How Pace Bought a $135K Business for $0 Down! 🤯 #shorts #finance

Name: How Pace Bought a $135K Business for $0 Down! 🤯 #shorts #finance
Uploaded: 2024-04-19T23:00:01+00:00
Duration: 31 s
Channel: Nathan Payne
Description: In this short personal anecdote, the speaker recounts how Bethany, who wanted to retire and sell her business, approached him to buy it. Although he…

19 Apr 2024 · 1 min

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In this short personal anecdote, the speaker recounts how Bethany, who wanted to retire and sell her business, approached him to buy it. Although he initially claimed he didn't have the $135,000 asking price, Bethany suggested using "Creative Finance," a method the speaker was familiar with. He ultimately acquired the business for $135,000 with no down payment and zero interest, agreeing to pay the seller $20,000 per month from the cash flow of his deals. The story highlights the mechanics of seller‑financed, zero‑down transactions and showcases the speaker’s surprise and enthusiasm at successfully executing such a deal.

Chapters

So Bethany, she goes, I want to get out of the business. My husband and I are retiring. Do you want to buy my business? I go, I don't have $135 grand. She goes, buy mine. I go, I told you I don't have it. She goes, yeah, but you already know Creative Finance. Why can't you buy my business with it? I'm like, I can buy a business with Creative Finance? So I bought her business for $100— I've actually never told anybody this story because I don't know that anybody even cares. Now, this is incredible. But I bought her business for $135 grand, $0 down, zero interest. She let me pay her like $20 grand a month from my deals. Really? Oh, it was the greatest thing. It was just like, here you go. Incredible.