Invest a million dollars before you have it: how to earn a million dollars by next Thursday
Real EstateEverybody dreams of a million dollar deal. The kind of overnight riches deal. A simple idea with which you get the vision to move forward. This happens every day, but unfortunately it is rarely done by ordinary people who would benefit from a deal like that. It is usually done by professionals who know what they are doing.
The mind is an amazing piece of hardware and it can provide all sorts of surprising answers to the most difficult questions. Like a computer, it starts with a question you want an answer to, then feeds your mind the data it needs to formulate a quality, high-probability answer.
Many would be happy with a million dollars even in a few years, but some are ambitious and consider it a waste of effort for less than a million dollars. One way to make a million dollar deal is to use other people’s capital.
The most likely answer to the question “how do I win a million dollars by next Thursday?” It would be something like this. I would find an investment object of value. To invest a million dollars before actually owning a million dollars, you would need to trade assets worth between $5 million and $10 million. A residential mansion facing the sea, a quality business, a small hotel in the city center, a luxury yacht, it does not matter what the investment is, because there are other considerations that are much more important.
The most important considerations are the numbers. Let’s say we found a seller of a luxury yacht who was quite eager to find a buyer. The yacht is a masterpiece of craftsmanship and is listed for sale at $12 million. You don’t have $12 million dollars, you don’t even have $1200 dollars in your bank account. But that’s not important. If this seller manages to sell his boat. If the new buyer you find to close the deal is filthy rich and not price sensitive, but rather utility sensitive (more on that in a bit), then it doesn’t matter that you’re really poor, I assure you this is it. only temporary. condition.
Your first step, after inspecting the vessel and taking extensive digital photographs, is to assess the true intrinsic value of the vessels. If you don’t know anything about ships, you may need to become an expert quickly. Because you need to familiarize yourself with all possible features and understand the market quickly. The goal of your research is to put a real price on the boat. A price you know will sell the boat.
You’re looking at $1 million dollars, so the ship should have about 8% excess additional intrinsic value. In other words, you’ll need to find that equity somewhere. You can find it from the seller, offering you $11 million for the boat. Either you can get it from the buyer buying $13 million for the ship, or you can do a combination of both to access that 8% million dollar profit.
Maybe you can do some research on what the new buyer might need and supply it to give him the extra he needs to make a profit. For example, the new buyer may not even have thought about mooring and maintenance, so you need to find a good quality marina and set a price for it and introduce it to them. This simple afternoon at work could be the turning point that will seal the deal in the minds of new buyers.
You need to understand the usefulness of the new buyer, the reasons why they want to buy a luxury cruise, and what it would take to be satisfied with your deal. Then give it to him the best you can.
Let’s say you find a buyer and have satisfied them and want to go ahead with the purchase. Great. Now what. You do not own the boat and it is quite illegal to sell something that does not rightfully belong to you. The only exception to this law is in the stock market, where you can short sell and “put” shares to people even if you don’t own the shares.
But here’s the thing. If you get that buyer’s commitment and the million dollars is in the deal. If you were to approach a loan officer, I don’t think there is a bank in the country that wouldn’t consider lending you the required capital for a short period of time because you have a million dollars in capital and you have the boat. They would value the ship independently and put their contract as capital. The ship and the contract would serve as collateral under their loan procedures. It all depends on the strength of the commitment you got from the buyer. If he signed a contract, it’s a million dollar piece of paper.
Once you’ve secured the funds, it’s a simple matter of picking up the boat from the seller and handing it over to the buyer. Your check goes directly to the lending bank, with the remaining million deposited in your account. I’m sure the lending bank would take a big bite out of your million in interest, but okay, their help was worth a million dollars to you. It takes knowledge and a bit of finesse. This is not above anyone.