Looking for mainstream investors
 

I have a client that is looking for 2 investors willing to put up $15,000 each in a mainstream venture.

The return is $1,000 a month for 24 months. First payment would be 30 days after monies received.

If one person wants to invest $30,000 the return would be $2,000/mo for 24 months.

Anyone interested can respond here or contact me at [email protected]

hmmmm

why not just get a business loan

Think the key word in that offer is "invest". Technically if it folds or whatever you are sort of SOL.

Actually, no. The investment would be a guaranteed with another resource. So, while I did say they were looking for investors, in reality it would be a secured loan.

Would he be ok with signing a contract stating the terms?

Would not have it any other way.

if you can secure the loan its much cheaper from the bank and no need for an invester

Some things are acceptable collateral by a bank, others are not.

This is probably a down payment, the bank is already giving a loan, hehe.

It isn't an investment though, its a guaranteed loan and the guarantee is good. Assuming this is what I think it is, if it isn't, ignore everything I've said.

you have mail...

I appreciate the pledged asset may be *unconventional*

I am all for recognizing value in unconventional places.

But, the trouble is, what would BIND the asset to the loan...LEGALLY?

the right paperwork, and having the asset or the right to the asset held in escrow until completion of the loan.

as do you

A signed contract,

Well, that's progressive -- :thumbsup

bumpity.

$30k is not all that much, can't you go to a bank?

DH

Why dont you lend them the $ if you think its worthwhile?

It isn't for me

Do you have any idea how many ventures, domains, sites that are presented to me every month?

I only wish I could afford to invest in all of them.

cant they go to a bank?

See post #8.

Nope I dont but thanks for your reply

I have tons of opportunities cross my desk, one must know when to say when and just take the commission for putting the deal together.

:1orglaugh

Not that I would, just that I could.

That's 49.925% interest on the loan.

Two points I'd like to make.

1) I think he'd get a better deal from Tony Soprano

2) I wonder if the contract would be legally enforceable since the interest rate is way way way above the legal limit in most (all?) states.

What will he secure the loan with?

They only need $30K with a 24 month payback? $30k wouldn't even cover the person who is running the venture a salary to make sure the investment was protected.

BAD investment :2 cents:

Things don't quite add up here, no one is going to pay 50% rate for a secured loan.

Thats good interest for 2years worth of investment...

If you are interested in this, send me an email. There are questions I am not going to answer on a board.

Obviously someone will.

That's a static interest rate? Bullshit.. - if he is so static (24 months) with interest he could have gotten a loan anyway. And if he's really sure about it (and knowing what he's doing) he would've had successes with other things first - 30,000 is absolutely peanuts in mainstream.

Try not to make assumptions

sheep 678

Is this the same investment Emthree made?

who is emthree?

last question... why wouldn't the principals just take out personal loans if the return is so secure?

if I had a 100% guarantee that I would make a return like that in my own ventures then I'd have no problem using personal assets as collateral

be honest now... are these players broke?

Asked and answered a couple times. Try reading. . . . but thanks for the bump

"Some things are acceptable collateral by a bank, others are not."

thats all i can find regarding your "answers"

they dont have homes? cars?

ah well whatever, good luck... i personally find it a bit questionable that you're passing this great & guaranteed opportunity off to other folks

smart business decision... guaranteed returns are stupid

Are you just passing along the info baddog, or do you vouch for the guarantee 100% also ?

I have done similar investments with this client in the past. I am not involved with this particular deal.

Did you miss the part about questions I am not going to answer on a board?

Part of my duties are filtering thru the looky Loos. I have to say that seems to be the category you fit in.

This thread is funny :1orglaugh :1orglaugh

no need to attack me... you post on a board asking for $30,000 be prepared to be asked some questions

correct me if i'm wrong but most people look before they buy

Not attacking, just judging, part of what I am paid to do.

I know who the serious questions are coming from because they are emailing me.