Thank you for the informative article. My husband was active duty military when he passed away several years ago, so i received a large sum of money from his death benefits. Most of this cash is sitting in brokerage accounts. I own 3 homes – 1) owe 113,000, valued at 150,000; 2) owe 119,000, valued at 255,000; and 3) owe 223,000, valued at 230,000. I have a net worth of just over $1m. I have no expertise in any one field, I am only interested in letting my money work for me and hiring the right people for the business. What kind of hurdles should I expect in buying a business?
Hi Donna: Thank you for your husband’s service and my condolences on his passing. I’m glad you enjoyed the article. Some hurdles you should expect to face when buying a business include identifying the right passive business, getting financing for the business and hiring the right people.
Here are some links to articles that may be of help.