Would U Loan Out $20,000.00

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  • Barefootsies
    Choice is an Illusion
    • Feb 2005
    • 42635
    #1

    Would U Loan Out $20,000.00

    Premise:
    You get a request for $20,000.00 short term loan. They want to buy a car wash, $100,000.00, and need the 20% down payment.

    They claim they could pull it off their credit card, but then take a hit on their credit score. Which raises their interest rate before closing. So doing it this way, would allow them to pick up the property without doing it.

    Once the property gets to closing, they could pull your $20,000.00 off their card(s), + 7%, and pay you back. So you could leave it with them, collecting 7% instead of what the bank interest rate is. Or you can cash out, take your money back, plus 7% fee.

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    • MaDalton
      I am Amazing Content!
      • Feb 2004
      • 39861
      #2
      no

      345678
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        • 96ukssob
          So Fucking Banananananas
          • Mar 2003
          • 12991
          #3
          no way. i lent my two friends a pretty big chunk of change for them to buy a lambo last year with the promise it would be paid back in 3 months plus 10% fee on top. its been 9 months, cars gone, they are broke and im out a ton of cash

          i personally wouldnt do it unless he/she can back it in equity
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            Comment

            • Reak AGV
              Confirmed User
              • Dec 2004
              • 4283
              #4
              Why would you loan out money to buy a lambo? That doesnt sound very wise to me..

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                • bushwacker
                  Confirmed User
                  • Jun 2002
                  • 2817
                  #5
                  Originally posted by Barefootsies
                  Premise:
                  You get a request for $20,000.00 short term loan. They want to buy a car wash, $100,000.00, and need the 20% down payment.

                  They claim they could pull it off their credit card, but then take a hit on their credit score. Which raises their interest rate before closing. So doing it this way, would allow them to pick up the property without doing it.

                  Once the property gets to closing, they could pull your $20,000.00 off their card(s), + 7%, and pay you back. So you could leave it with them, collecting 7% instead of what the bank interest rate is. Or you can cash out, take your money back, plus 7% fee.

                  Lawyer up.

                    Comment

                    • NicAngel
                      Confirmed User
                      • Jun 2008
                      • 817
                      #6
                      I would personally do it only if I had the extra money and I didn't expect to be paid back. I haver been down ad out too many times and needed the help. I also know how ledig money can ruin a friendship or cause family problems.

                      I think if you can do it that is a wonderful and caring trait but don't expect to be paid back and only do it if it won't put your family in a hardship.
                      ICQ# 400925426

                        Comment

                        • JamesK
                          hi
                          • Jun 2002
                          • 16731
                          #7
                          Originally posted by Reak AGV
                          Why would you loan out money to buy a lambo? That doesnt sound very wise to me..
                          Some people
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                            • Barefootsies
                              Choice is an Illusion
                              • Feb 2005
                              • 42635
                              #8
                              Originally posted by NicAngel
                              I would personally do it only if I had the extra money and I didn't expect to be paid back. I haver been down ad out too many times and needed the help. I also know how ledig money can ruin a friendship or cause family problems.

                              I think if you can do it that is a wonderful and caring trait but don't expect to be paid back and only do it if it won't put your family in a hardship.
                              Agreed on many points posted.
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                                • Barefootsies
                                  Choice is an Illusion
                                  • Feb 2005
                                  • 42635
                                  #9
                                  I should probably include some back story for a more realistic, fair, assessment.


                                  1. Person asking is minority business partner in porn company.
                                  2. He owns half million dollar house.
                                  3. Has a 44 foot yacht.
                                  4. Owns something like 20-30 rental properties.
                                  5. Has a half a dozen car washes.

                                  So it's not like it's some, broke as a joke, family member or friend. He is asset rich, just no liquid cash on hand that he can easily get to. He wants to pick up this new car wash as he is moving from real estate to car washes for his main investments.

                                  I had helped him previously with a $4,000.00 loan, and he paid it back in 10 days time. But I am having a hard time choking down $20,000.00.
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                                  Enough Said.

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                                    • tranza
                                      ICQ: 197-556-237
                                      • Jun 2003
                                      • 57559
                                      #10
                                      Originally posted by Barefootsies
                                      I should probably include some back story for a more realistic, fair, assessment.


