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Show Me The Money! The Financing Formula
Here's my strategy for lining up financing, especially when buying properties for operating sober living homes:
Step 1: Build a list of potential private money lenders through Pace Morby's Community.
Step 2: Secure verbal commitments from these potential lenders.
Step 3: Present underwritten deals and express your readiness to proceed; this will solidify their commitments.
Step 4: Establish business credit to become self-reliant in closing deals.
Step 5: Depending on which occurs first, create a separate entity with relevant partners.
Step 6: Close the deal.
Podcast Insights:
Explained the importance of building business credit.
Emphasized the significance of a separate entity for streamlined operations.
Discussed the art of pitching for verbal commitments, ensuring safety, return, and addressing risks.
Highlighted relationship-building as a prerequisite to asking for financial support.
This financing formula can help you secure the funds needed for your ventures effectively and confidently
Join The New 1% soft launch team at workwithtimmydouglas.com
This is for the people looking to buy a business at some point, but not in the next 12-24 months.
The impact here is in spreading the word until you can commit to doing the work
Get a FREE Community Investing Course that will set you up to reap the rewards without doing the work by leveraging people and technology.
If you’re looking to buy a business in the next 12 months, DM me @timdouglas924 on IG and join the hard core launch team, limited to 100 people! We only take 5 per month… so hurry and DM to join the waitlist Here you’ll get the following for FREE
access to a list of Private money partners for buying businesses that I’m building
a due diligence checklist
a community of people committed to buying businesses
essential contacts in major cities for due diligence
FREE Courses on how I would do my proprietary search and build my private money partner list.
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By Timothy Douglas
5
2828 ratings
Here's my strategy for lining up financing, especially when buying properties for operating sober living homes:
Step 1: Build a list of potential private money lenders through Pace Morby's Community.
Step 2: Secure verbal commitments from these potential lenders.
Step 3: Present underwritten deals and express your readiness to proceed; this will solidify their commitments.
Step 4: Establish business credit to become self-reliant in closing deals.
Step 5: Depending on which occurs first, create a separate entity with relevant partners.
Step 6: Close the deal.
Podcast Insights:
Explained the importance of building business credit.
Emphasized the significance of a separate entity for streamlined operations.
Discussed the art of pitching for verbal commitments, ensuring safety, return, and addressing risks.
Highlighted relationship-building as a prerequisite to asking for financial support.
This financing formula can help you secure the funds needed for your ventures effectively and confidently
Join The New 1% soft launch team at workwithtimmydouglas.com
This is for the people looking to buy a business at some point, but not in the next 12-24 months.
The impact here is in spreading the word until you can commit to doing the work
Get a FREE Community Investing Course that will set you up to reap the rewards without doing the work by leveraging people and technology.
If you’re looking to buy a business in the next 12 months, DM me @timdouglas924 on IG and join the hard core launch team, limited to 100 people! We only take 5 per month… so hurry and DM to join the waitlist Here you’ll get the following for FREE
access to a list of Private money partners for buying businesses that I’m building
a due diligence checklist
a community of people committed to buying businesses
essential contacts in major cities for due diligence
FREE Courses on how I would do my proprietary search and build my private money partner list.