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Money needed quick
Help_needed_sharpish
Posts: 4 Newbie
in Loans
Hi guys, I'm new here so I ll keep this short and sweet
I have my eye on this business opportunity, however I need 20k. I've got around 5. I have 2 buy to let's, my own house, a small business making around 15k and I earn around £25k. I read about using credit cards or something. Has any one got any advice?
I have my eye on this business opportunity, however I need 20k. I've got around 5. I have 2 buy to let's, my own house, a small business making around 15k and I earn around £25k. I read about using credit cards or something. Has any one got any advice?
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Comments
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What is the business opportunity ?
What's so special about it for £20k ?
Why hasn't it been snapped up yet if its only 20k ?0 -
Help_needed_sharpish wrote: »Hi guys, I'm new here so I ll keep this short and sweet
I have my eye on this business opportunity, however I need 20k. I've got around 5. I have 2 buy to let's, my own house, a small business making around 15k and I earn around £25k. I read about using credit cards or something. Has any one got any advice?
Why do u need it pretty quick and how quick ?0 -
It's actually 100k but the £20 k is just the deposit as I think I can just about break even after that until I get settled into it which will admittedly take a while. Totally confident I can make a go of this.0
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Why not sell the BTL houses if it is such a sure winner?
No lender is going to take all the risk whilst you contribute nothing.0 -
I hope it's not an MLM scheme.Are you for real? - Glass Half Empty??
:coffee:0 -
Not really wanting to sell anything as I want to build up a decent portfolio0
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What's an MLM scheme?0
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If the deposit is £20k and you only have £5k at present, where is the remaining £80k going to come from? You wouldn't be able to borrow that much as a personal loan. You could try remortgaging one of your properties or how about speaking with your business banking manager to see if you can take out a business loan for this opportunity.0
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MLM is Multi-Level Marketing, it's essentially a pyramid scheme so doomed to failure and lost money
Sam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
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Even if you could borrow 20k where do you propose to get the other 80k?I can afford anything that I want.
Just so long as I don't want much.0
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