Zero-Down Guru Sues to Hide the Truth! Clinton Lee RE Jonathan Jay Buy a business with no money

You’ve seen the offers and the claims.. can you really learn to consistently buy a business with no money?
Maybe someone, somewhere pulled it off… but the guru who claims to have done it many times and has taught many how may be lying about a lot.
This week, I interview Clinton Lee who got sued in court by Jonathan Jay for pointing out facts that Jay didn’t want revealed.
The bully-tactic backfired and today, Lee is sharing his story with the world and asking for your help to warn others.
Watch the amazing interview here now: • Zero-Down Guru Sues to...
We refer to these websites and more…
Clinton’s Linkedin Post referred to in the video: / clintonleeuk_onepoundc...
Buy a Business with No Money (real) info: www.investlocalbook.com/p/buy...
How to deal with the students of these programs as a business seller: ukbusinessbrokers.com/how-to-d...
Mike Winnet’s Contrapreneur video: • The Contrepreneur Form...
The Nursery World article about Welcome Nurseries (JJ’s bankrupt company): www.nurseryworld.co.uk/news/a...
Links to do business with me…
Learn how to buy a business in a risk-controlled way that makes sense www.BusinessBuyerAdvantage.com
Book a call with me at www.CallDavidBarnett.com
Join me on Twitter: / dbarnettmoncton
Books can be found in my Amazon store: www.amazon.com/shop/davidbarnett
Stop missing my new videos. Join my email list here: www.DavidCBarnettList.com

[@RoutetycoonVideos]

In case anyone is interested, David is referring to Cody Sanchez's video when he's talking about the laundromat. She basically talks about a cheap laundromat she's bought and then shows B roll of this glorious, and clearly far more expensive, laundromat. Technically, she didn't explicitly say they were the same place, but it's still somewhat implied.

[@DavidCBarnett]

Yes, there are more and more filmmakers on KZbin employing all the tactics of Hollywood.

[@cryptocarlitos]

Nothing against Cody but she sure makes it sounds so super easy and all that jazz. I loved how David broke down a laundromat deal. Totally opened my eyes.

[@solargiousa]

@@cryptocarlitoswhich video does David talk about laundromat s? Ty

[@rickc.3552]

I’ve been a broker since 1998 and if I had a nickel for every first time buyer came to me after being pumped sunshine by a Cody YT video, I’d be a billionaire.

[@hellennemontreal]

I can't believe a con artist, a scammer went as far as suing the person who exposed him and trying to make that very person endorse him in the end! It takes all kinds to make a world... Thank you for sharing!

[@thisisCL2023]

This is Clinton, thanks for your message. My exposure of his tricks was losing him customers and costing him money. So if he could scare me off with a big name lawyer, and intimidate me into taking my article down, that's what he was going to do. Bullying to get negative information taken down has worked for him no doubt in loads of other locations. Maybe just sending a threatening letter from a solicitor did the trick with many of them. The problem is that he didn't expect me to dig my heels in and say, "OK, let's settle the matter in court as to whether you're a con artist or not". A court ruling against him would mean EVERYONE could now call him a con artist publicly without fear of retribution. So he had to pull out of the case rather than take the risk.

[@DavidCBarnett]

Sadly, the cost of legal representation means that the court system can potentially be used as a bullying weapon.

[@MancheCourte]

@@thisisCL2023you’re very articulated

[@bob-nl4uk]

Thank you for talking about this! And a big thanks to Clinton for going through the lawsuit!

[@DavidCBarnett]

Yes, he's a superstar!

[@lukeschollmeyer8811]

Came to this channel by virtue of Codie's channel. Despite the "tough love" here, I find this information far more valuable in assessing the financial risk of buying a business rather than the sensationalism of "being a contrarian". Maybe if David would wear leggings more often or do his interviews from his bath....

[@DavidCBarnett]

Give me 12 more months of working out and weight loss and you're on!

[@cryptocarlitos]

​@@DavidCBarnett😂😂😂

[@LadyBuy-ey8re]

I love Cody's style, but absolutely agree that her information is very superficial.

[@bradrussell624]

Bottom line we live in a world that thrives in deception, everyone needs to step back and be sceptical

[@DavidCBarnett]

Yes!

[@Nonamethankyou128]

Great video David, i seriously considered Jonathan’s course.

