question I need financing for $50,000 deal. Options? Time sensitive.

[WhoaDomain.com]

Hello,
I have a deal for $50,000 for a domain.

The buyer has $25,000 cash but needs to finance the rest $25,000.

We tried @Lendvo Domain Financing and they seem to be dragging their heels and now I contacted them @domaincapital

Does anyone know some other options? thanks in advance.

 

[alcy]

hmmm..like installments...

well...there is dan. epik...

 

[koolishman]

Talk to @Rob Monster

 

[bmugford]

You need financing, like you want full payment ($50K) from the buyer now, but they need financing for the other $25K?

It is probably going to be rough to get that for a domain unless it is an amazing high quality domain with obvious resale value exceeding that.

Another option is you can just setup a domain holding agreement with Escrow.com. Take the $25K now and take scheduled payments over time for the rest.

https://www.escrow.com/domain-name-holding

Brad

 

[koolishman]

unless it is an amazing high quality domain with obvious resale value exceeding that.

I guess it is a given.

 

[MapleDots]

Hello,
I have a deal for $50,000 for a domain.

The buyer has $25,000 cash but needs to finance the rest $25,000.

We tried @Lendvo Domain Financing and they seem to be dragging their heels and now I contacted them @domaincapital

Does anyone know some other options? thanks in advance.

I don't understand, why would you need financing, you hold all the cards?

Tell him he can have the domain and you will set any settings he needs via your control panel.

Get him a schedule to pay the remainder 25k and then transfer the domain upon total repayment.

During this time the client can use the domain as they need but you keep full control until the domain is fully paid. You are the best guy to finance this, so unless your cost of the domain exceeded 25k I see no reason why you need an outside financier.

 

[koolishman]

I don't understand, why would you need financing, you hold all the cards?

Tell him he can have the domain and you will set any settings he needs via your control panel.

Get him a schedule to pay the remainder 25k and then transfer the domain upon total repayment.

During this time the client can use the domain as they need but you keep full control until the domain is fully paid. You are the best guy to finance this, so unless your cost of the domain exceeded 25k I see no reason why you need an outside financier.

Seller may need cash upfront.

 

[MapleDots]

Seller may need cash upfront.

Seller has no cash if he has no sale.
My way at least he has 25k and a repayment plan.

 

[koolishman]

Seller has no cash if he has no sale.
My way at least he has 25k and a repayment plan.

To each his own.

 

[Samer]

i got four figure loan from epik escrow ($x,xxx) Just dont put up junk domains as collateral. Everyone values domains differently; put best; and was given emergency life saving loan.

This different; tho like to hear @Rob Monster’s perspective; he reviews all the loan apps.

 

[alcy]

i got four figure loan from epik escrow ($x,xxx) Just dont put up junk domains as collateral. Everyone values domains differently; put best; and was given emergency life saving loan.

This different; tho like to hear @Rob Monster’s perspective; he reviews all the loan apps.

interesting.. I'd like to hear roughly your cost total for the domain they gave u loan for... I mean u pay like 5k for yer names to get 9k loan ..ty

 

[alcy]

I don't understand, why would you need financing, you hold all the cards?

Tell him he can have the domain and you will set any settings he needs via your control panel.

Get him a schedule to pay the remainder 25k and then transfer the domain upon total repayment.

During this time the client can use the domain as they need but you keep full control until the domain is fully paid. You are the best guy to finance this, so unless your cost of the domain exceeded 25k I see no reason why you need an outside financier.

its just called an escrow service

cause no sane person will send u 25k and let u keep full control of domain.

including u. or me. cause were sane.

 

[Rob Monster]

Easy to set up at Epik.

If you need help, just ask any of our support team.

Or just start it as escrow transaction:

https://escrow.epik.com/

The buyer will have use of the domain as long as they are making their monthly payments.

Congrats in advance.

 

[MapleDots]

its just called an escrow service

cause no sane person will send u 25k and let u keep full control of domain.

including u. or me. cause were sane.

The domain king finances domains like that all the time.

With a proper contract there is no reason why a buyer would feel hesitant, it all needs to be done on the up and up.

Believe it or not but some domainers run real businesses registered with sales tax numbers etc. Sure I can understand your point with a part time domainer but as soon as you have a legitimate business and can show that to the buyer with a proper bill of sale outlines the terms there really should be no issues.

 

[Lau.com]

OP hasn't replied but I'm guessing that he's not looking for an Escrow service. I think he has an offer of $50k with a downpayment of $25k and he wants all cash up front so he (the seller) is trying to find a financing solution for the buyer. So, maybe he wants it as:
- Seller receives $25k downpayment
- MoneyGuy sends seller $20k (a discount off the $25k)
- Buyer signs a $25k IOU to the MoneyGuy
- The domain is held in escrow for while the Buyer sends payments to the MoneyGuy
- if Buyer defaults, then the Escrow service releases the domain to MoneyGuy

Great deal for MoneyGuy (if the Buyer defaults, he gets a domain that "sold" for $50k for $20k or less.
Good deal for MoneyGuy if the Buyer doesn't default, he receives $25k on an advance of $20k.

Obviously the details of the discount, and the time period, are ultra-important.

@WhoaDomain.com is that pretty much what you are looking for?

 

[xynames]

Seller needs to be careful lest he ruins yet another potential sale.

 

[alcy]

The domain king finances domains like that all the time.

With a proper contract there is no reason why a buyer would feel hesitant, it all needs to be done on the up and up.

Believe it or not but some domainers run real businesses registered with sales tax numbers etc. Sure I can understand your point with a part time domainer but as soon as you have a legitimate business and can show that to the buyer with a proper bill of sale outlines the terms there really should be no issues.

I disagree. there is good reason why escrow services exist. while u seem to think they exist for no reason.

nice looking bills wont make me wire u 25k. that's a recipe for scams and losing money. and nobody should ever send no one 25k based on tax numbers or good looking Bills...

plz folks use escrow services. ita what they are for.

 

[koolishman]

I disagree. there is good reason why escrow services exist. while u seem to think they exist for no reason.

nice looking bills wont make me wire u 25k. that's a recipe for scams and losing money. and nobody should ever send no one 25k based on tax numbers or good looking Bills...

plz folks use escrow services. ita what they are for. yea no one then u will run Into real honest

Curious.

It was not Rob Monsters's reply you are quoting, but Mapledot's. How come Rob's name appears there as the owner of that quote?

 

[Samer]

Curious.

It was not Rob Monsters's reply you are quoting, but Mapledot's. How come Rob's name appears there as the owner of that quote?

He edited it; i already told him typo;
all good! alcy’s genuine poster

 

[alcy]

Curious.

It was not Rob Monsters's reply you are quoting, but Mapledot's. How come Rob's name appears there as the owner of that quote?

yeah tnx I changed it.
I was replying to something else