                                      1. Person asking is minority business partner in porn company.
                                      2. He owns half million dollar house.
                                      3. Has a 44 foot yacht.
                                      4. Owns something like 20-30 rental properties.
                                      5. Has a half a dozen car washes.

                                      So it's not like it's some, broke as a joke, family member or friend. He is asset rich, just no liquid cash on hand that he can easily get to. He wants to pick up this new car wash as he is moving from real estate to car washes for his main investments.

                                      I had helped him previously with a $4,000.00 loan, and he paid it back in 10 days time. But I am having a hard time choking down $20,000.00.
                                      After hearing the background story, I'd say HELL NO!

                                      Seems like he wants to gamble with your money.

                                      I'm just a newbie.

                                        Comment

                                        • JamesK
                                          hi
                                          • Jun 2002
                                          • 16731
                                          #11
                                          I wouldn't do it. I don't trust anyone. Unless I was a millionaire myself and a 20k loss wouldn't hurt me.
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                                            • MaDalton
                                              I am Amazing Content!
                                              • Feb 2004
                                              • 39861
                                              #12
                                              if he's a minority partner with those assets and you have a hard time with $20K then you are doing something wrong ;))
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                                                • Barefootsies
                                                  Choice is an Illusion
                                                  • Feb 2005
                                                  • 42635
                                                  #13
                                                  Originally posted by JamesK
                                                  I wouldn't do it. I don't trust anyone. Unless I was a millionaire myself and a 20k loss wouldn't hurt me.
                                                  So if you were a webmaster on GFY.... (pause for laughter)

                                                  and rolling in a lambo, living in a mansion on the hill, partying with Heff, getting your balls sucked, and asshole eaten out by all the beautiful platnium blonds in your town, and wiping your ass wit fitties.....


                                                  then you'd do it?

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                                                    • SmokeyTheBear
                                                      ►SouthOfHeaven
                                                      • Jun 2004
                                                      • 28609
                                                      #14
                                                      Originally posted by Barefootsies
                                                      I should probably include some back story for a more realistic, fair, assessment.


                                                      1. Person asking is minority business partner in porn company.
                                                      2. He owns half million dollar house.
                                                      3. Has a 44 foot yacht.
                                                      4. Owns something like 20-30 rental properties.
                                                      5. Has a half a dozen car washes.

                                                      So it's not like it's some, broke as a joke, family member or friend. He is asset rich, just no liquid cash on hand that he can easily get to. He wants to pick up this new car wash as he is moving from real estate to car washes for his main investments.

                                                      I had helped him previously with a $4,000.00 loan, and he paid it back in 10 days time. But I am having a hard time choking down $20,000.00.
                                                      tell him to sell his yacht to you for 20k, you will sell it back for 25k when he has the cash
                                                      hatisblack at yahoo.com

                                                        Comment

                                                        • Reak AGV
                                                          Confirmed User
                                                          • Dec 2004
                                                          • 4283
                                                          #15
                                                          Originally posted by Barefootsies
                                                          I should probably include some back story for a more realistic, fair, assessment.


                                                          1. Person asking is minority business partner in porn company.
                                                          2. He owns half million dollar house.
                                                          3. Has a 44 foot yacht.
                                                          4. Owns something like 20-30 rental properties.
                                                          5. Has a half a dozen car washes.

                                                          So it's not like it's some, broke as a joke, family member or friend. He is asset rich, just no liquid cash on hand that he can easily get to. He wants to pick up this new car wash as he is moving from real estate to car washes for his main investments.

                                                          I had helped him previously with a $4,000.00 loan, and he paid it back in 10 days time. But I am having a hard time choking down $20,000.00.
                                                          He shouldn't have any problems choking up $20.000 if he owns all of those 5 above. Or get something from a bank.
                                                          Last edited by Reak AGV; 08-14-2008, 09:39 AM.

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                                                            • Barefootsies
                                                              Choice is an Illusion
                                                              • Feb 2005
                                                              • 42635
                                                              #16
                                                              Originally posted by MaDalton
                                                              if he's a minority partner with those assets and you have a hard time with $20K then you are doing something wrong ;))
                                                              I think you mean he is.

