Buy a Business with No Money

Okay, Okay. Gather around and listen up


I now get SO MANY emails asking about the 'get rich quick gurus' who offer to teach you how to buy a business with 'no money' that I've had to dedicate a blog page to it.

Here are the common claims:

  • Buy a business with $0 down.
  • Buy a business even if you're broke.
  • Buy a business with poor credit.

No Money down deals are REAL and I have worked on them for people. BUT.. They get done by people with money, assets and often with other businesses already under their control.

They very rarely get done by a broke person... and when they do, there are often BIG PROBLEMS with the businesses that get bought.

Who the hell am I to talk about this?  My bio is here.

That said, here are the videos and blog posts I've made over the last few years which address this topic.  Please study it fully before you spend thousands of dollars trying to learn someone's magic formula.  Magic isn't real.

Buying a business is a doable thing.  You're going to need cash for all kinds of things beyond just the down-payment.  Either save it up, or find a way to get some partners with money.

Please don't invest thousands of dollars in someone's program until you read/watch all this stuff.

I'm like the harbinger character in the cheesy horror flick that warns the teenagers not to go visit the creepy mansion after dark.  We all know what happens to them... don't let that happen to your wallet.

Cheers

David C Barnett


The first video- August 28, 2016



Then a follow-up question on October 23, 2016



After being called an idiot by one viewer, I created this one about Leveraged Buy Outs. It's a real thing but some gurus use the term like the name of a magic spell. May 28, 2017



Frustration beset me in March of 2018 while on vacation in Jamaica and I recorded this tape of how I feel about No Money Down Desperat-os


And just so you know that you can actually pull this off, I show you an example of a REAL NO MONEY DOWN deal so you can see what is really required to make it work... A relationship you can leverage. This one came out May 8, 2019


Want more?

Some of my most convincing arguments are in written form.  Here are some blog posts that were originally emails which I sent out to my email subscribers.  Are you on the list?  It's at https://www.DavidCBarnettList.com I send out cool stuff all the time.

Industry Pro gets sucked into hype Vortex!!- Feb 18, 2019
In this post, I tell the story of an experience M&A professional who drank the koolaid and very quickly realized he'd been had.

Here's a piece that explains what sellers are worried about.  Do you think someone wants to sell a business (and likely finance part of the transaction) to someone who has nothing to put in?

Here I respond to some of the nonsense ideas that get floated about trying to get people to invest in these expensive buy a business programs.

I talk about recent inquiries and some of the answers to those questions.

Those other guys will tell you that you can convince professionals to work on contingency. Can you really?

Why are the examples held up by the gurus so alluring?  Why can't I do what they did?  In this post, I teach you about the psychology of Survivorship Bias.  The brains of winners are wired to think anyone can do it.

Maybe if I challenge you to do something and call you names you'll be encouraged to do it.  I mean, it works on fifth graders, doesn't it?

If you REALLY want to learn how REAL businesses are bought everyday by regular folks, you can sign up for my online course called Business Buyer Advantage.  It's not thousands of dollars.  It's not even $999.

It's less than half of that.

It's a real learning program.  I sell information and how-to stuff.  I do not sell HOPE.  Hope that you'll luck out and get rich quick by fooling some old-timer into a bad deal.

The program is step #2 over at https://www.BusinessBuyerAdvantage.com

Cheers and good luck out there.

David C Barnett


See, I know famous people too. Tell me who she is and I'll send you a bonus.
dbarnett (at) alpatlantic.com 













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