Thread: Your first big "gamble" or stretch. . .

Well I have a deal (RE) on the table that I'm very excited about, but it's going to require a down payment that appears on the surface to be more liquid cash than I have on hand.

Now comes the part where I weight everything out. I own my vehicle outright which may be a source to tap into. I have two other properties which i'm sure I'm positive on, but haven't had them appraised to see the true market value.

The difference i'm looking to cover is small enough I can hopefully swing it with a signature/credit line, but that is left to be determined.

At this point *I'm* going to do everything I can to close this deal because IMO in 9 months i'll be at a 50% ROI.


So, in business/investments when did you have to make that decision to bet the farm, or at least the garden to get the job done? I love hearing the wins and losses when people went huge.

I am doing it as we speak... I've invested quite a bit of money into my current venture (Site2Street). By far, I have invested more money into this venture than any other I've had. Why? Because like any external investor would do - I have done a lot of intense research and due diligence to ensure I'll see a return on my investment. If I don't believe in my business enough to invest my own money into it, why should I expect anyone else to? So yea, I have a lot on the line here... But I'm confident it'll be a homerun.

J

when I decided that a suit and tie job with harris county wasnt for me.
I picked up one of my dad's businesses that was struggling imensely which was making him think to cut his loses short...convinced my dad to put some capital into it..sold my gallardo, sold my 996tt. sold a bunch of bikes, a boat and a few other things to be used as capital or even free up payments....and sunk everything I have into that business. 4 years later, here i am, could not be happier...and really doing some innovative stuff...have been recognized around the world as one of the best. demand is higher than supply to a degree that I command the price.

Helix...

My big leap came after I got canned from a job. Does that count?

Vending and going back to school to become a counselor for autistic children.

when I opened my 3rd shop in 2004 and bought a new Dynamometer.

Investing in perfromance back boxs to sell, I really stretched myself to purchase them but the orders came in and I made a nice profit

Originally Posted by anon

Well I have a deal (RE) on the table that I'm very excited about, but it's going to require a down payment that appears on the surface to be more liquid cash than I have on hand.

Now comes the part where I weight everything out. I own my vehicle outright which may be a source to tap into. I have two other properties which i'm sure I'm positive on, but haven't had them appraised to see the true market value.

The difference i'm looking to cover is small enough I can hopefully swing it with a signature/credit line, but that is left to be determined.

At this point *I'm* going to do everything I can to close this deal because IMO in 9 months i'll be at a 50% ROI.


So, in business/investments when did you have to make that decision to bet the farm, or at least the garden to get the job done? I love hearing the wins and losses when people went huge.

What are the details on the deal? Ballpark numbers, exit strategy, etc? If you are betting the farm, you should have as many sets of eyes on the deal as possible for feedback. Expectations of a 50% ROI in 9 months throws a red flag for me.... unless you are using significant leverage (which is a red flag in itself).

Betting/Gambling the farm is not a good move. If you feel like it's a gamble, it should never be with an amount of money that matters. For lack of a better/creative term, "intelligently investing" the farm in something you are experience in, is a whole other story. Just about every business owner has to take that risk at some point.

50% roi in 9 months...sound crazy...but then again I have seen some realestate deals produce that.

I have been doing so my entire life....my approach to business is like my drive from the first tee....grip it and rip it.....