Using Other People's Money to Get Rich Secrets, Techniques, and Strategies Investors Use Every Day Using OPM to Make Millions

by Desiree Smith-Daughety

Overview

Using other people s money is becoming an increasingly common practice. In fact, you have probably used other people s money at some point without even realizing it. Even Donald Trump used other people's money to finance his investments. Now, with this book, you too can knowingly use other people's money to increase your wealth.

Using other people s money, or OPM, can be a risky strategy, but Using Other's People Money to Get Rich will show you how to downplay the risks, avoid the common pitfalls, and minimize your costs. You will learn about various sources of OPM, including lending institutions, venture capitalists, angel investors, the federal government, investment banks, savings and loan associations, insurance companies, and credit unions. You will also learn how to meet the source's investment criteria, which will help ensure that you acquire OPM for your needs.

In addition, you will become knowledgeable about the benefits of using OPM, debt and equity transactions, performing due diligence and research, the short- and long-term costs, and securities laws. You will also learn how to use OPM to pay off debts and invest in paper assets, the stock market, rental properties, and part-time, home-based, or Web-based businesses.

We spent hours interviewing investors to learn how they used OPM to make money, and here, we provide you with all the secrets, techniques, and strategies you need to know in order to make millions.


Atlantic Publishing is a small, independent publishing company based in Ocala, Florida. Founded over twenty years ago in the company president’s garage, Atlantic Publishing has grown to become a renowned resource for non-fiction books. Today, over 450 titles are in print covering subjects such as small business, healthy living, management, finance, careers, and real estate. Atlantic Publishing prides itself on producing award winning, high-quality manuals that give readers up-to-date, pertinent information, real-world examples, and case studies with expert advice. Every book has resources, contact information, and web sites of the products or companies discussed.

Product Details

ISBN-13:	9781601386441
Publisher:	Atlantic Publishing Group
Publication date:	02/22/2010
Sold by:	Barnes & Noble
Format:	eBook
Pages:	288
File size:	4 MB

About the Author

Managing Partner of Mobile Money Minute, LLC

Table of Contents

Foreword 11

Preface 17

Introduction 19

Why Use Other People's Money? 19

Build Wealth Now 20

Dream Big - Your Goals Depend On It 22

Chapter 1 The Basics of OPM 27

Types of Businesses 32

Chapter 2 Getting from Vision to Reality 39

Fine-Tune Your Idea 39

Moving From Vision to Solid Business Proposition 40

Real Estate 42

Financial Portfolio 44

Tap Your Existing Business 49

Chapter 3 Sources of OPM 61

Lending Institutions 61

Credit union 68

Savings and Loans (Thrifts) 71

Venture Capitalists 73

Angel Investors 77

Joint Ventures 84

Federal Government 88

Chapter 4 Benefits and Pitfalls of Using OPM 101

Leverage Your Resources 101

Benefit of Using OPM 104

Pitfall of Using OPM 107

Considerations When Seeking an Investor 109

Securities Laws 113

Chapter 5 Choosing a Business Entity 119

What to Consider in Making Your Decision 119

Sole Proprietor 120

Partnership 121

Corporation 124

Warning: A Word for the Home Business Owner 127

Chapter 6 Planning and Preparation 131

What Investors Look For: Return On Investment 131

Understanding the Investor and Their Needs 132

Setting the Stage for Success 134

Teasing Out the Details 136

Chapter 7 The Art of the Business Plan 141

The Business Plan 141

Business Plan Workshop: Worksheets for Building an Attractive Business Plan 148

Finalize Your Plan 158

The Bottom Line 162

Exit Strategy 164

Chapter 8 Financing Options 171

Conventional OPM Resources in Debt Financing 171

OPR: Your Other Choice 178

OPC (Other People's Credit) 182

Chapter 9 Securing OPM 187

The Interview Process 187

Negotiate the Deal 188

Mutual Confidentiality Agreement and Letter of Intent (LOI) 192

Contract Considerations 196

Chapter 10 Managing OPM 201

You Have the Money - Now What? 201

How To Structure Your "Debt" to Get the Most out of a Deal 203

Marketing 205

Boosting Sales 206

Subcontract Overseas for Services 218

You are Your Own Best Investment Manager 220

Managing the Cost of Credit 222

Raise the Bar 224

Chapter 11 Real Estate Investment with OPM 229

Benefits of Real Estate Investment 229

What to Look For 231

Use A Marketing Approach to Purchase Real Estate 236

Work the Numbers 238

Negotiating the Real Estate Deal 239

What To Do With Real Estate 241

Financing Options 245

Financing 248

Chapter 12 Other Uses of OPM 255

Pay Off Debts 255

Invest in Paper Assets 256

Conclusion 267

Resources 271

Federal Government Resource Web Sites 271

State Resource Web Sites 271

Glossary 275

Bibliography 281

Web 281

Books 281

Author Biography 283

Index 285