Buying And Selling Of Companies: A Lucrative Buying And Selling Venture

Contemporary desks are changing to fit with the needs of classrooms. Taking a tour of classrooms today would reveal desks that are a stark break from the square surfaces in a desk. Today’s student desk is more likely to be rectangular in shape in keeping with the need for more functional design. No longer are the rigid models with cubby holes for student supplies the norm.

Convincing home owners is not hard. After all, they have nothing to lose if they place the property under contract. If you buy it within the time you specified in the agreement, say seven days, then it is good news for the owners. If you don’t buy it within a week, then they get all of the money you paid them. By the way, some owners, especially those who are very motivated to dispose of the property, will agree to place their property under contract for $10. Believe it or not. Say you’re a generous one and you gave them $100. They will get $100 if you don’t buy it.

The opposite side of ‘selling as-is’. Don’t rip out good bathroom fixtures and replace with new ones, or replace perfectly good flooring with hardwood floors. Only replace defective items and in doing that, don’t go overboard. Installing a $30,000 cherry kitchen will rarely allow you to recoup your money, much less see a profit. On the other hand, if your roofing is defective, replace them with good, 15 yr shingles.

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Years of saving could be wiped out by one single unfortunate event in life if you hadn’t had proper health insurance, property insurance and life insurance.

So now returning to just $3,500. 00 is a pretty small number BUT before you get discouraged, let me remind you that in today’s market you can et the seller who in the case of a foreclosure is the BANK. Sometimes, the bank pays for some of your closing costs and that is if you are lucky. Here you need to make sure that your team understands you well. Your team includes your agent who will help you negotiate on the contract and your loan officer who will help you get the loan. Who needs to know what it is that you are trying to qualify for.

Over the next 2 months I received periodic phone calls, telling me the progress of the fund raising. One of those updates I was told that the existing 2nd Trust Deed lender was saying that he might give Kevin the added $100,000 he needed to finish the project. At the same time, Kevin also believed he had found a bank that might refinance all the loans of San Bernardino. The difficulty with the bank loan was that the appraisal fee was $3,000, and it had to be paid in advance, even to just apply for the loan. Again Kevin asked me for money. Again I refused to put more good money down his black hole.

Author’s Note: The buyer, thinking he was going to put $125,000 to finish the remodeling, notified me, after one year, that he had spent $300,000 to finish the building. The apartment building values were increasing rapidly during this time period, so Kevin’s project was increasing in value at the same time the buyer was going deeper and deeper into construction costs. The buyer made out all right in the end. If the market had died, he would have lost $200,000 on this building after Kevin had already lost a fortune. It’s all about timing, isn’t it?

The recession has made people hungry. Hungry people will undercut each other and if you can take advantage of that … well there’s your opportunity. It isn’t You Tube, it’s just the market adjusting. It’s no longer the land of milk and honey, the bubble has burst and any inefficient business will be winnowed out. Everything will be pared back until people get paid what they’re worth. You don’t need to do anything great, just wait and the opportunities will come to you.

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