Comments on: Seller Financing Pays

By: Short sale in San Diego

Short sale in San Diego — Thu, 22 Jul 2010 23:39:13 +0000

@Marco I know what your mean. In todays economy its hard to find a job that pays good and is consistent. I have discovered that if you just work hard and are consistent you can succeed. Look at the author of this page , they are oviously hard working and have just been consistent over time and are now enjoying at least what would appear as somewhat of a success. I would encourage everyone to just keep hustling and moving forward.

By: Ty Upshaw

Ty Upshaw — Fri, 23 Apr 2010 00:51:10 +0000

That was quite a creative deal using the company’s outdated truck inventory to raise capital..Nice!!!…I have personally found out through trial and error LOL,,,,that lenders will undoubtedly respect you more when you present them with a formal loan proposal package that contains all the needed bells and whistles that are tail tail signs of investors that know what they are doing. You need a viable business plan,,an exciting executive summary,,,Bio’s of a seasoned management team that will run your business,,,,lenders need to know that you are fully educated and understand what you are embarking upon,,,,and they want to know that their money loaned to you for your business,,, will be paid back,,,,Bottom Line…..we entrepreneurs should educate ourselves every minute we can on finance, investing, business ownership, management ect….consume it all and you will find that compounding not only applies to finance,,,,it also applies to learning,,,,,,thanks,,,,,Ty Upshaw / Investor/ Entrepreneur

By: Anthony N

Anthony N — Thu, 11 Feb 2010 04:36:48 +0000

Interesting…. Not sure if we can believe it all but interesting….

http://www.sba.gov/idc/groups/public/documents/sba_homepage/sba_rcvry_factsheet_cre_refi.pdf

By: Bill

Bill — Thu, 07 Jan 2010 14:45:03 +0000

Money is still tight out there and unconventional creative financing is the way around some of these lender demands

By: Business Buyer Advocate

Business Buyer Advocate — Tue, 05 Jan 2010 16:24:45 +0000

What is a normal down payment?

Let’s put the facts where they belong, which is what the typical seller expects — not what the buyer wants.

Most business buyers want to know what’s a normal down payment.

As a Business Buyer Advocate ®, I always ask:
How much money do you have to put down to buy a business?

And then I say to the potential buyer:
Most sellers won’t accept a down payment less than one to three times the first-year salary plus pretax net business profit you expect from a business.

If you don’t have that amount of money to invest, and assuming you can find a seller that will accept what you offer, you’ll pay top dollar for the business if it is a mature, profitable business for sale.

Would you like a useful tip on this?
The larger the down payment, the lower the price.

Our Authorized Business Buyer Advocates show buyers creative financing so buyers minimize the cash from their pocket for the down payment, yet (sometimes) the seller can get a huge down payment. In business, you use either your money or other people’s money. 500 of our creative financing ideas are in our book: “How to Get ALL the Money You Want for Your Business without Stealing It.” Link for the book: http://www.partneroncall.com/PDF/BookOrderForm-CreditCardAuthorization.doc

By: David Proulx

David Proulx — Wed, 30 Dec 2009 14:02:20 +0000

Beware of the many ” professional financial” company’s out there that require all sorts of up front fees and charges like Remmington Financail in Col. they are really “professional Scam” artists.

By: David Proulx

David Proulx — Wed, 30 Dec 2009 13:58:38 +0000

Beware of the self professed finance companies like Remmington Financial in Col. they will promise you anything and deliver you nothing and require all sorts of fees up front.

By: Cash Flow People Group

Cash Flow People Group — Wed, 16 Dec 2009 14:35:03 +0000

When looking to finance the purchase of a business at a leased location, look into the possibility of buying the building where the business is located. There are lenders that provide 100% financing for purchasing the building if you run your business from there. Revenue from other businesses leasing within the building can supplement or cover the cost of financing and will add to your bottom line. Existing building management and maintenance can also be retained.

By: Michael Ottjepka

Michael Ottjepka — Tue, 15 Dec 2009 03:51:23 +0000

It would be interesting to know the effect the present economy is having on doing these deals.
How have you shifted your tactics to adapt to the banking crisis? Any additional due diligence required due to the extra stress placed on the sellers?

By: Michael Ottjepka

Michael Ottjepka — Tue, 15 Dec 2009 03:33:53 +0000

‘People who KNOW how do these deals everyday.’ Very nicely done. So what do I/we need to do to KNOW
how to do these deals everyday?