I Will Be Rich (I Have Figured Out How) (bankrupt, real estate, investors)

[NYCWonderBoy]

It's so simple. It's two words: leveraged buyouts.

[chet everett]

Might want to see how that worked out for some of the more infamous --

With Friends Like Mike Milken . . . : His LBO Advantage Is Cut From the Hides of Workers - Los Angeles Times

21. Wolves on Wall Street, Ivan Boesky

Good not to repeat the mistakes of others...

[dnc19694339]

Originally Posted by NYCWonderBoy

It's so simple. It's two words: leveraged buyouts.

So lets hear how it has worked for you

[debtmonger]

If it's so simple, why isn't everyone rich? You might want to think this one through, before pulling the trigger.

[Jesse69]

It's really not a good way to make money.

[mathjak107]

just ask all those no money down authors who were big on leveraged buyouts of real estate.

most have declared bankruptsey.

[CSD610]

Isn't that what whats Edward in the movie Pretty Woman did?

[jm1982]

From Pretty Woman :

Vivian: You don't actually have a billion dollars, huh?
Edward: No. I get some of it from banks, investors… it's not an easy thing to do.
Vivian: And you don't make anything…
Edward: No.
Vivian: … and you don't build anything.
Edward: No.
Vivian: So whadda ya do with the companies once you buy 'em?
Edward: I sell them.
[Viv reaches for his tie.]
Vivian: Here, let me do that. You sell them.
Edward: Well, I… don't sell the whole company, I break it up into pieces, and then I sell that off, it's worth more than the whole.
Vivian: So, it's sort of like, um… stealing cars and selling 'em for parts, right?
Edward: [sighs exasperatedly] Yeah, sort of. But legal.


From American Psycho :

Patrick Bateman: Ask me a question.
Club Patron: So, what do you do?
Patrick Bateman: I'm into, uh, well, murders and executions, mostly.
Club Patron: Do you like it?
Patrick Bateman: Well, it depends. Why?
Club Patron: Well, most guys I know who are in Mergers and Acquisitions really don't like it.

[Norlan]

Originally Posted by NYCWonderBoy

It's so simple. It's two words: leveraged buyouts.

Can you elaborate?

LBO is what Private Equities specialize in. How do you intend to do that as an individual?

[LordSquidworth]

Originally Posted by jm1982

From Pretty Woman :

Vivian: You don't actually have a billion dollars, huh?
Edward: No. I get some of it from banks, investors… it's not an easy thing to do.
Vivian: And you don't make anything…
Edward: No.
Vivian: … and you don't build anything.
Edward: No.
Vivian: So whadda ya do with the companies once you buy 'em?
Edward: I sell them.
[Viv reaches for his tie.]
Vivian: Here, let me do that. You sell them.
Edward: Well, I… don't sell the whole company, I break it up into pieces, and then I sell that off, it's worth more than the whole.
Vivian: So, it's sort of like, um… stealing cars and selling 'em for parts, right?
Edward: [sighs exasperatedly] Yeah, sort of. But legal.


From American Psycho :

Patrick Bateman: Ask me a question.
Club Patron: So, what do you do?
Patrick Bateman: I'm into, uh, well, murders and executions, mostly.
Club Patron: Do you like it?
Patrick Bateman: Well, it depends. Why?
Club Patron: Well, most guys I know who are in Mergers and Acquisitions really don't like it.

Most of them know they're kinda dirt. They try to "retire" as fast as they can or get burnt out.