Here are comments from companies out in the trenches—the impartial real world—that you and I deal in, day in and day out. The marketplace always tells a story, here is the feed back we (BarterNews) have recently received.


New Company Owner Looking For Advice, Admits Laziness

Good morning Bob,

I hope everything is going well for you. I just started a new company and am planning on using Barter Dollars as a currency for down payments. The question I have is there any information in your course that specifically addresses down payments in regards to real estate or do you have any articles? I am too lazy to look.

On some of the transactions I could use a car for example as a down payment or any asset I am willing to accept in exchange for barter dollars. My thought if I use barter, there is a record of transactions, and Barter dollars are recognized by the IRS. The barter process is more expensive with fees and potential tax liabilities; however, I think that a lender cannot really question dollars.

I assume a barter dollar would be reflected on a closing statement as cash. Any insight into how a closing document would look like would be appreciated.

Also, if someone had a free and clear car and they wanted to sell it for barter dollars to use as a down payment, is there a way to avoid the selling of the car as taxable income because it is already paid for? Why should someone get taxed twice? They will receive the 1099B after funds are placed in their account from the sale of their car. What offsets this so it is not taxable?

Thank you.


TV Fishing Show Looking For U.S. Distribution Through Barter

Hello Mr. Meyer:

We have a weekly 30 minute televised fishing show that has been on the air for seven years. As V.P. of U.S. Business Development for the show I’d like to be able to reach out and extend invitations for more television stations to air the show in a barter capacity.

Would you have any thoughts on how to accomplish this in a time efficient manner? I appreciate your taking time to be of assistance and look forward to your reply.


College Student Finds Barter Concept Liberating, Looking For Direction

Dear Mr. Meyer,

I found BarterNews through an ‘e-mail pen-pal’ of sorts in California. (I’m a college student in upstate New York.) I spent the past week really educating myself on the Secondary Capital section of your website. I paid special attention to the essays about money and the marketplace. It was very liberating to know that I can really be wealthy…by natural law!

I own my books, my brains, and two bags filled with clothes and necessities. Very little money in the bank. That’s it, no exaggeration. I’m not Disney, or a venture capital firm, or even a farmer with some potatoes to spare. So I feel like I have nothing in abundance to trade for what I need when I look at some of these articles.

I want to be self-sufficient, self-made, and self-employed. I need to maintain myself through college and help my folks back home. I was thinking maybe you can give me a nudge in the right direction…or the right person…something. Do you have any stories about guys or gals like me that barter their way to some extra bucks and real success? Thanks Mr. Meyer.


Company President Wants To Buy Frequent-Flyer Miles

Hello,

I represent a business that is considering buying frequent flyer points to give its customers. I wish I could give you more information at this time. We are speaking to a company that is a world-wide industry leader, but I am not at liberty to disclose at this time.

Please contact me if you are in the business of selling discounted frequent flyer points or if you can steer me in the right direction.

Construction Company In Bridgeport Looking For Barter Education

I need more information on how bartering works, what it can do for my company, and what your organization can do for me.

This entry was posted on Monday, October 22nd, 2007 at 3:55 pm and is filed under From The Street. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.