6169\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-61e0ace elementor-widget elementor-widget-text-editor\" data-id=\"61e0ace\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><strong>Summary<\/strong><\/p><p style=\"padding-left: 40px;\">1. John Jay interviews JV, a student who bought a $200K business with no initial money, offering insights into his successful journey.<br \/>2. JV highlights his background as a software engineer and familiarity with asset investment from reading Robert Kiyosaki&#8217;s series.<br \/>3. JV explains that John pointed him towards online businesses and he began researching different brokerages or marketplaces.<br \/>4. Initially, JV looked into buying physical businesses like gas stations, but eventually turned to online business acquisition.<br \/>5. JV used online marketplaces like Exchange Marketplace and brokerage firms like Empire Flippers to identify potential acquisitions.<br \/>6. JV followed certain investment rules, including that the gross income of the business should typically be able to pay for its purchase price within a year.<br \/>7. Despite facing some failures initially, JV learned from each experience, improving his negotiation skills and expanding his network.<br \/>8. JV shares how he managed to acquire a business through leveraging credit, even without the cash on hand, countering the common misconception that one must have money to start a business.<br \/>9. The acquired business was a Software as a Service (SaaS) business, sold for less than its valuation because the previous owners wanted to pursue different interests.<br \/>10. JV concludes that buying an established business is easier than buying a house, as banks are more willing to lend for assets that generate revenue.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a0e7ee0 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a0e7ee0\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-411cb44\" data-id=\"411cb44\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>U15 &#8211; Interview with student who bought $200K Business with no money<\/p>\n","protected":false},"author":131,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[124],"tags":[],"_links":{"self":[{"href":"https:\/\/privacyfight.io\/wp-json\/wp\/v2\/posts\/11611"}],"collection":[{"href":"https:\/\/privacyfight.io\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/privacyfight.io\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/privacyfight.io\/wp-json\/wp\/v2\/users\/131"}],"replies":[{"embeddable":true,"href":"https:\/\/privacyfight.io\/wp-json\/wp\/v2\/comments?post=11611"}],"version-history":[{"count":6,"href":"https:\/\/privacyfight.io\/wp-json\/wp\/v2\/posts\/11611\/revisions"}],"predecessor-version":[{"id":25222,"href":"https:\/\/privacyfight.io\/wp-json\/wp\/v2\/posts\/11611\/revisions\/25222"}],"wp:attachment":[{"href":"https:\/\/privacyfight.io\/wp-json\/wp\/v2\/media?parent=11611"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/privacyfight.io\/wp-json\/wp\/v2\/categories?post=11611"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/privacyfight.io\/wp-json\/wp\/v2\/tags?post=11611"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}