the question here is : Can You Buy "YOUR FIRST" Business With No Money Down? do you have an answer here . I don't know if people like codi cares aboiut a youtube channel comments and answer them
You can. In fact it's BETTER to buy your first business with no money down (which doesn't mean without money btw - 'no money down' really means 'without using your own money'). Buying businesses is expensive, so it's smarter to NOT use your own money. One strategy to buy businesses without using your own money is to do a sale & leaseback (if the business owns the property/real estate in their business) and use the money from the sale of the property as down payment to the seller, then the rest of the asking price is paid over time. A friend of mine is doing this successfully, in fact he's just closing on a $9.6 million deal that's been financed this way.
@@michaelc1114 Not in my country,city I guarantee you. I had to buy an already 80k business just to be able to access a great lease location. In that area to get a commercial lease 9average 700 sf You need to show 3-4 years of book from your business. Buying an existing one got me in with a coffee/donut,,plus now I expand it my way.
Can't believe I'm just discovering Roland Frasier today! Kudos to the interviewer. Getting rarer these days to find those who are humble to allow their guests share without interrupting...
Hi David, seems like our life yourney was quite similar, although I am feline....struggeling to get back to the top again. But listening to this interview gave me hope again...that I will get to the top again. Much love and blessings to you. Irma
Good question oh wise wielder of 'Lucille'! :) As I'm sure you know, there are TONS of ways to invest in Real Estate, and Subject To is another fantastic way! This particular video was created to summarize an article that we had up on our site, wealthfit.com. It's not listing the ONLY ways, just 5 great ways that people can get started investing in Real Estate, no matter their credit. Thanks for the question Negan...but Rick shouldn't have let you live ;)
@@Wealthfit I appreciate the reply. I just find it crazy that nobody mentions the subject to strategy when it's one of the best methods because you are able to get into real estate with no money or low money and you can do it with little to no risk since the loan is in the sellers name. You are hitting more profit centers in a subject to deal than most other strategies.. With wholesaling you can only make money from the assignment fee and it's alot more work. Rick is lucky I let him live.
This is a FANTASTIC video! It's great to see someone else also sharing valuable and positive information! That makes two of us! If you get the chance, I would really appreciate some feedback on my videos! :)
