Woot. Now Only $30k Is Needed!

**tycoonlogan** · 11-01-2008 12:59 AM

(Just so we know, this post is in regards to this post.

)

Great news, I received a call from a bank that says a down payment of $30,000 will be necessary for the investment mortgage mentioned in a previous post. The down payment will not guarantee the mortgage and if the mortgage does not go through, the option to sell back the shares and have your investment returned will be given.

As with the other offer, for every $1 you invest you will receive 1 share of privileged stock--which does not have voting rights. The return will be dividends. I'm not going to speculate the dividends' amount but according to financial projections, the company will be grossing around $97k. In 2009, I'll be grossing around $200k. Increasing by an estimated $100k per year thereafter.

I plan on purchasing twelve properties (around $1.6-million worth) this fiscal year (November to October), ten of which will be rental investments and two of which will be "flip" houses. The more investment money I can get, the more profits I can make...

The more people that can invest, the merrier!

If you're interested, please PM me. Questions you have can be answered here on the thread so everyone can read them.

Happy Halloween everyone! =D
- Logan

**tycoonlogan** · 11-04-2008 11:59 AM

Still looking for funding if anyone's interested.

**dmetcalf50** · 11-04-2008 06:51 PM

I read your other post, but how much are you investing? If the bank says you need 30k your expecting this entire 30k to be financed through investors?

Just like every other post with people asking for money, why should I invest if you have nothing to lose?

Not trying to shoot you down but I think as a business proposal to a potential investor, you should be a little more formal and informative.

**tycoonlogan** · 11-05-2008 01:13 PM

I have put in a lot of my time and a substantial amount of money into this business. It's not just the time and money it's the fact that my business has such a sentimental value to me.

**dmetcalf50** · 11-05-2008 01:25 PM

Sentimental value is not an asset. I understand that a business has sentimental value because both of my companies do, but that does not mean anything to anyone but yourself.

Do you really think an investor cares if something has sentimental value to you? It is there money that is on the line. If your not investing money into the company why should they?

I'm only trying to help you out. This is the exact same reason why the bank won't give you 150k without you putting something down. If your not putting down atleast 30k, you have nothing to lose. Now, same goes for investors because if your not putting down anything why should they. They are basically investing 30k for you to get 150k from the bank. In an investors mind, that makes no sense.

**tycoonlogan** · 11-05-2008 01:31 PM

I understand where you're coming from. But like I said, I have put a substantial amount of capital into my company as a whole but, at the moment, I don't have the money to pay the down payment.

**visua** · 11-05-2008 01:36 PM

tyoonlogan,

i have to agree with dmetcalf50.

Try social lending. There is a few big social lending site open now.

**tycoonlogan** · 11-05-2008 02:00 PM

I can't sign loans or I'd already have signed one for the $30,000. My corporation will be the entity for the mortgage.

**dmetcalf50** · 11-05-2008 02:09 PM

Banks and investors wouldn't want your corporation to be the entity for the mortgage. They want you to show your personal assets.

The reason being, if you can't pay the mortgage and your company goes bankrupt, they will have no way of getting their money.

So they want you to be personally responsible for it. Congrats on getting your business plan approved for a loan though, but good luck getting the money.