                                                              My main issues with this is, I have liquid assets. He is more capital investment, obviously. So while he is not broke... I am getting the feeling I am First National Bank of Barefootsies.

                                                              Which I do not really care, or want, to be.

                                                              Frankly, I am not a gambler. Most friends would barely have the balls to ask for a few hundred dollars. Maybe a grand. But when you start asking for 4-20k consistently....
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                                                              Enough Said.

                                                              "Would you rather live like a king for a year or like a prince forever?"

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                                                                • CDSmith
                                                                  Too lazy to set a custom title
                                                                  • May 2001
                                                                  • 51460
                                                                  #17
                                                                  Originally posted by Barefootsies
                                                                  I should probably include some back story for a more realistic, fair, assessment.


                                                                  1. Person asking is minority business partner in porn company.
                                                                  2. He owns half million dollar house.
                                                                  3. Has a 44 foot yacht.
                                                                  4. Owns something like 20-30 rental properties.
                                                                  5. Has a half a dozen car washes.

                                                                  So it's not like it's some, broke as a joke, family member or friend. He is asset rich, just no liquid cash on hand that he can easily get to. He wants to pick up this new car wash as he is moving from real estate to car washes for his main investments.

                                                                  I had helped him previously with a $4,000.00 loan, and he paid it back in 10 days time. But I am having a hard time choking down $20,000.00.
                                                                  I'm not saying I wouldn't consider it, but I have to say that one red flag that would go up for me would be why someone who owns all that can't come up with a lousy $20k? I mean really, My house is barely worth half of his yet I can get a "prime+1" low interest line of credit attached to my mortgage for $50k in the blink of an eye from my bank whenever I want it.

                                                                  Something just doesn't feel right with this picture.

                                                                  I would want everything put in lawyerspeak, definitely, including me being able to garnishee his rental income if he defaults on the deal, or something like it.


                                                                  Btw, why does he "take a hit" on his credit score just for pulling the $20k from his card? I don't get it. As long as you pay the card back there should be no "hit" at all, should there? Also, if he is a homeowner, why doesn't he have a low-interest credit card? Mine is at 8% interest, regular interest rate on Visa here is over 19%.
                                                                  Last edited by CDSmith; 08-14-2008, 09:40 AM.
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                                                                    • Barefootsies
                                                                      Choice is an Illusion
                                                                      • Feb 2005
                                                                      • 42635
                                                                      #18
                                                                      Originally posted by Reak AGV
                                                                      He shouldn't have any problems choking up $20.000 if he owns all of those 5 above. Or get something from a bank.
                                                                      Well, he could refi, or borrow from his $50k credit cards or whatever. But then he's going to take a hit on the credit score, is his premise. So instead of getting 9% with his a+ credit score, he gets 12%

                                                                      (for the record, I haven't a clue what interest rates on commercial is other than it's higher than resi, just giving example).
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                                                                      Enough Said.

                                                                      "Would you rather live like a king for a year or like a prince forever?"

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                                                                        • media
                                                                          Confirmed Moneymaker
                                                                          • Apr 2002
                                                                          • 9853
                                                                          #19
                                                                          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
                                                                          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..
                                                                          I'm here for the violence!

                                                                            Comment

                                                                            • CDSmith
                                                                              Too lazy to set a custom title
                                                                              • May 2001
                                                                              • 51460
                                                                              #20
                                                                              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
                                                                              You are always so full of great ideas.
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                                                                                • LeRoy
                                                                                  Porn Pusher
                                                                                  • Jul 2007
                                                                                  • 13364
                                                                                  #21
                                                                                  I used to own an auto detailing biz.

                                                                                  The money is better if you own a car wash facility.

                                                                                  IMO go for it
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                                                                                    • JamesK
                                                                                      hi
                                                                                      • Jun 2002
                                                                                      • 16731
                                                                                      #22
                                                                                      Originally posted by Barefootsies
                                                                                      So if you were a webmaster on GFY.... (pause for laughter)

                                                                                      and rolling in a lambo, living in a mansion on the hill, partying with Heff, getting your balls sucked, and asshole eaten out by all the beautiful platnium blonds in your town, and wiping your ass wit fitties.....


                                                                                      then you'd do it?