[@DavidCBarnett]

Thanks

[@sechuan]

@@DavidCBarnett this is quite confusing, ive done his course, met him too, many of my peers are doing his method successfully, he never claimed to have a background in M&A

[@sechuan]

also its not needed to have a background to be successful, as far as i can tell from what hes said, he sold a business early on in his life and realised its the quickest strategy to wealth, and became an expert on deal making, i have a very successful relative who has never had a job, hes in his 50s and buys businesses for a living. hes also open about the fact hes not operationally gifted and is not good at running businesses, so always hires someone for it he repeatedly stresses not to do turnaround deals also i think for many of us the zero down isnt the defining factor, i understand i may have to put some money down but meeting like minded people at events, the course material etc has been immensely helpful

[@aaronlogan_music]

I saw a comment on one of Jonathan's videos that said, "How can I take your course for zero dollars down?"

[@DavidCBarnett]

See, his audience is already implementing the techniques.

[@carlaserra3438]

This video is fabulous! Today, I really needed some clarity so thank you for your work!!!

[@DavidCBarnett]

I'm happy to have helped.

[@hk5454]

this is incredible. Advice worth in gold. Thank you Clinton, David, for this informative discussion

[@DavidCBarnett]

Thanks HK

[@charlescooper300]

David excellent video. Another benefit that was not mentioned is how business owners like myself can spot these 1 pound charlies. I get dozens of them a week approaching me to roll up my business. This has wasted a lot of my time just unclogging my inbox from their non stop and increasing volume of nonsense. One of the earlier persons who approached me about rolling up the business, when checked online, his only experience was a regional mixed martial arts competitor with very few wins in the ring and no high school education (and a university degree from a university named after one of these no money down gurus. I question if it had any recognized accreditation).

[@DavidCBarnett]

Would you like a Masters of Business Administration from Barnett University? Just send me $1997...

[@ryantunison5433]

The only way to buy a business with no money down is with relationships. I have been provided 2 opportunities.

[@thisisCL2023]

This is Clinton. Yes, relationships is one. The other is to be a very, very credible party. So, for example, if Elon Musk wanted to buy your automotive business and offered you $1 for the business but a 50% share in future profit for the next 10 years, you'd probably take it. That's an extreme example. A more everyday example would be someone who has been extremely successful in your industry and grown several successful businesses in your sector or turned them around.

[@DavidCBarnett]

On my 'Buy a Biz with $0' page, there is an example of this outlined in one of the videos in which a long-time manager of a business was able to do a deal with the owner to buy it with no money. The seller leveraged the business and then sold the shares for $1 to his manager and remained on the bank loan as a guarantor to make it work. An exceptional situation between two men who knew each other for many, many years. See it here: www.investlocalbook.com/p/buy-business-with-no-money.html

[@lapserdak24]

Ah that's a good one. Thank you, Dave, Clinton

[@DavidCBarnett]

Thanks

[@TheTruthSeeker756]

Wow this is INCREDIBLE stuff and TERRIFYING. There are so many Con men out there and wars that we don’t even know about

[@julianathawes737]

David/Clinton. Thanks for sharing and more importantly, thanks for the hundreds of hours you have spent for no compensation, to bring this stuff to light. You have probably saved me £10K! (I have just ordered JJ's free book, so I was on the slippery slope!!) More importantly, I would be absolutely kicking myself; having built two, sold one and now thinking about buying another, I should know better!! Ready to spend my $100 on books, as Clinton suggests. 👍

[@DavidCBarnett]

Thanks. Yes, the world owes a debt to Clinton for his investment in doing what's right.

[@jimrice4068]

Great Video you guys 👌

[@DavidCBarnett]

Thanks

[@XCALIBURSHOES]

You can acquire companies and make good money. But you just have to be patient enough to find the ideal fit.

[@DavidCBarnett]

How long have you been waiting?

[@XCALIBURSHOES]

@@DavidCBarnett I'm not waiting

[@SteveMayzak]

I tend to trust people more when they tell me to not trust them and verify for yourself. Nobody will do your work for your money.

[@DavidCBarnett]

Business is an act of self-reliance.

[@DatsDoodoBaby]

So how do you feel in regards to the financing methods these gurus discuss, do they actually work? Asset based lending, seller financing, utilization of lines of credit already in the business, surplus cash towards payment, private equity firms, raising capital to fund the purchases, cash flow financing or SBA loans? Can you actually apply these or combo them for a business purchase? Also is there a link to the video that led to the lawsuit?

