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Alias Born | 04/04/2014 |
Thursday, January 07, 2016 12:39:45 PM
I hear you loud and clear, but guess what, your correct, that is how it all works.
So many of these people have more connections that know more about finances than they have hair on their heads, which makes them extremely useful in networks of such people. Mix in a few idea people and pow, we've got a pinky.
For example, say jim-bob needs a new truck, he hits the bank up because he's got a good job at the local choke and puke, and everyone knows and can count on him to sling those lunches on time. Bank says sign here, but your interests is kinda high, well you know because of your zip code and well, you sling burgers from a re manufactured caboose on the side of hywy 6.
So for 35 thousand on the note and 8% top that amortized over 7 years, and jim-bob own the truck free n clear.
Same thing , pinky ERBB collects their buddies in the know, and their networks, sooner than later they are making deals, gotta have that machine it aint free, so we'll say (making a number up) 5k per machine, deals signed that states the interest is the difference between what was loaned out in cash or assets, and the final payoff. Sure, lots of caveats, and the interest is higher because it's a much more volatile situation, risky and all.
Legal. Lovely. and functional.
The trick for us 'commoners' is to get in at the right time , and ride their game plan til just before the roller coaster hits the top, then ask the conductor to get off the ride, that's all for me thank you have a nice day.
Disclaimer: Everything I post is opinion and is not to be taken as investment advice. You make your own decisions based on your own judgement. Do your own DD = 'Due Diligence' = Your trade, Your responsibility.
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