Investor · Hampton Roads Va · Member since 2013 · 123 posts · 17 votes
Good morning BP community!!! I'm hoping someone will be able to assist in acquiring a HML successfully.
I’m in need of 70k for a down payment to acquire an existing dry cleaning business. Owner is willing to do seller finance 205k @ 10% for 5 yr term.
i've reached out to other HML's but it appeared to be scammers. It's like they all have the same script "Please be honest with me" or "Please pay me back". When I entertained the conversations I asked to meet and they quickly asked me if I had a WhatsApp so that was a red flag for me.
My question is, is it possible to be able to obtain the necessary funding for the down payment so I can seal the deal? Please advise Thank you all