|
#1
02-16-2006, 11:41 AM
Join Date: Nov 2004
Location: On my way to Hummersgonewild!
Posts: 830
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...
__________________
\"I\'ll worry about the splinter in my eye when you worry about the plank in your\'s\"
2 Pissed off dealer mechanics, Origami frame, Convex UCP, 2 Bent cross members, Dented driveshaft, Broken sway bar mounts, misaligned transmission, exhaust leak, Pl
«
Previous Thread
|
Next Thread
»
Thread Tools
Search this Thread
Display Modes
Posting Rules
All times are GMT +1. The time now is 12:52 PM.
Hybrid Mode