Handled a real estate closing from a lady in eastern Ky one time, buying a small condo here in Lexington, she told me it was a cash deal meaning in layman's terms, she would bring a check to closing instead of a bank loan, like 1000 other cash deals I have handled.
Only when we get to the end, she pulls out a grocery sack and counts out $64,000 in cash on my conference table. It was late in the day, I had to call my bank to stay open to make the deposit, fill out all the federal forms, etc. Only the next day, the bank said there was only $63K in the stack when they opened up the vault, which I knew was BS because me and the seller both counted the money and came up to the same, $64K. My firm had to eat the $1000 shortage in my escrow. To this day, I still think one of the bank employees helped themselves to $1000
Since then, have an iron clad rule, no cash at closings.
Whether it be bank account or on your person. I think the most I have ever had is 6 grand.
But that seems low, wondering what the average person would say.
Commission checks for $36,000 and $22,000 when I was in real estate. That was gross before my broker got his split and taxes. The $36K I invested in the down payment on a rental property of my own. The $22K every appliance and system in my house broke including the HVAC before it cleared the bank. At least it was nice having the money to replace everything and not have to go into debt.
Should have brought the entire shitload.I had a Dime until Gov. William J. Le Petomane put up a toll on the Thruway...damn bastard!
I made a couple of deposits at a previous job for over $5 million each.
Sold my house a few years ago and had a check for $255k to deposit but abruptly wrote the same amount out to pay down principal on my current house a few weeks later. Paying said house off by the end of the year. I hate debt (you don't hear that much from a banker.)
What type of banker?
What’ll that ******* think of next.Should have brought the entire shitload.
I made a couple of deposits at a previous job for over $5 million each.
I got a $350k check from an investor for my current gig.
Don't like carrying large sums of cash. Did a RE deal that required $15k at closing once. I was nervous as **** and packing heat while I had that on me.