Find the desperate people and you'll find easy money

The best part of the financial problems of today is: There has to be many desperate people out there. Why not capitalize on it? Because whatever way you look at it, you will never find an easier way of making cash flow like water then when you find utterly desperate people. They will pay you much money to get out of trouble.

Shady? No, smart use of your time is what it is. Why invest so much energy supplying services to people that are disgusted when you offer it to them? Only an insane human being would see that as a smart use of his/her time.

One example of what I have done the last week: One guy contacted me for an interim loan for 30 days. He was really, really desperate but he was very sincere (I grilled him with my due diligence and he passed every loop) with me. I told him I wanted 50% for giving him any money. He agreed. No one else was interested in helping him. He was in dire problem and needed cash quickly. He needed 5 million SEK and I will make 2,5 million SEK in 30 days for just using his bad situation to my benefit.

Find a very big desperate crowd of people and you will receive loads of cash fast. Startup in it's best light. God, I love being the one helping out...hehe.

Words of wisdom. Thanks. +++speed

50% in 30 days? Did he owe money to the mafia?

even after your dd what do you think is the probability he will default? were you able to get any real asset tied in as garanty?

Yes, a lot of company shares. I did my due diligence with my accountant, lawyer etc. Full scale. So yes, their is a security behind the deal if he defaults. If he defaults I will be the one controlling his company. Seems like a fair trade...at least for me. But as I said...desperate people is a good asset if you do your investigation first. As in all kinds of business dealings. In my world risk is very relative.

I have been burnt in a similar deal before so it is not just happy camper. Sometimes you lose big even though you did your homework very well. Of course that sucks....

If he owed the mafia money? No, but he wanted to do an LBO deal. And as you may know LBO deals are complex.