#107 Zero Down Acquisition Mistakes

If you are interested in acquiring or growing a business you have no doubt seen posts referring to "zero-down" business buying (or real estate) strategies. Many of these folks are great people but a significant portion are not what you may call credible.  There are very interesting ways to finance an acquisiton, this is not what we are debating here. What I want to share today is what you're actually getting going down this path. What seems good on the surface, buying a biz with no cash down, comes with significant dangers.  Many business owners that are open to these strategies are looking to rapidly exit. The question is why. Is this type of business going to have the systems and processes to allow for a smoothly running operation? Likely not. Do you have a team behind you that can help correct these systems? If not you're likely going to have issues post acquisiton.  If you have capital available for more traditional financing there are better ways to create opportunities. You will have the ability to acquire better businesses.  My team has relationships with vetted partners for each part of this process. We have the ability to enact the "zero down" strategies but its a better process to be able to invest some "skin in the game." Feel free to learn in the groups, Roland Frasier's program does do a great job of giving the information you need to do initial diligence on deal cash flow. There are others but I could not say i would recommend and I would not invest capital in the training.  If this episode intrigued you I am happy to share some great resources on the topic. Connect with me here for more info: https://www.growwithdelta.com https://www.linkedin.com/in/mike-demo/ https://www.facebook.com/mike.demo/