Average Person

[ANDREW07]

How does an average person like me or you go about purchaseing a business of the following values? or are some of these not possible?

a) 100,000

b) 500,000

c) 1,000000

d) 50,000000

e) 100,000000

Thanks

[rush1169]

I've done A, B, and C. In that order. Actually, I did 'A' a few times before doing 'B' and 'C'. I did 'A' by saving up $20,000 and borrowing the rest - people with money are much, much more likely to help if you first put a significant amount of your own, non-borrowed money at risk and if you don't try to bite off more than you can handle at one time.

[The Stealthy One]

Simply stated, use OPM (Other People's Money). You can do this for a company of any size. Granted, the higher the amount, the more creative you must be, but...it is not impossible.

[rush1169]

Simply stated, use OPM (Other People's Money). You can do this for a company of any size. Granted, the higher the amount, the more creative you must be, but...it is not impossible.

OPM is a fun buzzword that a lot of people like to say out loud. But, don't be disillusioned into thinking the Other People are simply going to give you their Money without you taking a risk with your own money to some extent. . .

[The Stealthy One]

OPM is a fun buzzword that a lot of people like to say out loud. But, don't be disillusioned into thinking the Other People are simply going to give you their Money without you taking a risk with your own money to some extent. . .

Out of curiosity, how many deals have you done involving OPM?

[rush1169]

Out of curiosity, how many deals have you done involving OPM?

Pretty much all of 'em. Including my personal residence and car and, for that matter, a video camera among other things. . .

[The Stealthy One]

I'm not referring to personal expenses. I am referring to investments using OPM. How many of these deals have you done?

[rush1169]

I'm not referring to personal expenses. I am referring to investments using OPM. How many of these deals have you done?

Pretty much all of them. I've done a few smaller deals using cash on hand, but if I have $10,000 on hand and owe $20,000 on a house, isn't that $10k OPM?

If you are looking for the number of investments I've purchased using OPM, I'll guess 30?

[ANDREW07]

any more suggestions?