Sometimes I become concerned that I talk about money or the lack thereof too much. In my defense, when you are under as much stress about money it consumes you. I am becoming more consumed by the day. I have been looking into mortgage refinancing. We have a sizable amount of equity in the house if we could just get it out. Plus I am positive the mortgage rates are much lower now than the home mortgage that we currently have.
This is not an easy task because as I have stated before we are self-employed and at this point cannot cover that fact up. When we obtained the last mortgage, they were practically giving them away. They didn't care that we were self-employed, they didn't care about the fact that we have a TON of credit. Now that the mortgage industry is under fire THEY CARE! I will have to become really creative in order for refinancing to be an option. I need to try to work with a Mortgage Broker. Let him do the work for me.
My best option is to sell our inventory. Our company is inventory rich. You might remember that I talked about our new web site. Well we are still working on the inventory. So far (and we are about 1/2 through) we have priced out a resale value of 1.2 million dollars. Now I just need to find people to purchase this stupid stuff. We have the best inventory that we have ever had in our 18 years in business. During the past couple of years we purchased several extremely good deals that we just could not pass up. The problem is the sales side has come to a grinding halt.
So if you know of anyone that needs 1.2 million dollars worth of capacitors, diodes, transistors, integrated circuits, or any board level components, do not hesitate to send them my way.
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