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What the Hell is an LBO?
Old 10-25-2006, 08:02 AM   #1
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What the Hell is an LBO?

This was meant to be funny, and it is. However, like all good humor,
there is truth at the core:

This business on a legitimate basis, is a fraud.

Not that it's a fraud. You need money to be in this business. But not a lot.
You need more money to open a shoe-shine shop than you do to buy a
$2 billion dollar company, let's be honest about it. But to buy a shoe-shine
shop, if it costs $3,000, you need $3,000. If you don't get it in cash, you need to bring it in by Thursday.
But if it's an LBO, not only do you not have to bring it, you don't have to see it, you don't know where you're going to get it, nobody knows where
they got it from. The whole situation comes from absolutely nothing.

But, the more you need of course, the less money you need.
In other words, if there is money involved, you don't get involved in that business. This is a business for people who don't have money, but who know somebody who has money, but they don't put it up either.......

Jackie Mason

JG
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Re: What the Hell is an LBO?
Old 10-25-2006, 10:10 AM   #2
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Re: What the Hell is an LBO?

I think LBO is where the RE Investor wannabes got the idea from, you know the buying RE with no money down secret.

Mach1
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Re: What the Hell is an LBO?
Old 10-25-2006, 10:37 AM   #3
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Re: What the Hell is an LBO?

Quote:
Originally Posted by Mach1
I think LBO is where the RE Investor wannabes got the idea from, you know the buying RE with no money down secret.

Mach1
I own 2 rentals and I have never found anyone who actually has done a NMD deal?
I have seen Lease Options, Quit Claim Foreclosures, Seller Financing but never a NMD?
I guess you have to buy the Carlton Sheets secret formula??

Lance
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Re: What the Hell is an LBO?
Old 10-25-2006, 10:51 AM   #4
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Re: What the Hell is an LBO?

Quote:
Originally Posted by PsyopRanger
I own 2 rentals and I have never found anyone who actually has done a NMD deal?
I have seen Lease Options, Quit Claim Foreclosures, Seller Financing but never a NMD?
I guess you have to buy the Carlton Sheets secret formula??

Lance
Well, I searched my foggy old brain cells and although I've done more RE deals than M and A deals, I can't think of any purely real estate deals where I bought with -0- down. I do know it's pretty easy to do. Carlton Sheets
system works. I like to call it the creative non-use of cash.

As far as business LBOs, I once did two (2) in one year and didn't put
a dime of my own money in either. The principle is the same in any case.

JG
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Re: What the Hell is an LBO?
Old 10-25-2006, 10:53 AM   #5
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Re: What the Hell is an LBO?

Quote:
Originally Posted by PsyopRanger
I guess you have to buy the Carlton Sheets secret formula??

Lance
Hope your rentals doing well.

I don't know of anybody and can't figure out who actually buy Carlton Sheets stuff but he is still on TV.

Mach1
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