Posted by Space Available on November 12, 2002 at 19:59:09:
What happens when a man with money meets a man with experience?
The man with experience gets the money - and the man with the money gets the experience…
FOUND a DISTRESSED seller, BUT it’s someone I KNOW - Posted by Toan - Dallas
Posted by Toan - Dallas on November 12, 2002 at 11:08:05:
I know someone who just went through a divorce and wants to sell the house. Should I buy from someone I know?
Re: FOUND a DISTRESSED seller - Posted by percy
Posted by percy on November 13, 2002 at 09:47:20:
Perhaps you could refer the opportuninty to another investor for a referral.
Re: FOUND a DISTRESSED - Posted by Jeff J
Posted by Jeff J on November 12, 2002 at 18:27:05:
Can you partner with your friend, maybe flipit and split?
there’s an old saying; goes something like . . . - Posted by Steve W (WA)
Posted by Steve W (WA) on November 12, 2002 at 14:11:10:
If you do business with a friend, be prepared to end the friendship.
Gawd, that was a butcher job. . .
The idea is, friends and family will rely on the relationship to weather them through the stormy financial time - at your expense. And if you do the deal as a businessperson should - black & white - then you will sacrifice that personal relationship. Happens all the time, but people keep doing it.
Re: FOUND a DISTRESSED seller - Posted by Phong
Posted by Phong on November 12, 2002 at 11:29:11:
If you can profit from it while giving this person a helping hand, then go for it.
there’s an old saying; goes something like . . . - Posted by Clare Z
Posted by Clare Z on November 12, 2002 at 15:25:01:
How about: “No good deed goes unpunished”?