Re: 10 MILLION NETWORTH&NO CASH - Posted by Nate
Posted by Nate on March 20, 2001 at 21:15:03:
You probably don’t want to hear this, but I have never been one for stepping around the sides of an issue.
As Ray Alcorn likes to say, “opportunity, without the capacity to capture it, is an illusion”. And I think that applies perfectly to you.
It sounds like you have grandiose plans, but do not have the capacity to carry them out. Frankly, based on your post it sounds like the reason is that you are a little bit out of your league. The information you posted about these deals is in no way sufficient for an investor with a lot of cash to determine whether or not it is worth their time.
Believe me, the people with lots of cash do not want someone who kind-of knows what they’re doing bringing them deals that they then need to fix. If you brought someone a deal of this magnitude, summarized like you summarized it in this post, I imagine they probably would laugh you out of the office.
I don’t mean to be harsh, but you’ve got to learn to walk before you can run. You said your experience is in putting together deals of $50,000 or less. Maybe you could move up to $100,000, or $150,000, and then move up from there. Making the leap from $50,000 to $7,200,000 is like trying to fly when all you have done is crawl.
Good luck, and keep plugging. If you are as tenacious as you state, you will eventually get there. Just don’t be in such a hurry.