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SVTPerformance's Chain of Restaurants
Road Side Pub
Owning multiple cars/toys
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<blockquote data-quote="SID297" data-source="post: 15543687" data-attributes="member: 8858"><p>I've done that before as well. It's easy to take a couple car titles to the bank and walk out with $60,000, especially when buying real estate. Loans on land just keep getting harder and more expensive to get. The hassle just isn't worth it if you plan on flipping. I started re-fi'ing vehicles to quickly bank roll these short term projects. I deal with a couple small banks and they have gotten to the point that they don't even waste the time and money filing liens on the cars. The know they'll be getting their money back in less than a month.</p><p></p><p></p><p></p><p>When it got to the point that I would have to start chasing down dead batteries and bad fuel I knew I had enough.</p></blockquote><p></p>
[QUOTE="SID297, post: 15543687, member: 8858"] I've done that before as well. It's easy to take a couple car titles to the bank and walk out with $60,000, especially when buying real estate. Loans on land just keep getting harder and more expensive to get. The hassle just isn't worth it if you plan on flipping. I started re-fi'ing vehicles to quickly bank roll these short term projects. I deal with a couple small banks and they have gotten to the point that they don't even waste the time and money filing liens on the cars. The know they'll be getting their money back in less than a month. When it got to the point that I would have to start chasing down dead batteries and bad fuel I knew I had enough. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Owning multiple cars/toys
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