starting in this business i had a killer month. I would get a Sales contract on a Chase or Bombardier repo for 10-12K, take pics and put on line for a price of 18-20K and use these proceeds to pay the bank.
It was my fourth month and I grossed 43K. The wise money made a appointment with our accountant and asked Beverly,“is this legal or are we going to end up in jail?” Beverly asked if we had sales contracts with 30 day terms prior to sale. we did and showed her these Form 500’s and she answered her question like this, " Mrs. Meade, you mean buy something wholesale and sell retail and pay the Bank from the proceeds of the sale in thirty days? That is exactly how Wal Mart and Lowes make billions each year…it is called good business"
That was 6 years ago…and it is still amazing. I love this business.