Long Term Farm Operation | Bitcointalksearch.org

Wardrick

legendary

Activity: 1022

Merit: 1000

Quote from: Justin00 on September 05, 2014, 08:54:54 AM

He doesn't want to go to a bank because if it all goes bad a bank will reposes stuff.. he mentions this in post #4 or 5.
but in summary he said.. bank will reposes .... BTC loan... nothing happens so win win for him if the loan goes bad

giant red flag right there

I don't need this anymore, unless someone is actually interested and not just posing to post message me. I thought it'd be easier to get a BTC loan but by farming time next summer I'll have the funds for everything. What I really needed right now is supplies, a tiller, and a lot of weed killer which I already bought. The rest I won't need until next May.

Justin00

legendary

Activity: 910

Merit: 1000

★YoBit.Net★ 350+ Coins Exchange & Dice

He doesn't want to go to a bank because if it all goes bad a bank will reposes stuff.. he mentions this in post #4 or 5.
but in summary he said.. bank will reposes .... BTC loan... nothing happens so win win for him if the loan goes bad

giant red flag right there

iluvbitcoins

legendary

Activity: 2198

Merit: 1150

Freedom&Honor

I'm sure a bank would give you a far lower interest rate then anyone here, the rates on btalk are always exploitative because of high risks

and without collateral it's going to be extremly hard getting such a high loan

Tomatocage

legendary

Activity: 1554

Merit: 1222

brb keeping up with the Kardashians

After thinking a little more about it, I'm going to have to withdraw my offer of the uncollateralized loan. I don't want to risk losing that much and then going through the process of collecting on it.

Justin00

legendary

Activity: 910

Merit: 1000

★YoBit.Net★ 350+ Coins Exchange & Dice

Quote from: Wardrick on August 31, 2014, 06:53:22 AM

And if something were to go wrong (which I doubt would happen) I would get a lot of my things repossessed. The thing about being lent BTC is I don't have to worry about that as much,

Hey atleast you are honest. If at all goes bad no repocussions... :/

Wardrick

legendary

Activity: 1022

Merit: 1000

Quote from: Tomatocage on August 31, 2014, 09:35:54 AM

I can do this for 120% collateral in LTC @ 2% interest. If you don't have collateral, I'd have to set the interest rate at 25%.

If you could do 15% as the interest rate then we have a deal. Depending on the amount of profit from the first harvest I will definitely bump it up to 25%.

Tomatocage

legendary

Activity: 1554

Merit: 1222

brb keeping up with the Kardashians

I can do this for 120% collateral in LTC @ 2% interest. If you don't have collateral, I'd have to set the interest rate at 25%.

Wardrick

legendary

Activity: 1022

Merit: 1000

Quote from: Justin00 on August 31, 2014, 12:50:34 AM

What are you going to be growing ?

As per comments in other threads... Why not go to the bank ? This seems perfect for a bank.. Its actually a real idea the banks would support.. (as oposed to BTC mining or something you can't exactly tell/explain to the banks)

I'm looking to either grow hay, potatoes, corn, and maybe marijuana if I'm able to get a license. It should be really easy with the three ponds on my property. I don't want to to take out a loan from a bank though because of the high interest costs they have, and if something were to go wrong (which I doubt would happen) I would get a lot of my things repossessed. The thing about being lent BTC is I don't have to worry about that as much, and when I harvest I'll be happy to give an extra bonus for helping me out.

Justin00

legendary

Activity: 910

Merit: 1000

★YoBit.Net★ 350+ Coins Exchange & Dice

What are you going to be growing ?

As per comments in other threads... Why not go to the bank ? This seems perfect for a bank.. Its actually a real idea the banks would support.. (as oposed to BTC mining or something you can't exactly tell/explain to the banks)

Wardrick

legendary

Activity: 1022

Merit: 1000

I just inherited 80 acres of land but don't have the funds to cover the equipment fees, gas costs, and accessories. I'm looking be loaned 18 BTC to buy a small trailer and a bailer, as well as a few other items. I have 80 acres that I own that I can plant any Washington plant in. My Property has 3 ponds on it so it should be easy to care for the crops. 80 Acres and I expect over 1/2 of the yield sellable, and 1 Sq Acre of Hay = $1200. With the three ponds it gives me a good advantage. Out of the 80 acres, I believe about 1/2 the yield will be harvested. 40 acres x's around $1200 per sq acre = $44,000. All I need is the equipment to get started. Feel free to PM me interest rates and anything else. I'm positive I could get one harvest done by the time harvesting season ends. Any questions please PM me.

During 3 months this loan will be available. Otherwise next growing season will be 9 months from now.

Current funding needed: 18BTC

Topic: Long Term Farm Operation (Read 3337 times)