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communick@indiehackers.space

Where can I go to find financing to buy a 6-7M business? Located in Bay Area (alien.top)

submitted 10 months ago by theMEtheWORLDcantSEE@alien.top to c/entrepreneur@indiehackers.space

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I would like to buy a large business that cash flows but I need a lot of money to buy it, where do I start? I could leverage my house?

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[–] berkeleybikedude@alien.top 1 points 10 months ago

This is interesting, I found this out recently but more as it related to purchasing a commercial property. If the property is leased or will be leased, the income from the tenants should be at least 1.5x what the mortgage is (or whatever it's called in that scenario)