Search results

Also the courts like bondsman because we don't need extradition or warrants. We are protected by Supreme Court case law Taylor v. Taintor. So if a defendants has a charge and is on Bail and skips to another state and is arrested he can fight extradition through the Court. But a bondsman doesn't...

"So if you ever spend money on recovering the bail money, the expenses to recover the bail that you incur like the expenses that you pay to bounty hunters to track down the defendant would be paid by the defendants? What if the defendant just turns around and murders you (God forbid, I wish you...

Also my portfolio will never be touched. 1 percent of the face value of the bonds, meaning 10 percent of the 10 percent premuim of all bonds I write go into a buf which is a build up fund. When I get a final judgement and am unable to get money from a judgment I just cut a check out of the build...

If somebody skips court and we have to sue for the loss, it's very easy to get the judgment. They signed a contract so it's essentially a default judgment they also pay the Attorney fees. I'm only entitled to the loss incurred. So for instance somebody has a 20k bond but put up 50k in property...

I'm single If I had a family I wouldn't work from home. I have a very secure home, a security system and barrier bars on doors. Somebody could still get in if they really wanted to, but it would take them awhile. It would give me enough time to get prepared to deliver lead poisoning. Also no...

I use no cash my cash stays in my portfolio that's the difference. I'm making money off of investments that are making money.

I have a small office in my home that was partitioned off, it has a small security window with a document slot and waiting area. The cosigner comes here fills out all the contracts and forms, if real estate is being used as collateral I do deed search and we do a deed of trust on the property...

You can do both, you can still actively trade it. The state doesn't hold it. You show them proof of value they give you 15x that amount in surety bonds. Once a month you sign a affidavit stating it still has that value or more.

Yes it is. I use the invesments in the portfolio, I can still freely trade them. So I make my returns off my investments and profit from the business. The state doesn't hold the investment, you just sign an affidavit every month saying it still has the initial value or more. They give you surety...

Good points here this isn't something you could compound, only so much business to go around. I live in a state that has an obscure law that allows investment portfolios to bond, I like that I can make money on it from the investments and also off the bonds. You can still freely trade the...

I'm going to give you an example of what happens when somebody doesn't show up on court, when they no show they send us a letter and a court date usually 2 months or so out. We attend this if we haven't found them. They then push it back again usually for around 2 years. After that they make a...

If bonding wasn't profitable why would people do it?

Poindexter surety, Lexington National, Roche Casualty and Fire, American Surety Company. Have data you can research. In 2017 over 2 billion in profit was made nationally on bail surety bonds.

Like the billions in risk that car insurance and health insurance company's have? If everybody on a policy wrecked they would go out of business? Zero chance of a wipe out no one bond can be over 50k all bonds are indemnified also. Any incurred loss results in loss of collateral or judgments and...

Long term data of bail bond investing, over 50 years worth, shows a 9 percent return vs liabilty. But liabilty is not actual money invested, what I mean is that every bond doesn't really have 100 percent cash or asset backing. Missouri uses the ×15 rule, assets times 15 equals amount you can...

Hopefully I answered most of your questions. Like I said I didn't make this post to show off, I did it to show that unconventional investments with good returns are around. You have to do your due diligence and it's no free lunch. On the scalability aspect you can only make so much doing this...

We indemnify the bond, so the defendants family is responsible for the recovery fee. So the defendant would be back in jail and his family would owe money.

It's a perfect inperfect system. We could privatize defendants release. Then we the tax payers would pay for the supervision while they wait trial. I don't use one penny of tax payers money and provide the same service.

He's not very well Like by most professional agents. He is what gives the business a bad name. I despise people like him in the bonding business.

Of course it's true, I didn't make this post to bull shit you guys or to show off, I did it to show that there's unconventional ways to invest and make good money. Are bonds considered sleazy? Yea probably so, but I don't care it provides me a good return on money that I already have invested. I...