How to Raise All the Money You Need for Any Business: 101 Quick Ways To Acquire Money For Any Business Project in 30 Days Or Less

Chapter 7. Proven Ways to Get Asset - Based Funding You Need

Asset-based funding is any financing where you use some type of asset — such as a home, an office building, undeveloped land, a ship, an airplane, a business, or equipment used in a business — as collateral for the funding. In this chapter I give you a number of methods you can use to get asset-based funding of many different types.

Asset-based funding is highly desirable for BWBs and EWBs, because not only can you get long-term financing, you can also earn quick short-term profits. Here are two letters from readers showing how asset-based financing can lead to quick profits:

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I bought a $165,000 duplex that was fully rented, "paying" zero cash down, and made $5,000 at closing.

(By letter from Texas)

What these two readers did was to use the inherent value of financed assets — in this case real estate — to earn money quickly. Their earnings, in each case, were based on the value of the financed asset they controlled. You, too, can do the same for either long-term finance or short-term profits.

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I was able to flip the contract on a 57-unit apartment building to another investor for a $65,000 profit, before expenses. The seller will get back $164,000 at closing. It was your book, time, and availability that allowed me to do it.

(By letter from Ohio)

So let's see how you can get control of an asset and use it for your funding or profit needs.

An important point I want to make to you right now, before we go any further is this, ...