The owner had no clue and didn’t initial the “liquidated damages” clause.

Does anyone have experience paying down their loans with HELOC or Liquidity Line money? 

I never spent fortune to fill my warehouse with truckloads of goods, but I was buying them at the rate I could liquidate them and as long as I could liquidate them.

It was a tenant with a couple unauthorized cats that sprayed everywhere and we spent $9,000 on cleaning, flooring, and paint. 

Plus, replacement parts are easy to source if needed.CB2/West Elm (Sales Section): Higher-end, but you can score deals on durable, modern furniture during sales.Local Furniture Stores or Liquidators: Sometimes you can find high-quality, durable items at reduced prices, especially in stores that cater to hotels or corporate rentals.Second-Hand/Consignment Stores: Gently used pieces, particularly mid-century modern, can be very durable and unique.I do NOT recommend Wayfair as I ordered from them and the furniture came back damaged and low quality.

Each are better suited fordifferent business strategies.You will need to personally guarantee the loan, andhave sufficient net worth and liquidity (which will again vary based on thelender and product type).

Buyer got a good cash flowing portfolio, and the seller was able to liquidate this inherited asset.

The sellers liquidated their portfolio, the buyer got a great deal, and my partner and I got a nice assignment fee.

Stores in Connecticut, Delaware, Maryland, Massachusetts, New Jersey, New York, and Virginia are holding liquidation sales.Buy Buy Baby originally closed in 2022 as part of Bed Bath & Beyond's bankruptcy.

Before that purchase, it might be wise too consider having some operating capital for unexpected expenses set aside that is liquid cash well cash equivalents.Good Luck!