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06-30-2014, 02:18 PM #1
- Join Date
- Feb 2014
- Location
- Long Island, NY
- Posts
- 9
It's a 1.52 factor no matter how you slice it, even if he's paying off an existing balance. but 1.38 is about average.
It's a good deal if the merchant needs the cash and you can put that cash in their hand.
So what's the problem?
He's not bank quality with a 610 score.
Selling isn't telling. Price is what you pay...VALUE is what you GET. So $20K in his hand and assuming he needs it for a damn good reason...that's the value. I'd quit wrestling over it, fund it, rinse and repeat. That's the business.
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07-02-2014, 05:33 PM #2
- Join Date
- Jun 2014
- Location
- New York
- Posts
- 22
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