18 ms·
Proper and conservative management includes due diligence wrt the borrower's ability to pay.
by bryogenic 11y ago
Proper and conservative management includes due diligence wrt the borrower's ability to pay.
- rtpg 11y agoright, but GP was implying that profit is guaranteed because of the interest rate differential. If you have any costs at all (even just operating costs), then that profit is not guaranteed I'm not a fan of banks nor of the amount of money they get for their services, but there's no "guaranteed profit"