- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Cousin just asked me for money: he’s a high income earner and parents are wealthy
Posted on 8/17/23 at 10:15 pm
Posted on 8/17/23 at 10:15 pm
Just got off the phone with a first cousin who works in tech sales. He does well, but also owns several airbnbs and has fallen behind on mortgages. His parents are wealthy but he’s got too much pride to ask them. He needs to “shift some money around”. Should I lend him the $50k?
ETA: he said he’s $50k in the hole but would take whatever he could get.
ETA: he said he’s $50k in the hole but would take whatever he could get.
This post was edited on 8/17/23 at 10:26 pm
108
Posted on 8/17/23 at 10:16 pm to RedRifle
$50k? Hell no. Unless you’re ok not seeing it again.
Posted on 8/17/23 at 10:17 pm to RedRifle
I don’t need any more info.
Yes. Absolutely yes. No question.
quote:
Should I lend him the $50k?
Yes. Absolutely yes. No question.
Posted on 8/17/23 at 10:17 pm to RedRifle
quote:
Should I lend him the $50k?
Hell no
Posted on 8/17/23 at 10:17 pm to RedRifle
Not subtle. No you don't ever lend money to family. If you give money to family, you don't expect to get it back.
Posted on 8/17/23 at 10:18 pm to RedRifle
quote:
Should I lend him the $50k?
Yeah do it
Posted on 8/17/23 at 10:18 pm to lnomm34
quote:
Yes. Absolutely yes. No question.
I’d ask if he voted for Trump or Biden before making a decision.
Posted on 8/17/23 at 10:18 pm to RedRifle
I don’t know your cousin as well as you do, but in general I’d say don’t be surprised if he doesn’t pay you back.
Posted on 8/17/23 at 10:19 pm to RedRifle
Just give him the money.
Or tell him no.
Don’t ever loan money to family.
Or tell him no.
Don’t ever loan money to family.
Posted on 8/17/23 at 10:19 pm to RedRifle
“Lend” him $50k?
frick no
Offer to give him $350 for each nut throw at his wife
frick no
Offer to give him $350 for each nut throw at his wife
Posted on 8/17/23 at 10:19 pm to RedRifle
Have him put up property as collateral and charge him hard money lending rates.
Posted on 8/17/23 at 10:19 pm to RedRifle
Ask for nudes of his wife before wiring the money.
Posted on 8/17/23 at 10:20 pm to RedRifle
Loan him the money if you have it but tell him he has 60 days to pay you back plus $10k
Posted on 8/17/23 at 10:20 pm to RedRifle
I had a cousin who asked me for money, when I found out he still owed our grandmother 10k, I told that POS to kick rocks…
Posted on 8/17/23 at 10:21 pm to RedRifle
quote:
He needs to “shift some money around”.
quote:
He does well, but also owns several airbnbs
Sounds like you should tell him to sell the airbnbs
Posted on 8/17/23 at 10:21 pm to RedRifle
Put it in writing and wreck him on the interest. Speak to him like a high earning man and tell him how he gets out of his troubles.
Unless it's one of those super close brother like cousins. Then just tell him no.
Unless it's one of those super close brother like cousins. Then just tell him no.
This post was edited on 8/17/23 at 10:22 pm
Posted on 8/17/23 at 10:21 pm to RedRifle
quote:
Should I lend him the $50k?
Not subtle at all.
Posted on 8/17/23 at 10:23 pm to RedRifle
Easy answer is No
Would with iron clad contract with property held and done by lawyer with loan registered and notarized.
But really I only have 4 people I would loan money and are brothers or sisters. Still would get loan notarized or what ever makes it legal.
Would with iron clad contract with property held and done by lawyer with loan registered and notarized.
But really I only have 4 people I would loan money and are brothers or sisters. Still would get loan notarized or what ever makes it legal.
Posted on 8/17/23 at 10:23 pm to GRTiger
Don’t lend any money you can’t afford to give away.
Posted on 8/17/23 at 10:24 pm to RedRifle
Page 1 of 8
Popular
Back to top
Follow TigerDroppings for LSU Football News