5S Cattle
Well-known member
So theoretically, I have a $10,000 line of credit at Langford Herefords in Oklahoma. If someone was to ask me how much I wanted for said line of credit, I'd say $9500 obo. Pm if interested in this
Hereford guys, take a look
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5S Cattle
Well-known member
Nada?
slick4591
Well-known member
So, let me get this straight. You have a credit line that you would have to pay back if you decided to use it, but you think it has a cash value and desire me to purchase it for $9500, correct? Am I missing the fact that you are willing to pay the $10,000 amount off? Or, do you expect me to pay the entire $10,000 off after purchasing from you?
Is it a line of credit or do they owe you $10,000 in cattle and you're willing to sell it at a discount?
5S Cattle
Well-known member
They owe me 10k in cattle and I'm selling it at a discount. Sorry for the confusion.
callmefence
Keyboard cowboy
Well I'm just dying to ask...I reckon you'll say what can.
5S Cattle":12mqz74t said:
That's the way I understood it. I buy notes and accounts receivable at a discount from time to time.
slick4591
Well-known member
5S Cattle":2loo576z said:
That makes a lot more sense than what I thought I was reading.
He has a $10K credit... not line of credit... that he will sell for $9500.
mwj
Well-known member
The big thing is will they honor the credit if it is transferred to another person.
5S Cattle
Well-known member
Already checked with them, they will. You're free to call them if you'd like.mwj":3t3e51f6 said:
ALACOWMAN
Well-known member
$9500.00 in a situation like that,could go in a lot of directions...id never have any luck with a deal like that.. They'ed see me coming miles away.. """Hey! I really like that one"""how much for him?? Oh I'd have to have 9500.00! On that one.
ALACOWMAN":2yo9bivz said:
Ya $500 is not worth it... maybe 60 or 75 cents on the dollar
