Hereford guys, take a look

The place to start if you are new!
5S Cattle
Trail Boss
Trail Boss
Posts: 354
Joined: Thu Aug 18, 2016 9:55 am
Location: Brenham, Tx

Hereford guys, take a look

Postby 5S Cattle » Fri Apr 06, 2018 9:42 am

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
0 x

5S Cattle
Trail Boss
Trail Boss
Posts: 354
Joined: Thu Aug 18, 2016 9:55 am
Location: Brenham, Tx

Re: Hereford guys, take a look

Postby 5S Cattle » Sun Apr 08, 2018 1:53 pm

Nada?
0 x

User avatar
slick4591
GURU
GURU
Posts: 9627
Joined: Thu Mar 31, 2011 6:58 pm
Location: Farmersville, Texas
Contact:

Re: Hereford guys, take a look

Postby slick4591 » Sun Apr 08, 2018 3:26 pm

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?
0 x
I wish my brain could forget what my eyes have seen.

"If the mountain were smooth you couldn't climb it." ~ unknown

User avatar
TennesseeTuxedo
Mentor
Mentor
Posts: 11579
Joined: Sat Jul 09, 2011 7:49 pm
Location: Live in Franklin, TN farm in Warsaw, KY

Re: Hereford guys, take a look

Postby TennesseeTuxedo » Sun Apr 08, 2018 6:22 pm

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?
0 x
You're not paranoid, they really are out to get you!

5S Cattle
Trail Boss
Trail Boss
Posts: 354
Joined: Thu Aug 18, 2016 9:55 am
Location: Brenham, Tx

Re: Hereford guys, take a look

Postby 5S Cattle » Sun Apr 08, 2018 6:34 pm

They owe me 10k in cattle and I’m selling it at a discount. Sorry for the confusion.
0 x

callmefence
GURU
GURU
Posts: 4635
Joined: Mon Mar 07, 2016 10:36 pm
Location: Fencemans place...central Texas

Re: Hereford guys, take a look

Postby callmefence » Sun Apr 08, 2018 6:49 pm

Well I'm just dying to ask...I reckon you'll say what can.
0 x
If it ain't tight , It ain't right.




You can all go to he// . I'll go to Texas.
David Crockett

User avatar
TennesseeTuxedo
Mentor
Mentor
Posts: 11579
Joined: Sat Jul 09, 2011 7:49 pm
Location: Live in Franklin, TN farm in Warsaw, KY

Re: Hereford guys, take a look

Postby TennesseeTuxedo » Sun Apr 08, 2018 7:44 pm

5S Cattle wrote:They owe me 10k in cattle and I’m selling it at a discount. Sorry for the confusion.


That's the way I understood it. I buy notes and accounts receivable at a discount from time to time.
0 x
You're not paranoid, they really are out to get you!

User avatar
slick4591
GURU
GURU
Posts: 9627
Joined: Thu Mar 31, 2011 6:58 pm
Location: Farmersville, Texas
Contact:

Re: Hereford guys, take a look

Postby slick4591 » Mon Apr 09, 2018 8:31 am

5S Cattle wrote:They owe me 10k in cattle and I’m selling it at a discount. Sorry for the confusion.


That makes a lot more sense than what I thought I was reading.
0 x
I wish my brain could forget what my eyes have seen.

"If the mountain were smooth you couldn't climb it." ~ unknown

User avatar
Brute 23
GURU
GURU
Posts: 7340
Joined: Thu Apr 19, 2007 7:59 pm
Location: South Texas Gulf Coast

Re: Hereford guys, take a look

Postby Brute 23 » Mon Apr 09, 2018 9:00 am

He has a $10K credit... not line of credit... that he will sell for $9500.
1 x
Brimmer Pimpin Ain't Easy

"Don't let schooling interfere with your education" - Mark Twain

User avatar
mwj
GURU
GURU
Posts: 1094
Joined: Sat Jul 10, 2004 6:36 am
Location: central Ill.

Re: Hereford guys, take a look

Postby mwj » Mon Apr 09, 2018 12:07 pm

The big thing is will they honor the credit if it is transferred to another person.
1 x
never underestimate the power of stupid people in large groups!!!!!!!

5S Cattle
Trail Boss
Trail Boss
Posts: 354
Joined: Thu Aug 18, 2016 9:55 am
Location: Brenham, Tx

Re: Hereford guys, take a look

Postby 5S Cattle » Mon Apr 09, 2018 6:34 pm

mwj wrote:The big thing is will they honor the credit if it is transferred to another person.

Already checked with them, they will. You’re free to call them if you’d like.
0 x

User avatar
ALACOWMAN
Mentor
Mentor
Posts: 15372
Joined: Fri Jul 08, 2005 4:16 pm
Location: Alabama the Beautiful

Re: Hereford guys, take a look

Postby ALACOWMAN » Mon Apr 09, 2018 6:45 pm

$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.
0 x
there are two ways to argue with a woman.....neither one works..

User avatar
Brute 23
GURU
GURU
Posts: 7340
Joined: Thu Apr 19, 2007 7:59 pm
Location: South Texas Gulf Coast

Re: Hereford guys, take a look

Postby Brute 23 » Mon Apr 09, 2018 9:37 pm

ALACOWMAN wrote:$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.


Ya $500 is not worth it... maybe 60 or 75 cents on the dollar
0 x
Brimmer Pimpin Ain't Easy

"Don't let schooling interfere with your education" - Mark Twain


Return to “Beginners Board”

Who is online

Users browsing this forum: No registered users and 4 guests