                                                                                      You forgot the golden chains and 20" rims, but yes.
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                                                                                        • farkedup
                                                                                          Confirmed User
                                                                                          • Nov 2007
                                                                                          • 2490
                                                                                          #23
                                                                                          I wouldn't do it, if the guy has those kinds of assets he SHOULD be in the 800 credit score ballpark and a simple $20k loan won't hurt him. If he doesn't go through a loan broker and just goes straight to his bank they run his credit ONCE which doesn't really hurt your score more than 5 points max BUT they got his score from before that pull though. Unless he shops around or fucks something up his credit won't be affected. Possibly if he's had an insane number of credit checks the past 2 years it could be an issue but WTF is 1 more if he's already got a ton. I just watched TWELVE credit checks go off my record this summer all from 2 transactions where I allowed people to "shop around for the lowest rate" from back when I was rich enough to not give a shit.
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                                                                                            • Reak AGV
                                                                                              Confirmed User
                                                                                              • Dec 2004
                                                                                              • 4283
                                                                                              #24
                                                                                              Originally posted by Barefootsies
                                                                                              Well, he could refi, or borrow from his $50k credit cards or whatever. But then he's going to take a hit on the credit score, is his premise. So instead of getting 9% with his a+ credit score, he gets 12%

                                                                                              (for the record, I haven't a clue what interest rates on commercial is other than it's higher than resi, just giving example).
                                                                                              Tell him to sell you the boat, good idea from Smokey

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                                                                                                • Barefootsies
                                                                                                  Choice is an Illusion
                                                                                                  • Feb 2005
                                                                                                  • 42635
                                                                                                  #25
                                                                                                  Originally posted by CDSmith
                                                                                                  I'm not saying I wouldn't consider it, but I have to say that one red flag that would go up for me would be why someone who owns all that can't come up with a lousy $20k? I mean really, My house is barely worth half of his yet I can get a "prime+1" low interest line of credit attached to my mortgage for $50k in the blink of an eye from my bank whenever I want it.

                                                                                                  Something just doesn't feel right with this picture.

                                                                                                  I would want everything put in lawyerspeak, definitely, including me being able to garnishee his rental income if he defaults on the deal, or something like it.


                                                                                                  Btw, why does he "take a hit" on his credit score just for pulling the $20k from his card? I don't get it. As long as you pay the card back there should be no "hit" at all, should there? Also, if he is a homeowner, why doesn't he have a low-interest credit card? Mine is at 8% interest, regular interest rate on Visa here is over 19%.
                                                                                                  Good advice as always Smitty.

                                                                                                  To the point, I do not know...

                                                                                                  I have known him for something like 10 years. Been doing business with him as a partner for around half that. We are more a less business partners (70/30). I do not hang out with, or talk to him, unless business related.

                                                                                                  I do not get into all his dealings, nor share all of mine, outside of the business. So I am not sure what all he does, and doesn't have in regards to equity credit lines, and such other than what he has disclosed.

                                                                                                  I DO know he has properties because myself, and models, have lived in them and I know the maintenance dudes. I also know the bank manager (before moving almost all my business to a credit union), and mortgage broker he/I use. So it's not that it can't be verified.
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                                                                                                    • Barefootsies
                                                                                                      Choice is an Illusion
                                                                                                      • Feb 2005
                                                                                                      • 42635
                                                                                                      #26
                                                                                                      Originally posted by media
                                                                                                      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..
                                                                                                      Good points mate.
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                                                                                                      Enough Said.

                                                                                                      "Would you rather live like a king for a year or like a prince forever?"

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                                                                                                        • Dennis Rodman
                                                                                                          So Fucking Banned
                                                                                                          • Jan 2005
                                                                                                          • 1060
                                                                                                          #27
                                                                                                          Originally posted by Reak AGV
                                                                                                          Why would you loan out money to buy a lambo? That doesnt sound very wise to me..
                                                                                                          yeah, that's a fucking moron.

