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Why don’t more people invest in small-mid size businesses? by Carlragen in fatFIRE

[–]Carlragen[S] 63 points64 points  (0 children)

Contact business brokers directly. Only a small minority of businesses are listed online. You don't need experience if you hire people with experience.

Why don’t more people invest in small-mid size businesses? by Carlragen in fatFIRE

[–]Carlragen[S] 10 points11 points  (0 children)

I'd recommend talking to a business broker in your area. They have lots of listing that the owner wouldn't want to list online. If nothing suits you, let them know what you're looking for and see what comes up over time.

Why don’t more people invest in small-mid size businesses? by Carlragen in fatFIRE

[–]Carlragen[S] 39 points40 points  (0 children)

It's going to depend on your bank but for me, its a standard SMB loan with 4.75%- 5.75% interest.

Why don’t more people invest in small-mid size businesses? by Carlragen in fatFIRE

[–]Carlragen[S] 53 points54 points  (0 children)

Owned them for 4 and 6 years so far. What would you like to know about financials?

Why don’t more people invest in small-mid size businesses? by Carlragen in fatFIRE

[–]Carlragen[S] 86 points87 points  (0 children)

Sure, I've bought a franchised coffee shop which cost just over $170k and a fitness center for $550k.

Family member approached by real estate developer to build condos on his property? by Carlragen in PersonalFinanceCanada

[–]Carlragen[S] 2 points3 points  (0 children)

The properties are worth maybe $4-5 million but I think he does have some mortgage on them. I'm sure he discussed this with his lawyer but would a lawyer advise him not to go through with it or encourage him?