Business and Investing18 Jan 2023

A Lesson in Due Diligence and Where We Have Lost a Lot of Money

EP 088: After buying the house with some illegal renovations, it was time to update my due diligence process.

The stupid tax bill was only getting bigger as the years went on…

When updating my process, some things stood out.
(That might be helpful for you.)

In this week's episode of the podcast, I want to take you through parts of the updated process.

Specifically, the areas of due diligence that are critical to bringing down your stupid tax.
The areas to put extra effort and pay particular attention to.

This episode is for you if you want to pay less stupid tax and level up your own due diligence process.

Episode Highlights:
00:00 Welcome to Business and Investing
02:03 Why you shouldn’t skip doing due diligence
08:42 Being specific with your goals
17:05 How to know if your purchase is the right fit for you
21:43 Consulting people who have experience
28:13 Checking the financials of a business
39:41 Utilising the Internet for due diligence
48:04 Is the business successful enough in the industry?
53:30 External validation

If you enjoyed this episode, be sure to subscribe, tune in, and share this podcast!

Resources:
○ Business and Investing website: https://www.businessandinvesting.com/

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DISCLAIMER:
All information we share is NOT financial or investment advice and is purely intended for entertainment and educational purposes only. Always seek professional advice before acting on any financial decision.

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