Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago on . Most recent reply

User Stats

44
Posts
19
Votes
Tony Whitaker
  • Midland, TX
19
Votes |
44
Posts

A business investment question

Tony Whitaker
  • Midland, TX
Posted

Hope everyone is having a stellar evening. Ok, this isn't real estate investing entirely but there is abiut $2M worth of real estate invloved. 

I am plant operations manager in the oil production/manufacturing sector. I essentially run an oil giant service company. It is my goal to buy and purchase manufacturing companies that are distressed, retiring owner etc...flip and hold, rinse repeat. I have spoken to 10+ business owners over the past few years but recently had a good one come through. I have been talking to investors but no traction, and then I get a call today from the broker. Another person is interested and has the money but the owner and broker want me to have the company because I am young and extremely enthusiastic(their words).  Anyway, broker asked if I would be willing to partner with other potential buyer. I have a conference call tomorrow with them. As professionals what should I bring to the table during our first meeting? 

Most Popular Reply

User Stats

44
Posts
19
Votes
Tony Whitaker
  • Midland, TX
19
Votes |
44
Posts
Tony Whitaker
  • Midland, TX
Replied
Originally posted by @Jody Schnurrenberger:

EEK!  Sorry no one responded to you in time!  How did it go?

Went well but the money guy seems to want to go around the broker, so probably not going to happen with him.

I did get another call from the broker and he is going to try and see if one of the son's of the owner wants to take it over and bring me on as a partner. I have a lot of connections and he knows how to build the product. Good match.

Loading replies...