                                                                                                          And he's a liar

                                                                                                            Comment

                                                                                                            • Barefootsies
                                                                                                              Choice is an Illusion
                                                                                                              • Feb 2005
                                                                                                              • 42635
                                                                                                              #28
                                                                                                              Originally posted by farkedup
                                                                                                              Possibly if he's had an insane number of credit checks the past 2 years it could be an issue but WTF is 1 more if he's already got a ton. I just watched TWELVE credit checks go off my record this summer all from 2 transactions where I allowed people to "shop around for the lowest rate" from back when I was rich enough to not give a shit.
                                                                                                              I was burned on that SAME bullshit myself.
                                                                                                              Should You Email Your Members?

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                                                                                                              Enough Said.

                                                                                                              "Would you rather live like a king for a year or like a prince forever?"

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                                                                                                                • notime
                                                                                                                  Confirmed User
                                                                                                                  • Jun 2003
                                                                                                                  • 8027
                                                                                                                  #29
                                                                                                                  Originally posted by Barefootsies
                                                                                                                  I should probably include some back story for a more realistic, fair, assessment.


                                                                                                                  1. Person asking is minority business partner in porn company.
                                                                                                                  2. He owns half million dollar house.
                                                                                                                  3. Has a 44 foot yacht.
                                                                                                                  4. Owns something like 20-30 rental properties.
                                                                                                                  5. Has a half a dozen car washes.

                                                                                                                  So it's not like it's some, broke as a joke, family member or friend. He is asset rich, just no liquid cash on hand that he can easily get to. He wants to pick up this new car wash as he is moving from real estate to car washes for his main investments.

                                                                                                                  I had helped him previously with a $4,000.00 loan, and he paid it back in 10 days time. But I am having a hard time choking down $20,000.00.
                                                                                                                  If so , any bank would gladly finance him, so why turn to you?
                                                                                                                  Keep in in your pocket !
                                                                                                                  Lending money means losing friends later

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                                                                                                                    • Barefootsies
                                                                                                                      Choice is an Illusion
                                                                                                                      • Feb 2005
                                                                                                                      • 42635
                                                                                                                      #30
                                                                                                                      Originally posted by JamesK
                                                                                                                      You forgot the golden chains and 20" rims, but yes.
                                                                                                                      Should You Email Your Members?

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                                                                                                                      Enough Said.

                                                                                                                      "Would you rather live like a king for a year or like a prince forever?"

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                                                                                                                        • woj
                                                                                                                          <&(©¿©)&>
                                                                                                                          • Jul 2002
                                                                                                                          • 47882
                                                                                                                          #31
                                                                                                                          is it 7&#37; and get paid back in a month for a quick $1400 profit??
                                                                                                                          or 7% annual rate paid back in a month for $100 or so profit?

                                                                                                                          if it's the latter, then fuck that... way too much drama + risk for measly $100 profit...
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                                                                                                                            • Barefootsies
                                                                                                                              Choice is an Illusion
                                                                                                                              • Feb 2005
                                                                                                                              • 42635
                                                                                                                              #32
                                                                                                                              Originally posted by woj
                                                                                                                              is it 7&#37; and get paid back in a month for a quick $1400 profit?
                                                                                                                              That was the deal.

                                                                                                                              He said, you could leave it with him, and keep collecting 7% monthly from him instead of what the bank is giving you (I haven't a clue, but he said 1.5-2%) or you can just cash out, take your $1400.00 after the car wash deal, and call it a day.

                                                                                                                              Quick money for you, and he gets his car wash.
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                                                                                                                              Enough Said.

                                                                                                                              "Would you rather live like a king for a year or like a prince forever?"

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                                                                                                                                • Barefootsies
                                                                                                                                  Choice is an Illusion
                                                                                                                                  • Feb 2005
                                                                                                                                  • 42635
                                                                                                                                  #33
                                                                                                                                  Originally posted by D2222
                                                                                                                                  The money is better if you own a car wash facility.
                                                                                                                                  Yeah, that is what he, and others have said.

                                                                                                                                  Coin laundry was the other thing, but you have some major capital expense with all the machines I guess. Some other hot ideas are storage places, and check cashing.

                                                                                                                                  I really do not know as I have no interest in either or them, but that is just what he, and others have mentioned in the 'all cash business' investment dealings.
                                                                                                                                  Last edited by Barefootsies; 08-14-2008, 10:06 AM.
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                                                                                                                                  "Would you rather live like a king for a year or like a prince forever?"

