BF2S Forums How should i go about making this money.

jord wrote:

Mitch wrote:

jord wrote:

Mitch is a strange character so I wouldn't like to speculate anything about him.

Hasn't even specified the kind of business.

Well the $4000 dollars is profit before taxes. It's a paper route, which contrary to popular belief makes very decent money.

Shes selling it because shes moving onto a bigger business in another state.

Her asking price is 30k however the opportunity it would give me is also worth something in her eyes. So my large cash downpayment along with payments would be the way to buy the route.

Personally I wouldn't "invest" in a paper route of which your customer base can opt out of in favour of better competition. What are you getting for your money, just the route details and customers?

Private rights to specific people. No other distributor can deliver the post standard in that route. Yes papers will be dead in 10 years, BUT. Theres still 10 years of a 40-50k a year left. Even if they only last 5 years, or 2 years. Its still going to make back my investment by far. T

Yes, they are selling the routes because the papers are dying, but also because this is there chance to buy a better business that makes three times the income.

Oh and i have two cars. one is my work car one is my play car. im selling the play car

Last edited by Mitch (2010-08-30 18:46:46)

Is it possible for an 18 year old to get a loan? What do i have to do to get one, do i go to the bank and talk to the manager and explain the situation?

is there a type of credit card that i can use to get a few thousand cash? i can make payments. solid payments. but i need a solid downpayment.

not really tbh.  you can get a card but not thousands.  maybe a title loan.

Mitch wrote:

is there a type of credit card that i can use to get a few thousand cash? i can make payments. solid payments. but i need a solid downpayment.

No, they don't give that kind of credit to kids.

Last edited by Reciprocity (2010-08-30 19:06:55)

mo money mo problems

Reciprocity wrote:

Why would a bank give $7k to a kid with no credit history, no collateral, no experience?

especially if you wanna pay them back in a few months.  thats zero incentive for a bank to loan.  they need their scrilla too.  you could try one of those high interest rate loans indian tribes offer.  I hear its like a whole $1000!

Mitch wrote:

Uzique wrote:

mitch you don't strike me as the most capably-minded businessman when you suggest racking up thousands of dollars on a credit-card in order to buy a business. where are you going to get the cash-flow from, exactly, to cover the ridiculous mounting-interest of a credit card? especially on that sum of money? you need the capital at large to be able to invest/buy this business... you can't lend it from high-interest sources. it's too much money and $4k projected revenue/month won't pay it off any time soon.

How would a loan of 5-7000 dollars not be payed off within 5 months on a business making 4000 dollars a month? My living expenses are 1000 a month.

Don't bank on what you think you'll still be earning. That's what the government does.