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re: Cousin just asked me for money: he’s a high income earner and parents are wealthy
Posted on 8/18/23 at 6:48 am to RedRifle
Posted on 8/18/23 at 6:48 am to RedRifle
He thinks you are an easy mark and a sucker! Why can’t he sell one of the AirBNBs? Is he upside down? How do you know he does well? Just bc he has AirBNBs? How did he let himself get into $50k debt? That’s a lot for just suddenly need to borrow from relative? What is/was his business plan and his budget and cash flow records? How does he plan to pay you back? You gonna charge interest? Promissory note? Why do some seriously come to the OT to ask advice on this crap? If you can’t understand it (which I think you do) then you should be separated from $50k as a life lesson. I think you just wanted to throw around the fact that he ask you for $50k and you were flattered that he even thought you had that much to lend.
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