Everyone dreams of a million dollar deal. The overnight wealth deal type. A simple idea with which you get the vision to move on. These happen every day, but unfortunately they are rarely done by ordinary people who would benefit from treatment like that. It is usually prepared by professionals who know what they are doing.
The mind is an amazing piece of hardware, and it can offer all kinds of amazing answers to the toughest questions. Like a computer, you start with a question for which you want an answer, then feed the mind with the data it needs to formulate a quality answer with a high probability of success.
Many would be happy with a million dollars even in a few years, but some are ambitious and consider it a waste of effort for just under a million dollars. One way to make a million dollar deal is to use other people’s equity.
The most likely answer to the question “how can I make a million dollars by next Thursday?” It would look like this. He would find an investment object of value. To invest a million dollars before actually owning a million dollars, you would need to trade assets that are worth between $ 5 and $ 10 million dollars. A residential waterfront mansion, a quality business, a small downtown hotel, a luxury yacht, no matter what the investment is, because there are other, much more important considerations.
The most important considerations are the numbers. Let’s say we found a luxury yacht salesman who was in dire need of finding a buyer. The yacht is a masterpiece of craftsmanship and the asking price is $ 12 million. You don’t have $ 12 million, you don’t even have $ 1,200 in your bank account. But that’s not important. If this seller manages to sell his boat. If the new buyer you find to conclude the deal is filthy rich and not price sensitive, but rather profit sensitive (more on that in a moment) Then it doesn’t matter that you are really poor, I assure you this is just a temporary. condition.
Your first step, after inspecting the boat and taking extensive digital photographs, is to assess the true intrinsic value of the boat. If you don’t know anything about boats, you may need to quickly become an expert. Because you need to familiarize yourself with all possible functions and understand the market quickly. The goal of your research is to put a real price on the boat. A price that he knows will sell the boat.
You are behind $ 1 million dollars, so that boat must have about 8% intrinsic value surplus to spare. In other words, you will need to find that equity somewhere. You can find it at the seller, offering you $ 11 million for the boat. Either you can get it from the buyer’s purchase by charging $ 13 million for the pot, or you can do a combination of both to access that 8% million dollar profit.
Perhaps you can do a little research on what the new buyer might need and provide it to get the added benefit they need. For example, the new buyer may not have even thought about mooring and maintenance, so they look for a good quality marina, set a price for it, and present it to you. This simple afternoon of work could be the turning point that will seal the deal in the minds of new buyers.
You need to understand the utility of the new buyer, the reasons why you want to buy a luxury cruise, and what it would take to be satisfied with your deal. Then give it the best you can.
Let’s say you find a buyer and have satisfied them and want to go ahead with the purchase. Excellent. Now what. You do not own the boat and it is quite illegal to sell something that does not belong to you by right. The only exception to this law is in the stock market, where you can sell short and “put” shares on people even if you don’t own the shares.
But here’s the thing. If you get that buyer’s commitment and a million dollars is in the deal. If you were to approach a loan officer, I don’t think there would be a bank in the country that wouldn’t consider lending you the required capital for a short period of time because they have a million dollars in equity and they have the pot. They would independently value the ship and put their contract as equity. The boat and the contract would serve as collateral according to their loan procedures. It all depends on the strength of the commitment made to the buyer. If you signed a contract, it’s a million dollar paper.
Once you have obtained the funds, it is a simple matter of collecting the boat from the seller and delivering it to the buyer. Your check goes directly to the lending bank, with the remaining million deposited into your account. I’m sure the lending bank would take a big bite out of your million in interest, but okay, their help was worth a million dollars to you. It takes knowledge and a bit of finesse. This is not above anyone.