I'm looking to buy a website on Flippa that is likely going to sell for $200K+.
I don't have the resources to buy this website with my own money. What other ways can I "fund" buying this website?
Is it possible to raise money on AngelList for buying and revamping another business? The current owner is mis-managing the business and it's a tremendous business opportunity.
What is the current profit of the business if you don't mind me asking?
$200K+ is a huge amount of money, and given you are possibly a first time entrepreneur I am very scared for you if you start off a venture with that level of debt. If the site is making $100K+ a year in profit then it MAY be worth the gamble (I would take it only after a very lengthy due diligence process) - But I can guarantee you that you could build whatever site it is, for a fraction of that price.
So the question is, what are you actually spending $200K on? The actual physical website would be worth $10K at the very most.
No, that would not be possible. I say impossible not because it is illegal or impractical or actually impossible, but because you will never find anyone within your lifetime to agree to that deal. It is hard enough raising money to purchase a 'safe' real estate deal, but Flippa is full of fraud and there are so many specific, technical skills required for an online business.