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All Forum Posts by: Leonard Nester

Leonard Nester has started 10 posts and replied 13 times.

Post: Commercial Opportunity - Buying a Business

Leonard NesterPosted
  • Stratford, NJ
  • Posts 14
  • Votes 1

It is a business currently up and running and i just need to step in manage the business. Current employees will stay and owner will assist if questions come up after the purchase.

I have a great opportunity to purchase and operate a turnkey business. Being a novice , does anyone have any insight as to how to proceed? Are there any lenders doing 100% loans ? 

Any information is welcome as the commercial end is very new to me.

Post: Commercial Opportunity - Buying a Business

Leonard NesterPosted
  • Stratford, NJ
  • Posts 14
  • Votes 1

I have a great opportunity to purchase and operate a turnkey business. Being a novice , does anyone have any insight as to how to proceed? Are there any lenders doing 100% loans ? 

Any information is welcome as the commercial end is very new to me.

Post: Financing for the Purchase of a Business

Leonard NesterPosted
  • Stratford, NJ
  • Posts 14
  • Votes 1

I have an opportunity to Purchase a Turn Key Business. I am very motivated to but this opportunity. Currently, I am doing my research and due diligence, but need funding source(s).

The business is in operation and have seen first hand that is does well , the owner has had it for 30 years and just wants to retire out.

Any and all information is welcome !!

Post: Restaurant/Bar/ Inn investment

Leonard NesterPosted
  • Stratford, NJ
  • Posts 14
  • Votes 1

I have an opportunity to invest in a Restaurant/Bar/INN. It is a turnkey operation. Looking for advice as to the basics of this acquisition and how to fund this type of deal? Is there a guide? Special Funding? etc.

Good Day,

I have seen an AD for lines of credit and I am wondering if anyone has heard of or has worked with a company called Oracle Loans?

Any info is welcome....

Leonard Nester

Jerome - Thanks

Fellow Wholesalers , Looking for a legal wholesale/assignment contract , I have several good properties and will need these to take it to the next level.

There is much debate as to what is legal in NJ , So I am reaching out to see if any of you will help out a fellow investor.

Tom - I will be attending the next "main meeting" for SJREIA will be watching for the other meetings mentioned. But, maybe you can clear something up, In reference to Wholesaling ; what contract is best to use that allows for 'Assignment"?

Some say all contracts are assignable, others the NJ RE contract is; but in the same space I am being warned that one needs to be careful.

With That Said, what contract can I use ?

Leonard Nester

Good Day,

Okay, enough of the "Analysis Paralysis" ; I need to move forward out of my comfort zone.

I have decided to start as a Wholesaler and move to Flipping homes .

With that said, I will most likely need a title agency that will work with me can anyone make some recommendations,if there are any others that are needed let me know....

Any recommendations are welcome.