Business acquisition

Financing

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  Donna 1 year, 6 months ago

  Business acquisition

  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?

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  Allison Bethell
  

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  1 year, 6 months ago

  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.

  How to Buy a Business: The Ultimate Guide

  How Much Does Buying A Business Cost?

  Step-by-Step Guide: Questions to Ask When Buying A Business

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