Show Me The Money! The Financing Formula

<p> </p> <p>Here&#39;s my strategy for lining up financing, especially when buying properties for operating sober living homes:</p> <p>Step 1: Build a list of potential private money lenders through Pace Morby&#39;s Community.</p> <p>Step 2: Secure verbal commitments from these potential lenders.</p> <p>Step 3: Present underwritten deals and express your readiness to proceed; this will solidify their commitments.</p> <p>Step 4: Establish business credit to become self-reliant in closing deals.</p> <p>Step 5: Depending on which occurs first, create a separate entity with relevant partners.</p> <p>Step 6: Close the deal.</p> <p>Podcast Insights:</p> <ul> <li><p>Explained the importance of building business credit.</p> </li> <li><p>Emphasized the significance of a separate entity for streamlined operations.</p> </li> <li><p>Discussed the art of pitching for verbal commitments, ensuring safety, return, and addressing risks.</p> </li> <li><p>Highlighted relationship-building as a prerequisite to asking for financial support.</p> </li> </ul> <p>This financing formula can help you secure the funds needed for your ventures effectively and confidently</p> <p>Join The New 1% soft launch team at <a href="https://workwithtimmydouglas.com/">workwithtimmydouglas.com</a></p> <ul> <li><p>This is for the people looking to buy a business at some point, but not in the next 12-24 months.</p> </li> <li><p>The impact here is in spreading the word until you can commit to doing the work</p> </li> <li><p>Get a FREE Community Investing Course that will set you up to reap the rewards without doing the work by leveraging people and technology.</p> </li> </ul> <p>If you’re looking to buy a business in the next 12 months, DM me @timdouglas924 on IG and join the hard core launch team, limited to 100 people! We only take 5 per month… so hurry and DM to join the waitlist Here you’ll get the following for FREE</p> <ul> <li><p>access to a list of Private money partners for buying businesses that I’m building</p> </li> <li><p>a due