Staking a proven winning poker player (Read more to see why)
| Listing Information | |||
|---|---|---|---|
| Amount: | $10,000.00 | Status: | Loan created |
| Grade: | C | DTI: | 0% |
| Lender Rate: | 24% | Borrower: | ThomasL |
| Finished | State: | MN | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2007-11-23 | EricsCC ROI: | 23% |
| Status History | |
|---|---|
| Nov 23, 2007 | Current |
| Jul 09, 2008 | Paid |
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Purpose of loan: I myself am a young but highly skilled poker player who as a main game plays $15/$30 limit poker and has consistently been able to create $1,000-$5,000 a week of income and support myself for over a year. On 9/21/2007 myself and a partner stepped out onto a limb, and between the two of us funded a *$50,000 concert. This was to be my big shot, my big investment and being that, I put all of my money into the show. The costs added up beyond our assessments, and very surprisingly enough **Common, who co-won the BET album of the year with rapper T.I. was only able to draw a meager crowd of 500. This was a colossal failure as we needed a turnout of above 2,000 to break even. We lost everything. That being said, I am not a ***concert promoter. I am a poker player. That is where my money was earned, and that is where I have the upper hand. In the promoting business it was the opposite. I realize now that I blew it all, as I did not believe there was a chance that we wouldn't break even. I was wrong, dead wrong. And now I need a backer to get me back in the money (of which the backer will be handsomely rewarded). * I have all of the documents and contracts from our concert, which I would be happy to share with any prospective investors. ** Google him. *** In the picture above I am on the left with rap artist Common, and my partner for the show. If I can make my situation exactly clear; I would be going back to what I know and do well, playing poker and would in no uncertain terms and under no circumstances would I disappoint my investor. My financial situation: I will be using this money to exclusive play 15/30 limit hold em. A game where I am a proven winner over the course of a year and a half. A game where I will win 4 out of 5 playing sessions, and make on an average month, also figuring in any losses incurred between $5,000 and $15,000. A single rack (to buy into the game of 15/30 limit poker) is $500. I am requesting a backing of $10,000 as an established and large enough bankroll which would be able to handle the variance and prospective bad luck, i.e a reserve large enough to guarantee skill would win, a sum large enough to make the prospect of bad luck or "bad beats" insignificant. My loan payment money will be put aside immediately upon earning, never to be used in a poker game or for any personal bills. All in all, I am a very trustworthy person who funded an ill-advised concert and now needs some backing for which an investor will be handsomely rewarded. I will be spending no money, have a place to stay, and food to eat, and also enjoying no recreation. I will be a grinder in it's purest sense, like working a job, and the risk though it may seem to be one here, is non-existent.* * As this will seem to be a big risk to some investors, let me assure you, if by the hand of god somehow miraculously things weren't going well with poker, I would do whatever I had to do; and the loan payment would be covered every single month, regardless of any circumstances. Any investors who showed faith in me to back me in this situation would earn quite literally my undying loyalty and respect, and every payment would be in full and on time. Monthly net income: $ 7,500 Monthly expenses: $ Housing: $ 0.00 Insurance: $ 200.00 Car expenses: $ 200.00 Utilities: $ 50.00 Phone, cable, internet: $ 70.00 Food, entertainment: $ 50.00 Clothing, household expenses $ 0.00 Credit cards and other loans: |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 229199 | Staking a proven winning poker player (Read more to see why) | C | $20,000 @ 35% | Nov 09, 2007 | Withdrawn |
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