alex_g

What about a higher property tax if you are not living on the property for more than x days a year?

Absolutely, that’s why I tried to frame it as high to most but not everyone.

In regards to being cheaper to buy than to build, that’s certainly possible. Depends on your skillset.

What is the app?

All valid reasons, but I think my point was moreso if they find themselves posting on MicroAcquire, they will likely end up in my #3, whether they intended to or not, and rightfully so.

No shame in my #3 above. I'm not an expert, but typically multiples range from 1-4x annual profit, but I've heard through the grapevine that some folks are paying 5-10x. So absolutely list on MicroAcquire.

If it's very profitable, then they might consider talking to FEInternational (or another firm like them). They take a cut, though. But they do pay referral fees, so make sure you get that cut!

Edit: Before someone says I'm crazy for saying things sell for 1x annual profit, I'm not saying that's typical for a brilliant business. It's more typical for something with heavy maintenance, or with really low profits. If you're really interested, check out the link in my bio.

Yeah that's messed up. Any time you're buying anything, but especially a business, you need to do your due diligence.

Perhaps I'm naive, but I think your risk in buying a business goes down if the current owner under-appreciates what they have, and you have the skills to do it better than them.

If you're interested in buying and/or selling small projects, you can typically expect to pay more than $5k for something that's making any consistent amount of money.

You're also unlikely to find a great deal on a really special project on a marketplace. People who post on marketplaces like Flippa or MicroAcquire or SideProjectors (there're dozens of them) have either:

1. Realized the time it takes to maintain is not worth the revenues/profits

2. Realized the income is not sustainable and are trying to cash out at the end of a great run

3. Realized that some folks are willing to pay very high multiples and will list their projects at prices most (but not all) people will balk at.

If you're really interested in taking over a project that's profitable, network with people, do cold emailing, and find opportunities to take over projects that the owners are simply not interested in any more.

In other words, look for the elderly couple who is ready to move on from owning their profitable, outdated shop.

This is totally off topic but I'm a huge fan of your work!

Me neither.

This 1000%.

I was an ML engineer, and to me it was far more about data management/cleaning than nitty gritty algorithms improvements, but that's definitely not industry standard.

I've also found "Product Engineer" job listings to range from essentially just a backend engineer to a product designer who codes.

This is really cool! Clearly a lot of thought went into making it.

That said, I feel like the otters could have just made a bulletin board to solve their problem

This beautiful but 5 minutes in and my 2015 macbook pro cannot handle it.