Quote:
Originally Posted by kaisen
I'll give you a better return, interest paid monthly. Fully collateralized (and liquid) with less risk, for my business inventory floorplan.  |
A friend of mine tried the RTO/LTO business and had a few investors put up many hundreds of thousands of dollars all of which was secured by vehicles. The problem was the security interests were not vested and the collateral was not properly identified. Through very poor management the business went under and the investors lost everything. It was a mess.