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                                                                                                                                    • Reak AGV
                                                                                                                                      Confirmed User
                                                                                                                                      • Dec 2004
                                                                                                                                      • 4283
                                                                                                                                      #34
                                                                                                                                      Originally posted by Barefootsies
                                                                                                                                      That was the deal.

                                                                                                                                      He said, you could leave it with him, and keep collecting 7% monthly from him instead of what the bank is giving you (I haven't a clue, but he said 1.5-2%) or you can just cash out, take your $1400.00 after the car wash deal, and call it a day.

                                                                                                                                      Quick money for you, and he gets his car wash.
                                                                                                                                      If he would loan it from a bank, and would pay back in 1 month he would only have to pay like 1% (if yearly rate is 12%) plus the ''openings/agreement'' fees. In holland it's called ''running credit'' and basicly you can pay what ever you have that month. I dont know a lot about loans but the interests rate is based per year, so 12% would make 1% a month interest.

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                                                                                                                                        • polle54
                                                                                                                                          Confirmed User
                                                                                                                                          • Jul 2004
                                                                                                                                          • 4626
                                                                                                                                          #35
                                                                                                                                          in that scenario no fucking way I would do that for 7&#37; LOL

                                                                                                                                          15% and I would consider, but probably still turn it down, unless I could have proper paper work done on it so I could sure them later on if something fucks up.
                                                                                                                                          ICQ# 143561781

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                                                                                                                                            • Barefootsies
                                                                                                                                              Choice is an Illusion
                                                                                                                                              • Feb 2005
                                                                                                                                              • 42635
                                                                                                                                              #36
                                                                                                                                              I wonder if polish_aristocrat would.








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                                                                                                                                              Enough Said.

                                                                                                                                              "Would you rather live like a king for a year or like a prince forever?"

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                                                                                                                                                • Jeka
                                                                                                                                                  Confirmed User
                                                                                                                                                  • Oct 2002
                                                                                                                                                  • 123
                                                                                                                                                  #37
                                                                                                                                                  That's 84&#37; interest rate lol. Who would pay that much? Smells fishy in my opinion.
                                                                                                                                                  Om Nom Nom Nom

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                                                                                                                                                    • Barefootsies
                                                                                                                                                      Choice is an Illusion
                                                                                                                                                      • Feb 2005
                                                                                                                                                      • 42635
                                                                                                                                                      #38
                                                                                                                                                      Originally posted by Jeka
                                                                                                                                                      That's 84% interest rate lol. Who would pay that much? Smells fishy in my opinion.
                                                                                                                                                      Someone who wants $20,000.00 to buy another investment property.
                                                                                                                                                      Should You Email Your Members?

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                                                                                                                                                      Enough Said.

                                                                                                                                                      "Would you rather live like a king for a year or like a prince forever?"

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                                                                                                                                                        • fastboy
                                                                                                                                                          Confirmed User
                                                                                                                                                          • May 2002
                                                                                                                                                          • 517
                                                                                                                                                          #39
                                                                                                                                                          simply said, no
                                                                                                                                                          this look to me risky

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                                                                                                                                                            • Kenny B!
                                                                                                                                                              Confirmed Abuser
                                                                                                                                                              • Jun 2003
                                                                                                                                                              • 5718
                                                                                                                                                              #40
                                                                                                                                                              He has collateral, have him sign over some of his assets if he defaults on the repayment.
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                                                                                                                                                                • klaze
                                                                                                                                                                  So Fucking Banned
                                                                                                                                                                  • May 2008
                                                                                                                                                                  • 2167
                                                                                                                                                                  #41
                                                                                                                                                                  Why the fuck would you ask on GFY?

                                                                                                                                                                  Those are some pretty stupid responses.

                                                                                                                                                                  hahahaha.

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                                                                                                                                                                    • pornguy
                                                                                                                                                                      Too lazy to set a custom title
                                                                                                                                                                      • Mar 2003
                                                                                                                                                                      • 62912
                                                                                                                                                                      #42
                                                                                                                                                                      Do the legal numbers on the place. Might be worth being a silent partner. But things are slow right now.
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                                                                                                                                                                        • Barefootsies
                                                                                                                                                                          Choice is an Illusion
                                                                                                                                                                          • Feb 2005
                                                                                                                                                                          • 42635
                                                                                                                                                                          #43
                                                                                                                                                                          Originally posted by pornguy
                                                                                                                                                                          Do the legal numbers on the place. Might be worth being a silent partner. But things are slow right now.
                                                                                                                                                                          Yeah...

