17:I[66739,["/_next/static/chunks/0.3dg.jzl0xwf.js?dpl=dpl_F1YwpydxFehTJxgSzTNBrUVRTQpv","/_next/static/chunks/0s3w63gp9~d8s.js?dpl=dpl_F1YwpydxFehTJxgSzTNBrUVRTQpv","/_next/static/chunks/0kllbnt_hzshd.js?dpl=dpl_F1YwpydxFehTJxgSzTNBrUVRTQpv","/_next/static/chunks/053zyoym-_i67.js?dpl=dpl_F1YwpydxFehTJxgSzTNBrUVRTQpv","/_next/static/chunks/0u2ayibg4ahb..js?dpl=dpl_F1YwpydxFehTJxgSzTNBrUVRTQpv","/_next/static/chunks/0i99rkyrer3ax.js?dpl=dpl_F1YwpydxFehTJxgSzTNBrUVRTQpv"],"default"] 19:I[38632,["/_next/static/chunks/0qqtp3r0h7kah.js?dpl=dpl_F1YwpydxFehTJxgSzTNBrUVRTQpv","/_next/static/chunks/0iukvycbd42rl.js?dpl=dpl_F1YwpydxFehTJxgSzTNBrUVRTQpv"],"IconMark"] 18:T43d,

Rick Schmitz was an inexperienced 22-year-old with no money when he acquired a run-down ski resort and turned it around.

Key points from Rick's story:

Rick Schmitz was a 22-year-old graduating senior uninterested in pursuing a career in finance.
He saw a small ski resort for sale in his native Wisconsin. It had been on the market (and losing money) for 5 years.
Negotiated the original list price down from $1m to $625k.
Most banks rejected him outright for a loan, but gradually he cobbled together the purchase price.
17 years later, Rick has acquired and operates 2 other resorts in the upper Midwest.

Reach Rick Schmitz at:

LinkedIn
His first acquisition, ‍Nordic Mountain

Official episode page & full show notes at AcquiringMinds.co:

How to Buy a Ski Resort at Age 22

How to Buy a Ski Resort (at Age 22)

Acquiring Minds

How to Buy a Ski Resort (at Age 22)