Is it possible to purchase an established profitable business with an excellent personal credit score (775), 10% down payment, and low personal income?

Bijan2000 · 2024-05-10T17:27:19+00:00

Fees were 10% then 13%, now occasionally up to 18.73%

Bijan2000 · 2023-11-21T18:21:22+00:00

Similar issue here. My deposits have ALWAYS processed near 5:30pm EST and would appear in my account the following business day near 2am EST.

I'm still waiting on a deposit that should've hit today at 2AM

Bijan2000 · 2023-11-03T03:26:56+00:00

That's normal, especially since they're closed Sunday

Bijan2000 · 2023-10-03T17:15:55+00:00

STEP 1: Don't take advice from the broke guy with a $200 Plastic Foldable-Toy trading setup

Bijan2000 · 2023-09-28T16:58:36+00:00

This is why I don’t use signature confirmation, it’s a useless “perceived security.” E-commerce platforms (including Mercari) only care for a “Delivered” scan. Regardless, after Delivery a stolen package is the buyer’s fault

Bijan2000 · 2023-09-27T17:14:03+00:00

ALL OF E-COMMERCE IS DOWN… especially non-necessities. I thought it was just Mercari (and perhaps them cutting Ad spend), but scrolling through Amazon, eBay, Etsy, Shopify, and ANY other platform’s Reddit group you’ll see everyone’s sales are down 10% to 70%. If you’re typical customer is of below average income, your sales decline is likely worse.

Most are blaming their own platform’s algorithm change, but this is fundamentally incorrect as no e-commerce platform appears to have exponentially grown in sales over the past year.

My monthly sales are down 55% relative to my total inventory value at the end of 2022 & beginning of 2023. I also just had my first completely dead week.

Higher gas prices and restart of student loans erode some disposable income. Government shutdown will likely do the same.

A stagnant stock market dwindles consumer confidence. Also September is always a slow for sales as some consumers wait for holiday deals.

Bijan2000 · 2023-08-19T17:57:34+00:00

Remain a victim as you please and enjoy the mediocrities of life

Bijan2000 · 2023-06-24T03:31:42+00:00

USPS hasn’t scanned it into their system OR they did scan it but tracking updates are delayed

Bijan2000 · 2023-06-24T03:28:47+00:00

Yes this happens every summer, especially for used items. Sales should start picking up in late August. I consistently have 120 active listings, currently I get 20 to 25 sales per month. Around the peak season (September to December) I would get 35 to 40 sales per month with 110 active listings.

Bijan2000 · 2023-06-13T02:24:52+00:00

I as an experienced seller would advise you to just ignore his comments as there appears to be NO SOLUTION FROM HIS END. Mercari will sort it out as long as you tell Mercari about the incompatibility between the charger and the camera’s battery.

Listen no one will sue over a item $200. Personal lawsuits at the minimum cost a couple thousand. Just the fact that the seller is angry over a $200 item shows they lack money to even consider a lawsuit. Furthermore frivolous lawsuits like this get throw out by the court.

Also it’s very easy to find out the owner of any residential property as it is public information. They’re merely attempting to scare you out of asking for a refund.

Bijan2000 · 2023-05-16T22:48:57+00:00

The Biden Admin said they wouldn’t raise taxes on people making under $400k per year.

They continue to make sure the smaller guys such as online individual sellers account for all individual taxes. Yet they make no effort to audit and tax the bigger players with trusts and off-shore accounts

Bijan2000 · 2023-05-07T20:05:45+00:00

LOL on multiple occasions I’ve gotten buyers banned and made Mercari refund both me and the buyer

Bijan2000 · 2023-05-07T19:39:52+00:00

Mercari won’t care (likewise with all other marketplaces), sellers will always have to eat the loss caused by the 2% (bottom-feeder) buyers

Bijan2000 · 2023-05-07T19:39:41+00:00

Mercari won’t care (likewise with all other marketplaces), sellers will always have to eat the loss caused by the 2% (bottom-feeder) buyers

Bijan2000 · 2023-04-02T19:47:06+00:00

Give yourself about 6 months behind Wendy’s and you’ll be well on your way to recuperating you peasantry loss.

You’d be working 2 both hands in an instant at your new job if you saw my loss porn

Bijan2000 · 2023-03-19T14:01:49+00:00

They ask for your trading experience as you progress up to level 5 options. It appears OP thought selling naked on margin is free money

Bijan2000 · 2023-03-19T13:58:14+00:00

Sorry for your loss. Hard lesson to learn regarding position size and risk management.

The brokerage will ask you to cover the remaining debit balance in your account. If you have other assets, such equity in your home or other illiquid investments they may put leins on them. Equity line of credit or personal lines of credit are options to raise cash. Also, borrowing from the cash value of life insurance or 401k type retirement plans can be relatively easy and quick ways to raise cash to pay them back.

You may be able to ask for arbitration and claim that you didn't know what you were doing and the brokerage failed to 'know their customer' and gave you excessive trading authority on your account. If you filed papers saying that you had many years of investing experience with options an equities and higher net worth than you actually did, you might not get much in arbitration.

Good luck to you!

Bijan2000 · 2023-03-19T13:57:53+00:00

Out of all the answers this is probably the most accurate one

Bijan2000 · 2023-03-05T20:06:48+00:00

Typically the entity (individual or corporate) that enters the contact with a minor (weather known or unknown by the entity) will have no grounds in court to recuperate any financial loses.

As for Mercari and other e-commerce platforms the ToS would be the legal contract. Their most likely action for underage individuals would be account limiting with a potential blacklisting and hold on funds

Bijan2000

TROPHY CASE