                                                                                                                                                                          He had floated that idea previously, and I passed. WTF do I know about car washes?

                                                                                                                                                                          Simply said. If you can do it yourself, without a business partner, especially an alpha male, then do it yourself at all costs.
                                                                                                                                                                          Should You Email Your Members?

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                                                                                                                                                                          Enough Said.

                                                                                                                                                                          "Would you rather live like a king for a year or like a prince forever?"

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                                                                                                                                                                            • WiredGuy
                                                                                                                                                                              Pounding Googlebot
                                                                                                                                                                              • Aug 2002
                                                                                                                                                                              • 34512
                                                                                                                                                                              #44
                                                                                                                                                                              He has assets so get a lawyer to draft up a general security agreement to seize up to the amount you are lending to him. Go with the house if you can as that's probably the most secure of his assets. Make sure he pays all legal fees in addition to the funds you'll advance him.
                                                                                                                                                                              WG
                                                                                                                                                                              I play with Google.

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                                                                                                                                                                                • flowereater
                                                                                                                                                                                  Confirmed User
                                                                                                                                                                                  • Oct 2007
                                                                                                                                                                                  • 621
                                                                                                                                                                                  #45
                                                                                                                                                                                  youre rich!!!
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                                                                                                                                                                                    • The Duck
                                                                                                                                                                                      Adult Content Provider
                                                                                                                                                                                      • May 2005
                                                                                                                                                                                      • 18243
                                                                                                                                                                                      #46
                                                                                                                                                                                      no fucking way
                                                                                                                                                                                      Skype Horusmaia
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                                                                                                                                                                                        • Barefootsies
                                                                                                                                                                                          Choice is an Illusion
                                                                                                                                                                                          • Feb 2005
                                                                                                                                                                                          • 42635
                                                                                                                                                                                          #47
                                                                                                                                                                                          Originally posted by flowereater
                                                                                                                                                                                          youre rich!!!
                                                                                                                                                                                          LOL....

                                                                                                                                                                                          I do not own all the shit business partner does.

                                                                                                                                                                                          Nor am I the GFY rolling in a lambo, with super models eating out my asshole, flashing mad bling, wiping my ass wit fitties, drinking fowties, and living in a mansion like polish_aristocrat.

                                                                                                                                                                                          Should You Email Your Members?

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                                                                                                                                                                                          Enough Said.

                                                                                                                                                                                          "Would you rather live like a king for a year or like a prince forever?"

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                                                                                                                                                                                            • andrej_NDC
                                                                                                                                                                                              Registered User
                                                                                                                                                                                              • May 2004
                                                                                                                                                                                              • 7760
                                                                                                                                                                                              #48
                                                                                                                                                                                              Originally posted by Barefootsies
                                                                                                                                                                                              I wonder if polish_aristocrat would.
                                                                                                                                                                                              Did I miss anything about polish?

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                                                                                                                                                                                                • Dirty D
                                                                                                                                                                                                  Confirmed User
                                                                                                                                                                                                  • May 2002
                                                                                                                                                                                                  • 4044
                                                                                                                                                                                                  #49
                                                                                                                                                                                                  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
                                                                                                                                                                                                  Quoted for the truth...

                                                                                                                                                                                                  No one with assets like that needs someone else to put up $20k.

                                                                                                                                                                                                  Back it up with some collateral or you will be sorry.

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                                                                                                                                                                                                    • slapass
                                                                                                                                                                                                      Too lazy to set a custom title
                                                                                                                                                                                                      • Nov 2002
                                                                                                                                                                                                      • 14625
                                                                                                                                                                                                      #50
                                                                                                                                                                                                      I would do it. The story checks out form my standpoint. I have done similar things in that you want to look all cashed up for the bank when you buy it and then you can do what you want. Yep he is more then a bit cash poor for a guy with those assets but so what?

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