I don't know where he does it... but I know where it is done, hower it's a mixe of active and passive income.
Its called "factoring" When a business is short on cash, we step in.
We buy Net 30 invoices for a 5% discount. Wait the 20-30 days and collect full payment on the original invoice.
After overhead we usually make 3%. I have some buddies that buy at 10%... same overhead... not a bad return for 30 days.
Google factoring...
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