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Codie Sanchez

@Codie_Sanchez

May 4, 2021 • 8 tweets • 3 min read • Read on X

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Best way to make more $$, keep more of what you make.

If you own a property and pay taxes on it... You're gonna wanna read this bad boy. (earmuffs govt)

How to apply for and get agricultural tax credits by selling $1500 plants a year?

If you own a home in Texas let's say it's worth $1M.
You're paying almost $20k a year in property taxes. Yikes.

So when my bud Cody told me I'm an idiot and forgot something I listened....

He said you could get 25-75% off your tax bill by selling some leafy greens...

@baldridgecpa

Since Cody is no slouch - he runs multiple 7 fig businesses while hunting something like 200 days a year, my ears perked.

HE HAS IT FIGURED THE F OUT.

*then let us know what we missed* @baldridgecpa since you're the man on taxes!

So here's how I see it:
- You can do this w/ animals but ya know... those are work
- For a nursery you sell $1500 worth of plants a year to get the credit
- Aka not much to turn liability = asset
- could be a whole post on layering rev streams & tax credits on your casa

How Cody's playing it:
- Aspens in Montana (his home) sell for $400
- In Oregon sell for $100
- See if shipping costs/allowances are reasonable
- Then get pre-orders for trees in MT
- Ship when order big enough
- 300% arbitrage
- & write off his VERY large ranch property

How I'm going to play it?
- we're building a tiny house on 1 property
- I'm gonna add a tiny greenhouse ($600 on amazon)
- I inked a deal w/ my mom in law, she's the distributor
- started an etsy shop, she's gonna sell sucky's to the masses
- We need a name - ideas??

Long story short if I can make $20k from growing plants I now pay hundreds for a month... just call me Farmer Sanchez.

Also, we're dropping a thread a day for the next 30 days (generally on cash-flowing business ideas) so make sure to SMASH that follow button so you don't miss ANY of these

And check out my newsletter, link in bio ;)

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More from @Codie_Sanchez

Codie Sanchez

@Codie_Sanchez

Oct 9

The richest business owners I know all have one thing in common:

They built their business to sell it from Day 1.

Here are the 14 ingredients that turn any business into an asset someone will gladly pay millions for:

1. Exit-based goals

The first step to building a sellable biz - start with the end in mind.

Most founders think they’ll run their biz forever, then burn out and sell under pressure. Instead, plan the exit early so you sell on your terms.

My own framework for Contrarian Thinking:

Once you’ve set your goals, the next step is knowing what your biz is worth.

Most small businesses sell for a multiple of revenue or profit - think 2-3X profit for a laundromat or car wash… versus 10X+ for a tech company.

Your job is to nail down three numbers:

1. What your biz is worth today
2. What you want it to be worth
3. The plan to close that gap

The rest of these steps will help you do that…

Read 17 tweets

Codie Sanchez

@Codie_Sanchez

Oct 1

The most underrated superpower in business:

Attention.

I recently broke down how anyone can break into content on Jon Youshaei’s podcast.

9 nuggets everyone who wants to build a personal brand should steal:

The Rule of Thirds

Most people think creating content is a dream job. But the reality is:

- 1/3 of your time will be exceptional (you'll love what you do)
- 1/3 will be neutral (manageable, but unremarkable)
- 1/3 will be challenging (demanding, exhausting, overwhelming)

It's a continuous cycle.

When you're in the difficult phase, remember the next phase is coming.

The 3x3 Rule

The creators who burn out are those without systems.

They have to reinvent the wheel with every piece of content they create.

If you want sustainable output, use the 3x3 Rule:

If something has more than 3 steps AND you do it more than 3 times, document it as an SOP.

Read 5 tweets

Codie Sanchez

@Codie_Sanchez

Sep 27

Every week, we do live deal reviews in our business buying community.

And recently, we dissected a $2.6M offer for an accounting firm.

Here’s the breakdown (and how we determined whether it was a winner or a loser):

Here’s what the deal looked like:

- 3 locations
- $1.7M revenue
- $730K SDE
- Recent roll-up with zero integration

The seller had been busy buying up smaller practices but never actually combined them.

That means they’d be buying 3 separate entities, not 1 unified business.

I should mention that this isn't some first-time buyer gambling their life savings.

The buyer already runs a multi-site accounting operation and has closed 5 acquisitions in the space. They know exactly how to fold in offices and implement systems.

More importantly, they see the geographic play:

Read 11 tweets

Codie Sanchez

@Codie_Sanchez

Sep 17

I recently turned 39.

Here are 39 brutal truths I wish I knew at 20:

1. Choose your hard. If you don't choose your hard, hard will choose you.

2. Ask more questions. As Socrates said: “Smart people learn from everything and everyone. Average people learn from their experiences. Stupid people already have all the answers.”

3. Do whatever it takes

4. Chase purpose. A friend once told me: “I wish you not one penny over $299 million. Reality gets lost somewhere after that.”

5. Not every moment has to be productive. Silence is not your enemy.

6. Be bored more often

Read 17 tweets

Codie Sanchez

@Codie_Sanchez

Sep 16

The smartest youth are losing faith in traditional education.

And I don’t blame them.

Here’s why MBAs are rapidly declining in value:

(*and a breakdown of the “DOJO” model that’s replacing $100k+ degrees)

When Stanford GSB students say things like this, you know we've hit rock bottom.

That's one of the top business schools in the world being criticized by its own students.

If elite institutions are failing, what does that say about the rest?

Everyone loves to cite networking as the value of traditional education.

"It's all about the connections."

But technology has enabled new distributed networks that don't cost $250k.

The network effect is now a diminishing value proposition.

Read 16 tweets

Codie Sanchez

@Codie_Sanchez

Sep 6

Wall Street has one rule:

Never start what you can buy.

Here’s everything you need to know about buying a biz in 2025 (full guide):

While 90% of startups fail, 80% of acquisitions survive the first year.

88% of people worth $30M+ have done at lease one acquisition.

That means the best way to get rich isn’t to start a business like they love to tell us.

The best way to wealth with the highest degree of certainty is through acquisitions.

The average small business owner in the US is 67 years old. When you’ve run a business for 10+ years, you're bound to be exhausted.

These owners are motivated to sell by what I call the 7 D's:

- Departure
• Divorce
• Disease
• Disagreement
• Distress
• Death
• Dullness

They’re desperate to exit the game but don't know how. That’s where YOU come in.