[@DavidCBarnett]

It was Linkedin Posts that led to the lawsuit. Take a look at my 'zero-down' page as I address many of these. www.investlocalbook.com/p/buy-business-with-no-money.html As for 'alternatives to bank loans' my Summer of Alternative Financing may be informative for you. See this playlist: kzbin.info/aero/PLqomziNDpylU_E-V_ucqPNrxCIhr1zWfy

[@darrenstango9376]

I'm quite glad I watched this video, I went to a property course ( PROGRESSIVE PROPERTY)here in UK where they tell the room ( we give you this, this, this, and this would cost 10995- but today only you can pay 2597 So I did ( still have the reciept) 4 months later I tried contacting them about getting a refund as I changed my mind) do you think I could get a refund NOPE it was like trying to get blood out of water, even the credit card company said it was a grey area about refunding ( courses) so I jut walked away paying that debt off 1 year later EVEN progressive property where trying to sell the ( pay 10k and you get more 1-1 help) and after talking to a few people who bought it I'm glad I didn't go any further

[@DavidCBarnett]

Thanks for sharing this. These types of operators often rely on people feeling ashamed that they made the purchase and not speaking out. It's great when people share their experiences. Thank you.

[@filmaker256]

I have heard you can use Collateral for a loan but they WILL still check credit.

[@DavidCBarnett]

Of course. Also, banks won't lend if you have no skin in the game. Even if you have great credit, if you want to borrow all the money you'll need outside collateral. That's why I say that $0 deals are possible, but not likely for broke people.

[@bacool]

It’s always the hypnotist and online marketers scamming people. Know several people like that who sell “high ticket courses” for stuff that have little real world expertise in

[@DavidCBarnett]

There are courses about making courses and the first thing they teach is to go find a book on the topic.

[@lunguyen1073]

I just recently have a call with this guy saying he is a broker but he was pitching me into his course of showing how to find and do analysis good businesses. I asked are you able to help me find a business to buy, he said no and he told me non of the brokers that are on the market will find me a deal. Then idk what a broker job is.

[@DavidCBarnett]

Brokers job is to find a business that wants to sell and then find a buyer for it. This is VERY different from what you put in your question. Not many brokers would undertake a search for you unless you paid them for their time.

[@cyrusjulian187]

Whew! At first I thought you were talking about Roland Frasier as I've learned a lot from him as well. Guess it's some other guy

[@DavidCBarnett]

You mean this guy? www.gripeo.com/roland-frasier/

[@PhilipHew]

Question: It seems statistically speaking that a lot of business struggle to sell and some end up closing - wouldn't it be better to structure a seller finance agreement to a new owner?

[@DavidCBarnett]

Maybe, some sellers would prefer the surety of liquidation. Also, why would a buyer want a marginal business? You need something that makes money.

[@PhilipHew]

@@DavidCBarnettthanks for the reply you always make me think about things from a different angle

[@JeromeBuvet]

You guys are Jelly

[@GaryStephenJones]

To be fair if you buy a business and that business has hundreds of thousands or even millions in property and assets then you can leverage that to buy a business for technically free. It's how the Glazers bought Man Utd FC. They did a leveraged buyout. Often you do it with bridging loan that you can clear the day of purchase

[@DavidCBarnett]

I'm not familiar with that deal. But you should check out all the videos and articles here to really get into why this may APPEAR to work in some cases: www.investlocalbook.com/p/buy-business-with-no-money.html

[@darktruth2699]

Who said to buy a business you need money, money is not mandatory in m&a . If you are using money to buy businesses, and other are not is that's a problem.

[@christianswanson7571]

Yeah but... I'm still buying companies for virtually no money down... so there's that..

[@thisisCL2023]

Awesome. But without names of the companies you bought, nor sight of the sale contracts, you must forgive me for being sceptical. ;) Listen, I hear this all the time. It's possible to buy a business with no money down but in very, very few circumstances. When it happens it's either the case that the business is a distressed business (99% of the time) or that you are a wealthy individual / someone with a ton of credibility in the industry who already owns numerous hugely successful businesses in the sector (or you can put up some solid security like a bank guarantee / property as collateral for the deferred payments). It's amusing how often I hear these stories from people like you. The latest is a guy called D Ludlow, a devoted pupil of Jonathan Jay's. He claims to be a big time acquirer using Jonathan's techniques to become rich. A local paper puts his worth as soon going to be £52 million: www.southwalesargus.co.uk/news/20967444.pontypool-business-fund-52-million/ It's a load of bullsh*t. These crooks even manage to get publications to push out articles like these (just like a nursery publication said that Jonathan Jay made £25m on his exit from Welcome when, in fact, he got £0). Don't believe everything you see online. D Ludlow's company history is available at Companies House. His TWO (not dozens and dozens) companies are worth a grand total of about £150K: find-and-update.company-information.service.gov.uk/officers/lPbuZKNLcCdcZBXbrPnmEt3SuCE/appointments That's a little bit short of £52m by my calculation. But give us your links and I'd be happy to check you out like I did with D Ludlow. Clinton

