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Question about borrowing money
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<blockquote data-quote="backhoeboogie" data-source="post: 1040892" data-attributes="member: 3162"><p>What if you paid cash for your tractor - a modestly older model, bought 75 acres, had your house paid for and land it sets on? You could get a secured line of credit for $240,000 and a very low interest rate. A great offer came in on 30 head from an estate being sold. A deal so good you could buy them and haul them to the sale barn and make money. You are saying you would not buy because you didn't have cash on hand? That doesn't make business sense to me.</p></blockquote><p></p>
[QUOTE="backhoeboogie, post: 1040892, member: 3162"] What if you paid cash for your tractor - a modestly older model, bought 75 acres, had your house paid for and land it sets on? You could get a secured line of credit for $240,000 and a very low interest rate. A great offer came in on 30 head from an estate being sold. A deal so good you could buy them and haul them to the sale barn and make money. You are saying you would not buy because you didn't have cash on hand? That doesn't make business sense to me. [/QUOTE]
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