I’m 23 with $30K that I’ve saved over the years. I created a company that loans real estate flippers rehab loans I charge 20% monthly interest. I also partner with friends my age to fund bigger rehab deals.
In short, I want to obtain more working capital to write more loans.
Here’s the scoop, I own a luxury car that’s paid for in cash and I don’t want to use my credit to take a loan against it. It’s worth about $35K I am having trouble finding an investor that will do a title loan of some kind for around $20K even though the car is in one of my businesses names.
What do you recommend that I do to leverage this vehicles value? Going to a traditional bank is not an option. I’d rather not sell my car but long term wealth management makes more sense at the end of the day. Just seeking options.
Thanks!
Submitted August 17, 2019 at 11:49PM by inarut22 https://ift.tt/2MmVIU4
