How to Buy Distressed Assets, How to Network with Codie Sanchez | My First Million Ep. #176

Modular Homes

Modular homes present a unique investment opportunity, combining cost-effectiveness with rapid construction timelines. Codie Sanchez highlights the efficiency of modular homes, noting that they can be built in less than six months at about a third of the cost of traditional homes 1. This approach is particularly advantageous in areas with challenging weather conditions, as the homes are constructed in a controlled environment and then assembled on-site 1.

The economics are just so fascinating because our modular home will be built in less than six months. It's about a third of the cost.

--- Codie Sanchez

Codie also distinguishes between manufactured and modular homes, explaining that modular homes have a foundation and are built in pieces, making them similar to traditional homes in terms of stability and permanence 2.

   

Cannabis Investments

In the realm of cannabis investments, Codie Sanchez shares her journey and insights into this burgeoning market. She manages a $200 million private equity fund focused on cannabis, investing in companies with revenues between $10 to $50 million 3. Codie emphasizes the potential of cannabis as an emerging market, particularly for its psychoactive benefits and as an alternative to opioids 4.

We invest in companies that do like, ten to $50 million in revenue, largely. It's called Entourage Effect Capital.

--- Codie Sanchez

Her approach involves identifying early opportunities in markets that others might overlook, leveraging her expertise in both cannabis and micro private equity to capitalize on these investments 4.