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/biz/ - Business & Finance

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54133997 No.54133997 [Reply] [Original]

I took out 20k loan last week to renovate my kitchen. The money is just sitting in the account, should I take it out, given the current circumstances?
Thanks in advance,
Brian.

>> No.54134136

Take out a second loan for another 20k, then take the original 20k out of account, and replace it with the new 20k. This is called washing money, your welcome.

>> No.54134226

>>54133997
>Brian.
kek
hi Brian
>>54134136
don't do this, it's illegal. you have to put the original 20k back

>> No.54134257

>>54134136
Seems pointless and gay,
Brian.
>>54134226
Good afternoon. Hope you are keeping well,
Brian.

>> No.54134271
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54134271

>>54134136
>$40K owed now

>> No.54134386

>>54134257
>gives legitimate answer to question
>pointless and gay
>couldn't be bothered to write gay twice
>>54134271
No, the regulators will see the new 20k and start the wash acceptance on their end. They know what a bear market will do to a boy. Nasdaq.

>> No.54134505

>>54134386
really? Please stand up and explain to everyone how that works without the bank reporting you to the IRS (provide links although we know you won't) Because at the moment all you've done is hang a "I'm a massive retard" sign around your neck.

>> No.54134594

>>54134386
Why would I type gay twice?
Brian

>> No.54134605
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54134605

>>54134505
It's called Judaism, big brain.
Here's your link.

>> No.54134732

>>54133997
$20k for a kitchen? seems very low.

>> No.54134809

>>54134732
I'll be doing most of the work myself so 20k is just for materials. Will probably have money left over.
Brian

>> No.54134864

>>54134809
go to IKEA and get your projekt credit card.
Kitchen looks great and was ~20k for me with countertops and assembly. I was doing the demolition myself