How to raise £600,000

[thedoc46]

It's a peculiar thing, it's not something most people come across in everyday business. The people who will buy it are a large large company.

And no not drugs

Fair doo's.

Even so the problem still remains. 600K is a LOT of money to get your hands on. Banks no way, loan sharks etc, forget all that, no loan shark is going to lend you that kind of money, not unless they know exactly what they are getting themselves into.

Unless you know someone who's filthy rich, with that kind of money liquid, then you are probably s out of luck. Or have a pretty decent home that you can remortgage.

Your best & ONLY bet is knowing someone who's rich, and that you trust. Let them in on this little deal, allow them to assess the risk for a split of the profit.

 

[Pate]

He's going to invent facebook!

Trying to get post count up eh?

Fair doo's.

Even so the problem still remains. 600K is a LOT of money to get your hands on. Banks no way, loan sharks etc, forget all that, no loan shark is going to lend you that kind of money, not unless they know exactly what they are getting themselves into.

Unless you know someone who's filthy rich, with that kind of money liquid, then you are probably s out of luck. Or have a pretty decent home that you can remortgage.

Your best & ONLY bet is knowing someone who's rich, and that you trust. Let them in on this little deal, allow them to assess the risk for a split of the profit.

This indeed is the problem. My family are generous but there is no way £600,000 is ever been raised.

Guess I'm going to try and go for the call option and see where it goes.

 

[semi-pro waster]

No there are land deals, even property if he knows about an upcoming change of usage etc, just a guess of course.

You could always front him the money at a very reasonable rate of interest - say a kidney and a lung should he fail to pay back within the agreed timescale? He who dares wins and all that. Oh but remember the Merchant of Venice and include blood in your contract just in case.

The problem with a call option that I can see is that unless you're already in the habit of investing along such lines then you're likely to alert the seller to the probable rise in value and since you seem certain it will rise with or without your intervention if the seller is at all sharp they should work out there's a reason why someone wants this call option.

 

[DM]

You could always front him the money at a very reasonable rate of interest - say a kidney and a lung should he fail to pay back within the agreed timescale? He who dares wins and all that. Oh but remember the Merchant of Venice and include blood in your contract just in case.

I never write anyones plans off completely, because iv seen this happen time and again, these things are out there. I wish him well with it

 

[Gerard]

Sounds like that episode of only fools and horses where theres a disputed statue between 2 indians.

 

[Pate]

You could always front him the money at a very reasonable rate of interest - say a kidney and a lung should he fail to pay back within the agreed timescale? He who dares wins and all that. Oh but remember the Merchant of Venice and include blood in your contract just in case.

The problem with a call option that I can see is that unless you're already in the habit of investing along such lines then you're likely to alert the seller to the probable rise in value and since you seem certain it will rise with or without your intervention if the seller is at all sharp they should work out there's a reason why someone wants this call option.

This is indeed the problem. Guess I could try the whole "I'm getting the cash together option?"

I've just no experience really in this field, I'm right in the deep end talking about figures most people don't usually trade.

I never write anyones plans off completely, because iv seen this happen time and again, these things are out there. I wish him well with it

Thanks, really appreciate it.

Sounds like that episode of only fools and horses where theres a disputed statue between 2 indians.

lol

 

[DM]

This is indeed the problem. Guess I could try the whole "I'm getting the cash together option?"

I've just no experience really in this field, I'm right in the deep end talking about figures most people don't usually trade.

l

Dont start messing about telling people lies, it never works or you wont be taken seriously.

I think in your position i would just blatantly approach the seller and say you have a buyer, hassle free and you want a decent drink, what you got to loose?

Forget all that ****** about but i could have earned 900k, you aint lost what you never had.

 

[muon]

Could you please give me some advice on how to create a "call option" that would be legally binding?

Lawyer with experience who can draw up a contract and give proper professional advice.

If you want zero outlay, then you will have to do what others have mentioned.

 

[VFM Addict]

Yep, good luck, Kenmare with whatever you try. Its only ever doing nothing that is the guaranteed fail. Fingers crossed for you.

 

[Strife212]

Easily, if this was a real scenario you could surely just get 600k from someone.

If nothing else, you could sell the item before it's in your possession then buy it using that money.

 

[Pate]

Dont start messing about telling people lies, it never works or you wont be taken seriously.

I think in your position i would just blatantly approach the seller and say you have a buyer, hassle free and you want a decent drink, what you got to loose?

Forget all that ****** about but i could have earned 900k, you aint lost what you never had.

Sage advice, appreciated a lot.

Lawyer with experience who can draw up a contract and give proper professional advice.

