Quote:
Originally Posted by SmokeyTheBear
tell him to sell his yacht to you for 20k, you will sell it back for 25k when he has the cash
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Best suggestion, demand collateral.. If the guys gonna pay you back with his credit cards, but doesnt want to put it on his credit cards then what the fuck is the difference? It's still coming off his credit cards.
I'd say without a title in hand for something of value of $20k plus then it's a NO GO..
I've been fucking BURNED too many times in the past, and I don't loan money without legal docs in place and collateral now.
business is business, and this $20k is in fact a business loan..
Also, if he has all this property, and all these assets, he should be able to get a $20k loan from the bank in 15 minutes..