[@DavidCBarnett]

I've never said you can't. What I've always said is that it's virtually impossible for a broke person to pull it off and this is the prime audience for these programs. See all that I've put out on the topic here: www.investlocalbook.com/p/buy-business-with-no-money.html

[@christianswanson7571]

@@DavidCBarnett Ah, okay, that makes more sense, I was in a good position to negotiate for other non-cash considerations. It was a corporate carve-out and we took over some liabilities, so it wasn't "free."

[@samdavis5491]

Well that’s put a massive downer on things for me I did but into a mini course of Jonathan’s but not a lot however I did but into another course I was genuinely up for buying a business no money out of pocket what about Roland Frasier any reviews on him?

[@DavidCBarnett]

Google his name with 'SEC'

[@MrNatyLight]

👍

[@DavidCBarnett]

Thanks Naty

[@simong7735]

What I want to know then is who are the people who’ve used Jay’s mastermind course and bought businesses and are up on screen/stage who’ve bought businesses and seem to be doing quite well???😮

[@DavidCBarnett]

Great question.

[@dickieblench5001]

Er genuinely successful business buyers perhaps?

[@ismailh-dw4dh]

Probably actors

[@ravd8082]

jonathan jay is genuine

[@darktruth2699]

Who cares if have changed his profile, on LinkedIn is that a crime. I mean who does change LinkedIn profile, it's obvious that all f as we are selective on what we put on LinkedIn profile because we don't want to undermine our objectives or position ourselves wrongly.

[@finanzferdinand9874]

Jay is very convincing however he comes across as extremely sleezy, like a car salesman. So I found this footage hilarious.

[@DavidCBarnett]

People who want to believe will convince themselves that the strangest things are legit, I'm afraid.

[@finanzferdinand9874]

@@DavidCBarnett He has a very big brass neck. I stuck on a comment with his recent video in which he gives a presentation. I said "hypnotizing" and he gave it a thumbs up!

[@darktruth2699]

You said you are not competing with him, but you are an advisor in M&a. While Jonathan Jay is m&a guru and advisor by default. This is pure and direct competition. I think your are obsessed with him.

[@darktruth2699]

Who said he delete his marketing video, why not, is that a crime. Who don't delete staff that we post online. If you have problem with Jay go and have a tea with him, May that can help and reduce your chess pain. This interview is ridiculous and nonsensecally full of chest pain.

[@dickieblench5001]

These two look like a couple of washed up brokers who've never done a deal of their own 😂

[@DavidCBarnett]

Hmm. Ad hominem attacks instead of any kind of thoughtful comment. You must be a guru fanboy.

[@christianswanson7571]

And Jeremy Harbour still seems legitimate, so what do you have to say about that?

[@DavidCBarnett]

I don't know him, nor have I taken his programs. I have met people who have and have heard their feedback. My advice would be to be a studious and discerning consumer. Go to various online forums and ask for anyone who has taken his program and do telephone conversations with 6 of them. 3 who bought his course and did not buy a business, 3 who bought his course and did. Then make a decision. Be wary if any of them offer you some kind of sign-up offer or link. Many of these marketers offer affiliate incentives to their students in order to grow sales. This will bias a person's opinion, I estimate.

[@cryptocarlitos]

Nobody is throwing shade on Jeremy Harbor. He was mentioned only because Jonathan Jay took his course 3x. But as with anything, do your own research and vet these guys.

[@christianswanson7571]

I took his course (only once 😆) and I think he's legit... just wanted to see if others had opinions.

[@spo0ny2k]

Hi - I’ve paid for JH’s course. Do you recommend it?

[@christianswanson7571]

@@spo0ny2k it's great information that can change your life but only if you use it.

[@trujefe7367]

You should’ve joined the course to see for yourself, instead of looking at the outside and judging. The journalism is not strong in this one

[@DavidCBarnett]

The lawsuit was about the claim of having many years of M&A experience, not about the course content. Watch it again.