If you want zero outlay, then you will have to do what others have mentioned.

This sounds the best route to me. I'll contact the guy with the asset and ask if he is willing to give me X amount of time. Screw it. It'll make him suspicious, but I guess thats the risk.

What amount would you recommend putting upfront for this?

Yep, good luck, Kenmare with whatever you try. Its only ever doing nothing that is the guaranteed fail. Fingers crossed for you.

Thanks mate.

 

[Pate]

Easily, if this was a real scenario you could surely just get 600k from someone.

If nothing else, you could sell the item before it's in your possession then buy it using that money.

I wouldn't imagine someone would pay me £1,500,000 to be told they can have their product in a bit....lol.

 

[DM]

This sounds the best route to me. I'll contact the guy with the asset and ask if he is willing to give me X amount of time. Screw it. It'll make him suspicious, but I guess thats the risk.

What amount would you recommend putting upfront for this?

See im not quite getting this, do you have a concrete lender of 600k in X amount of time?

 

[Dr House]

Dont start messing about telling people lies, it never works or you wont be taken seriously.

I think in your position i would just blatantly approach the seller and say you have a buyer, hassle free and you want a decent drink, what you got to loose?

Forget all that ****** about but i could have earned 900k, you aint lost what you never had.

Agreed, people that are dealing with this sort of money will normally see through any school boy lies.

If the seller wants 600k tell him you have a buyer for 1.5m but you want a 3/4/500 k cut.

From the sellers point of view he has got 4/500k more then he expected the buyer gets his product and you get your 4/500k for doing nothing more then having a few contracts made up and making a introduction.

I have facilitated the sale of a couple buildings in Prague, the buyers made a lot of money, I could never have got that sort of money together but I made a few quid out of the deal by making the introduction.

 

[Pate]

See im not quite getting this, do you have a concrete lender of 600k in X amount of time?

I'm reckoning the only way is to do what Ghost said which is get the call option of the guy with the asset who will sell it to me for 600k. Then I can draw up an agreement with the other party for 1.5million and then deliver the calll option to them and claim 900k?

 

[Pate]

All of which is very flakey and more than likely will end up in failure. Nothing to lose, but a fair bit to gain.

 

[DM]

I'm reckoning the only way is to do what Ghost said which is get the call option of the guy with the asset who will sell it to me for 600k. Then I can draw up an agreement with the other party for 1.5million and then deliver the calll option to them and claim 900k?

I could see that somehow not working out, a bit like a house being sold behind an estate agents back, if you get my drift.

But **** it, give it a try.

Without sounding like a condescending **** here, if it was me coughing up the 1.5 mil and a uni student and a contract was what stood between me and saving 500k, he wouldnt be an obsticle for very long, there are ways round most things.

You got more chance getting your drink at the sellers end if you ask me.

 

[Pate]

I could see that somehow not working out, a bit like a house being sold behind an estate agents back, if you get my drift.

But **** it, give it a try.

Any better alternatives?

Otherwise like you said "**** it, give it a try"

 

[muon]

All of which is very flakey and more than likely will end up in failure. Nothing to lose, but a fair bit to gain.

The risk is dependent on how sure you are that the asset is massively under-priced at £600k. If it is, then even if the original buyer pulls out, you should be able to find another with ease at (>£600k). If you can't then clearly it wasn't that under-priced.

The capital risk is the cost of acquiring the call option.

Really should be going to someone with real experience in this if the OP is serious.

 

[Detroit_Waves]

I really don't think I see the problem here.

If for sample I had something, that I sold for 600k, and you came to me saying you had a buyer for said goods, and were willing to pay 1.5m, but you wanted lets say a 400k cut.

Firstly, I would try and find out who the buyer could possibly be without you, but Im guessing I wouldnt be able to find the buyer, unless the field its regarding is a VERY small field indeed. In which case, business has to kick in, and being able to sell something at 600k would obviously make me a profit, but selling at 1.1m, would make me a MUCH larger profit.

I would probably not have much choice but to come back to you, with my own lawyers, stating that provided everything was agreed upon within a contract, that you would get your cut, providing everything you said was met. We would sign, you would give me the details, you would get your cut.

I dont really see the seller not at least taking you a little bit seriously, whether youre a uni student or not. At some point, business becomes business, and a 500k extra profit, is a huge sale. The only way this would fall through is if the seller, found out who you know that wanted to buy it before going to lawyers with you. If this were to happen, youre only left in the same situation youd be left in, if you did nothing anyone. Tomorrow morning, I would be at the sellers place of business, demanding 5 minutes of the MDs time.