“Does your underwriting allow you to lease up in six months? … A good model will ramp it up from 66% up to 90% over the course of six months.”
FP
Frank Patilano
Ironclad Underwriting Podcast ·
“…if they don't transfer, the money, there is a 90% penalty. So I can buy back their shares at the 90% discount.”
Giuseppe Balzano · Buyers and Builders · He's 30, Raised $25 Million, and Bought Two Boring Businesses | Giuseppe Balzano Interview
Play from 1:11:19
1:11:19
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What was described
Set up a shareholder agreement with a 90% penalty for non-transfer of funds, allowing the company to buy back those shares at a 90% discount
90% penalty, 90% discount
Said nearby on the same subject
“Working with activists… buying back shares at a discount, selling off non-core assets… shrinking the denominator improves returns”
DD
Django Davidson
The Master Investor Podcast with Wilfred Frost ·
“I decided to come back and do what they call a self-funded search… let's buy one company and let's see what happens”
GB
Giuseppe Balzano
Buyers and Builders ·
“You can avoid an underpayment penalty if you've paid… at least 90% of this year's tax liability or 100% of last year's liability… increases to 110% if prior year income > $150,000”
AK
Amanda Kish
Motley Fool Hidden Gems Investing ·
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