Quote (BlemBlem @ Jan 24 2023 11:38am)
Making profit on buying a business requires more time than real estate and stocks …. Plus if someone is selling a business it’s probably not doing to well or will be high dollar … maybe starting business making it run good then selling it could be profitable
thank you for your input. I met with a banker who does loans on businesses last week and he said they will only approve loans that are 2.5x to 3x profit. So you can't overpay. The bank will not let you. So selling a business doesn't sit well with me. I would rather hire someone to run the business.
Quote (addone @ Jan 24 2023 11:04pm)
Depends could do both also. Both have ups and downs, this is just the most lazy and unthoughtfull question. Which I can now say buy some shares in some property venture and go afk as it reflects your effort
Just bought a business, opened a business and bought a commercial real estate property. Now I'm listing my rentals.
Was supposed to be a nice post to help the people of d2j learn how rich people get rich and why buying a good business is the way to go.
I think the reason most people don't buy businesses is because they don't understand the number's behind it. It defiantly isn't pushed by financial advisor's but that's understandable because they want you to buy their products.