08 Sep, 2017

How To Buy A Business With No Money Down

How to buy a business with no money down If you've ever wanted to how to buy a business with no money down. And have heard someone say it goes on all the time and that it's possible, then I have some good news and some bad news. The bad news first: No matter what anyone says, you can't buy a decent business with nothing down. His imagination can take in many directions when you are interested in buying foreclosed property with no money down. It's possible and it's profitable for the right investors with a creative mind that can assess a real estate learning curve. First-time and experienced real estate investors have recognized the potential for foreclosed properties; the importance of buying foreclosed properties is to increase their value for a profitable return in the sales. In the 50 plus years I've been in business, buying businesses and teaching other people how to buy businesses, I've never seen it happen. I've never once run into a seller that will let you in with nothing down. It just doesn't exist. How to buy a business with no money down But here's the good news: Just because you can't buy a business with nothing down, if you find one that makes sense and it's large enough, you can finance it 100%, without using even a penny of your own money or borrowing a dime from your friends, family and relatives. How to buy a business with no money down? Because there are, in fact, lots of ways to finance a business -- including banks, government loans, joint ventures, suppliers, owner financing and, my personal favorite, investors. You can use one of these methods or combine them however you like. Most of these tactics are relatively fast, simple and clean...and a lot easier than you may think. When I was still teaching about buying businesses in seminars many years ago, people would often confuse 100% financing with nothing down. But they aren't the same thing at all. The next time someone says you can buy a decent business -- one that's not a dog, a turnaround or some kind of Mickey Mouse operation that's sinking fast -- with nothing down, run away from them as fast as you can. Because chances are they're trying to sell you on an idea that simply doesn't exist how to buy a business with no money down.