Buying existing cash flowing websites using private money
Has anyone successfully used private money to buy existing cash flowing websites?
I did this in my real estate investing where I borrowed private funds paid 15% interest per year secured by a lien against the property. Has anyone done something like this here?
As an example -- if I can find a website that makes $3600/year ($300/mo) in net cash flow and be able to buy that site for $10k or less. I pay my private investor 15% on the $10K which is $1,500/yr ($125/mo). I make the difference of $2,100/yr ($175/mo).
If anyone has done something like this, I would like to speak to you and get your opinion.
Jon
I did this in my real estate investing where I borrowed private funds paid 15% interest per year secured by a lien against the property. Has anyone done something like this here?
As an example -- if I can find a website that makes $3600/year ($300/mo) in net cash flow and be able to buy that site for $10k or less. I pay my private investor 15% on the $10K which is $1,500/yr ($125/mo). I make the difference of $2,100/yr ($175/mo).
If anyone has done something like this, I would like to speak to you and get your opinion.
Jon
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brendan1 -
Thanks
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