I have what I think is a great business idea. I've been researching it for over a year and I'm now working on specifics and writing a business plan. I'm a single mother of 2, ages 12 and 14 so they will only be at home a few more years. My credit absolutely sucks and we are sharing a house with my mom that is one gust of wind away from falling down. They are ashamed to have friends over and I don't blame them. I would like to give them a decent home/life again while they are still around to appreciate it, but if I go the conventional way by cleaning up my credit, etc. it will take years. By the time I accomplish anything, they will be off to college.
My question is this: Does anyone out there think I am crazy for hoping to find someone who will loan me $225,000 for a home, business and to pay off debts? The lender would keep the deed to the home and we could have a contract drawn up stating that if I didn't pay the loan off in a specified amount of time, the business would be theirs.
It's a really good business idea in a virtually untouched niche so I'm sure it will be successful. I've never wanted to do anything so much in my whole life. My kids deserve so much better and I'll do anything to make this work.
2006-10-26
06:35:48
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7 answers
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asked by
Someday Soon
2