Hey BP,
Hope all is well!
I realize you all are very busy and you have a lot on your plate.
Your time is your most valuable asset you have and I respect that.
I wanted to personally reach out in hopes that someone would be able to assist with a conundrum.
I certainly don't want to waste it or interfere with your schedules, having studied marketing for the past few years, I understand the needs your business faces and the challenges that you have.
Perhaps you could recommend any investors that could facilitate this transaction.
For the past three years I've successfully studied & been involved with over 400 various industries as a designer & marketing consultant.
Currently, everywhere you look people are buying and flipping real estate.It seems everyone is buying a home, fixing it up a little, and selling it almost immediately for a sizeable profit.
We read about it in newspapers, online, and there were even television shows based on flipping houses.
The flipping real estate business model works great.
But here’s the good news for you . . .that same business model works in many other areas.
You can flip non real estate assets just as easily, maybe easier than flipping houses.
You can also use leveraged buy out techniques to alternatively buy & hold already existing businesses similar to properties also.
Through the use of transactional funding I've realized that I could borrow a $250,000 swing loan from a bank, give that to the seller in morning.That would make the business mine.
Then in the afternoon I could take all the assets that are in the business that I just bought and raise $360,000 (80% of $440,0000) the same day from an asset-based lender.
Then I could take $250,000 of the $360,000 and instantly repay the transactional loan.
Then, I'll have a $110,000 cash windfall in my bank account, which I could now use to run the business and pay myself a big bonus.
The double escrow basically enables someone to do this: I never touch the $250,000 of the down payment monies put into escrow by the lender.
The asset-based lender never hands methe $360,000 check.
They put their money into a second escrow that’s directly connected to the first transaction.
Again, it’s called a double escrow.
Both escrows are set to close simultaneously.
In case this seems confusing let me make it one more level simpler.
The same reason the person or company that made you a loan on your car has little or no risk -- works for asset based lending, too.
You make a down payment of 20% of the purchase price for the car.
You have another 80% they finance.
And if for any reason you don’t make your payments then what do they do?
They take back the collateral.
They sell it and they get all their money back and sometimes even a profit.
So that’s exactly what asset-based business lenders would do.
If for any reason their loan isn’t paid, they would merely come in, take out their collateral, sell it and get their money back.
They file what they call a UCC filing. It’s basically a business-based first lien on the assets. No one else can have a claim on them.
So they’re safely protected. So if for any reason any of these deals didn’t go right, the lender has instant control of the assets.
I've been to several different banks now & haven't been successfully able to acquire the necessary funding.
I've arranged an ABL with a factoring company, however, it requires a bit of creative leverage to finance the entire deal through an ABL.
Are there any preferred lenders preferably in FL that could assist with financing perhaps transactional funding, hard money or private money?
Think about it logically.
You can’t be a follower and expect to ever really become a leader in your field.
It just doesn’t work that way in today’s fast changing world.
Instead, you need to see the overlooked opportunities that are all around you and act on the vast sums of untapped income and unclaimed success just waiting to be harnessed.
You probably spend too little time studying the most successful, innovative and profitable ideas people in other industries use to grow and prosper.
Yet, if you start focusing on other industry’s success practices, you’ll be amazed at how easily you can adapt these ideas to your own business situation.
Suddenly, you’ll see significantly better ways to produce significantly better results from the same time, manpower, effort, activity, and capital.
Vision isn't easy.
As a result, most people let the opportunity of a lifetime slip through their fingers & live to regret it; but in this case I could make it easy for you to Not let this one slip away so that you can take advantage of this unique opportunity with zero risk.
Instead, you need to see the overlooked opportunities that are all around you and act on the vast sums of untapped income and unclaimed success just waiting to be harnessed.
In a recessionary economy like this, some 30 million people could be out of work -- they lost their jobs, got put on shortened work week.
Millions will be (or are, right now) aggressively looking for business opportunities they can purchase or start.
Though most of them don't have a lot of cash to invest, they still need income, they need work, they need productive activity that makes them money and keeps them feeling worthwhile.
I believe there’s not one business owner or startup I’ve ever met in North America (and probably the world) who couldn’t, who shouldn’t broaden their perspective and think about how to grow yourself a small or large business empire.
And that can mean nothing more than multiplying the size of your current business many times through external leveraged buyout acquisition activities.
Or it can mean multiplying it through a roll up.
Or it could mean buying complimentary-type product and service businesses.
Most people in business - or wanting to start their own business - set their sights too low.
They’re often content merely to have a so-so business that makes them a barely livable income.
But why start a business that has a one in thirty chance of even making it five years –when you can acquire a solidly profitable existing business that’s a huge, proven moneymaker that has a high certainty of working - using none of your own capital?
I’d very much like to talk with you exploring options and opportunities is always a worthwhile process for both sides.
It broadens each other’s mindset to how much more might be possible and in how many more ways that could be accomplished.If you’re excited about the possibility of seeing more, doing more, solving more, winning more, and succeeding more there might be a way I can be more directly involved in guaranteeing your future success.
Think about this.The “worst” that can happen if it's not an ideal fit is that you get an actionable strategy that benefit us both at no cost.
The best that can happen is we work together one on one to create a viral effect the likes of which haven't been seen before.
All the best!
