If I had to get an investor to put up $50,000 by the next day (say tomorrow) where could I find such an investor? If the investor put the money up, there would be a 2 week turn around and they would get back $10,000. Is this a realistic thing and is it doable?
I think it would be nice to have a section on this board that has investors listed that wants deals. Is there a section & I’m just missing it? I’m new so please pardon my ignorance.
Are you saying lending 50k tomorrow, and in two weeks getting back 60k? I would think any hard money lender could do this. The paperwork only takes minutes…
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Are you saying lending 50k tomorrow, and in two weeks getting back 60k? I would think any hard money lender could do this. The paperwork only takes minutes…
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yes, if I needed $50,000 cash tomorrow to close a deal, then in 2 weeks there would be a payback of $60,000 for putting up the cash. It’s a matter of thg available in 2 weeks but the deal needs to happen tomorrow.
I think you are being unrealistic. In order to execute this style of deal, you need to establish a relationship with investor and keep them update to date on your activities and deals as they delevlop so they can pull the trigger at the right moment. Even with that said, you will have to demonstrate that 1)you know what a good deal is and 2)know how to execute; otherwise, the investor is going to want to due his own due-diligence regardless of what your promised return.
yes, if I needed $50,000 cash tomorrow to close a deal, then in 2 weeks there would be a payback of $60,000 for putting up the cash. It's a matter of thg available in 2 weeks but the deal needs to happen tomorrow.
Soooo, did you pull the rabbit out of your hat? :crossfingers
I am still trying to pull the rabbit out of the hat. I know this is a little unrealistic, but I thought it wouldn’t hurt to ask. The worst that could happen is I get a lot of good advice. Maybe Donald Trump is reading this post, you never know !!! :bdaysmile