Sarah King
👤 PersonAppearances Over Time
Podcast Appearances
So they gave me the little assets, and I literally gave them the cash for half the value and charged them 30%. So why would people okay with paying 30%?
So they gave me the little assets, and I literally gave them the cash for half the value and charged them 30%. So why would people okay with paying 30%?
I will say that people do it because they're struggling for cash. Like, I don't do a credit check. If you give me assets to hold that are worth the money, I will give you the cash without a question. And that's a huge deal. That's what made my whole business, you know, work to begin with.
I will say that people do it because they're struggling for cash. Like, I don't do a credit check. If you give me assets to hold that are worth the money, I will give you the cash without a question. And that's a huge deal. That's what made my whole business, you know, work to begin with.
John McCabe was like, oh, I have a lot of guys who want to do loans. And I started doing some just shady ass loans.
John McCabe was like, oh, I have a lot of guys who want to do loans. And I started doing some just shady ass loans.
He would tell me that these people owe him money. They're just going to use my account because he doesn't want to use cash because of his business. I said, remember, I'm a fixer, right? So I said, no problem. So he uses the account. I gave him, I cashed out the money for him and I never see it again. And I'm on the hook for owing people money.
He would tell me that these people owe him money. They're just going to use my account because he doesn't want to use cash because of his business. I said, remember, I'm a fixer, right? So I said, no problem. So he uses the account. I gave him, I cashed out the money for him and I never see it again. And I'm on the hook for owing people money.
I had like a hundred bucks left to my name, right? So I'd go to the store, I'd buy, I'd put a hundred dollars on the scratchers.
I had like a hundred bucks left to my name, right? So I'd go to the store, I'd buy, I'd put a hundred dollars on the scratchers.
I take the scratchers to my office and I'm like in tears, but I'm scratching and I'm winning, winning, winning. And I get the call that we've sold the buildings and it was just amazing.
I take the scratchers to my office and I'm like in tears, but I'm scratching and I'm winning, winning, winning. And I get the call that we've sold the buildings and it was just amazing.
When I finally found buyers for the building, he said, oh, those are my people. So I felt loyal to him. I was in such a stage of failure, I want to say, from the buildings. At the time, my income was just terrible that I believed him. I felt like he was there for me the whole time.
When I finally found buyers for the building, he said, oh, those are my people. So I felt loyal to him. I was in such a stage of failure, I want to say, from the buildings. At the time, my income was just terrible that I believed him. I felt like he was there for me the whole time.
We started needing all these big-time investments, right? So that's when I started funding a lot of things. He buttered me up. He would come every day to my house and be my best friend. But John McCabe was unfindable.
We started needing all these big-time investments, right? So that's when I started funding a lot of things. He buttered me up. He would come every day to my house and be my best friend. But John McCabe was unfindable.
The first five or six loans, there absolutely was, and everything was totally cool and fine. And it just turned out that they never got paid back, so I had to try and fix that money.
The first five or six loans, there absolutely was, and everything was totally cool and fine. And it just turned out that they never got paid back, so I had to try and fix that money.
Yeah, no, absolutely. I absolutely did do loans. So yeah.
Yeah, no, absolutely. I absolutely did do loans. So yeah.