The BizBuySell Small Business Community

  • Get Expert Advice

  •  • Find Local Service Professionals

  •  • Share Your Experiences

buying an oil well with 80k as a down payment and a credit score of 800 I have no liabilities I am about to ge

what would be my ROI and what is the biggest loan I could get how risky is that business

No User Photo

Answer This Question

max 5000 characters

Web Reference (optional)

e.g., ""

Review Community Guidelines

Help keep our Community clean and on topic. The BizBuySell Community is a place where you can discuss your questions, concerns and knowledge with others you can trust. It is not OK to use this forum to solicit others for personal or financial gain, or to rant about personal issues. It's all in the guidelines.

Submit Your Answer
Answers (2)
No User Photo

Watch out! Make sure you check out similar past deals that the seller was involved in. Meet face to face with other investors on other deals your seller made. Don't assume anything. There are plenty of scammers in these "oil well" deals.

If this is not your field of expertise than you better pass on it.

May 1, 2011
No User Photo
IC Tool Suite
Sarasota County, FL

Hello Will,

If you have strong credit we can put funding in place where the business model is not reviewed and the money can be utilized for any purpose.

John Briches

Apr 26, 2011

Start a Discussion