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Posted on 1/12/23 at 10:59 am to lsu13lsu
Let's reel the question back in.
Is the business being run out of their primary residence or can that property be sold? If so, there is value there even if there is no interest in the business.
Depending on that value, they could reach the same goal without creating debt.
Is the business being run out of their primary residence or can that property be sold? If so, there is value there even if there is no interest in the business.
Depending on that value, they could reach the same goal without creating debt.
Posted on 1/12/23 at 11:01 am to lsu13lsu
There's nothing to give them. Struggling to keep the doors open as it is.
Posted on 1/12/23 at 2:11 pm to lsu13lsu
quote:
So they invested their life's savings into it and now get nothing from it?
I don't believe the OP started this thread in order to have people critique his parents' business acumen or ridicule their decision making. Many business owners have done the same thing over the years and lost their shirts. As I'm sure you know, there is no guarantee of success in that endeavor.
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