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FAST MONEY SUCCESS FOR YOU

Written by: Tyler Hicks

Article Overview: Take take over a going business on borrowed money

FAST MONEY SUCCESS FOR YOU

FAST MONEY SUCCESS FOR YOU

IS THERE A FASTER WAY TO MONEY SUCCESS? In our view there is! It is:

* Take over a going business which offers a product or service you like

* Use borrowed money for the down payment for the business you take over

* Have the business pay you and pay off the seller and the down-payment loan

* Pay someone to run the business for you--after you get to know it well

WHAT KINDS OF BUSINESSES CAN YOU TAKE OVER? Almost any kind. But a few of the
businesses for which this method works well include:

1. Income real estate of almost all types--especially apartment houses, shopping
centers, office buildings

2. Retail stores of many kinds--such as auto supplies, print shops, food stores, etc.

3. Recreation facilities--tennis courts, swimming pools, night clubs, golf courses, etc.

4. Hotels, motels, clubs and other membership-type facilities that are really income-based
businesses

LOOK AT CLASSIFIED BUSINESS ADS IN YOUR LARGE-CITY NEWSPAPER and you'll find many businesses for sale. Typical ads might say:

*$25,000 down, balance in monthly notes

*$5,000 down, the balance in 2 years

*No money down; balance in yearly payments

WHAT DO THESE ADS TELL YOU? They tell you that you can take over a going business
on borrowed money and have the business pay you for running it while the business is paying for
itself. And your borrowed money can come from:

*Multiple loans from different lenders

*Use of your credit-card line of credit

*Cosigners to boost your borrowing power

*Borrowed or rented collateral to make your credit better

*Credit from the seller as a purchase-money mortgage

*"Reverse flip" with seller getting a loan you pay off

WHY IS THIS METHOD OF FAST MONEY SUCCESS SO GOOD FOR YOU? There are several important reasons, namely:

1. You earn money the same day you take over the business because the business is
"going"--that is, making money!

2. You can easily check the history of the business--its income, expenses, debts, etc.

3. The business pays you while it pays for itself--you are not paying out money you're
taking out of your bank account

4. Speed in a new income is what you want--taking over a strong going (earning)
business gives you instant income!

SO PICK A BUSINESS YOU LIKE AND WANT! Then go out and find such a business that's for sale. Make an offer you think is fair! But:

*Never pay the asking price! Get the seller to come down.

*Never put your savings into the deal! Use borrowed money.

*Get someone to run the business as soon as you can.

*Look for other businesses you can take over in the same way.

*Expand to greater wealth--quickly and easily!

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Article Tags: apartment houses, auto supplies, borrowing power, business ads, businesses for sale, clubs golf, cosigners, food stores, getting a loan, membership type, money down, money success, night clubs, office buildings, purchase money mortgage, recreation facilities, retail stores, shopping centers, swimming pools, tennis courts



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