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re: If you had 500k to invest in the real estate market..
Posted on 6/18/18 at 2:35 pm to brian_wilson
Posted on 6/18/18 at 2:35 pm to brian_wilson
quote:
i have a friend who wants me to go in on him on a complex. The projected cash flows look good but I just don't want to ruin the friendship.
maybe write up a contract between you laying out expectations and if those are not fulfilled remember this meeting and contract which will be legal and binding. but yeah you just never know if that guy has the same drive and desire to get things done and if he is open to new avenues of getting things done and does he have a RE mind or way of thinking and does he have the overall knowledge necessary. so many factors plus friendship as you stated.
i too may be seeking a partner soon on a deal we shall see.
1
Posted on 6/18/18 at 3:21 pm to Fat Bastard
quote:
maybe write up a contract between you laying out expectations and if those are not fulfilled remember this meeting and contract which will be legal and binding. but yeah you just never know if that guy has the same drive and desire to get things done and if he is open to new avenues of getting things done and does he have a RE mind or way of thinking and does he have the overall knowledge necessary. so many factors plus friendship as you stated.
I dunno about that. His wife is my wife's best friend, so if it did go south it would be bad times. I told him i could throw $100k at something if he could find other investors and we had stuff in writing.
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