He seemed to agree with me as to price, but remarked in the most matter-of-fact way: "I tell you what I will do; I will take the coat, and will pay you five cents, cash down
, and pay you the rest of the money just as soon as I can get it." It is not hard to imagine what my feelings were at the time.
Why, Silva wouldn't sell these five acres for five hundred an acre cash down
. He gave grandfather fifty an acre for it on long time, an' here am I, workin' for the telephone company an' putting' in a telephone for old Silva's cousin from the Azores that can't speak American yet.
"A thousand Chili dollars, cash down
, Mapuhi," he said.
Creditors rejected VarigLog's offer on Monday, and an initial bid from an employee-led consortium collapsed when it was unable to make a cash down
Clearly a buyer acquiring a practice that generates 75% or more of its income in the first four months of the year will want to put less cash down if the closing occurs in May than in December.
Given those elements, if you were to ask for 17.5% of collections from original clients for 10 years, with no cash down, structured in a manner that provides the buyer a current deduction, most buyers would enthusiastically accept the deal despite the fact that the multiple is 1.75X.
Cash Outlay--Depending upon your lender and your credit history, cash down
payments range between 20 percent and 25 percent of your hard cost.
"While this diverse group of young potential homebuyers has more options available to them than before, they still face challenges to homeownership, including a lack of understanding of the home buying process, lack of savings for a traditional cash down
payment, a slightly imperfect or limited credit history, and limited monthly budget," commented Rick Gillespie, chief marketing officer, GMAC Mortgage.
Example: A sells assets to B in exchange for a cash down
payment of $1,500 and the receipt of a $3,500 installment note.
His criteria was as follows: only talk to buyers with a steady job for the last five years, who have a perfect credit record, and have at least 10% cash down
payment in the bank.
Since debtors in this situation typically have limited cash, they face the challenging task of acquiring properties with a reliable cash flow for little cash down