From Real Estate to Business Ownership: How Luke Built Wealth Through Smart Acquisitions - Luke McCarthy
Description
Episode Summary
In this episode of "What’s Your Deal?", Matt sits down with Luke McCarthy, a real estate investor turned business owner, to discuss his journey from flipping over 1,000 homes to acquiring local businesses. Luke shares valuable insights on transitioning from real estate to small business ownership, the power of recurring revenue, and the importance of community-driven business growth.
Whether you're exploring your first acquisition or looking for practical insights on managing a growing portfolio, this episode is packed with actionable strategies and valuable lessons.
Timestamps
[00:00 ] Welcome & Introduction
[02:06 ] Luke’s background in real estate and fix-and-flip investing
[10:10 ] Transitioning from real estate to small business ownership
[12:35 ] Acquiring a dog hotel during the pandemic — and turning it around
[14:26 ] Partnerships
[15:55 ] Buying a landscaping business — key lessons learned
[18:55 ] Managing old equipment and rolling stock in a newly acquired business
[20:58 ] Rewarding employees with better vehicles — a strategic incentive
[28:39 ] Why Luke focuses on family-owned businesses in his acquisitions
[30:21 ] Balancing entrepreneurship and family life
[33:30 ] The mentor who changed Luke’s career trajectory
Resources & Links
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