More info please:
If he wants you to check out an old antique used car, and you two met at national antique car rallies and hit it off, then here is my suggestion:
Charge for the gas, and 100 bucks more, to cover incidentals. He is getting a trusted, and possibly expert opinion on his purchase. Everything else is a favour from you. If you make 20 bucks an hour, then a 5 hour task is worth that, and more with meals and shit thrown in.
If you are a real estate broker, and so is he, and he wants you to check out a piece of property:
Charge him a flat consultation fee(1000$?), one that you would charge a friend who asked you to do a local favour. Notice that your proximity to the property and your expertise is again an added bonus, and so is the trust that you two have cultivated...
Now, if you are a car guy, and he is asking you to look at a piece of property, then your expertise is no longer the deciding factor, and I would again resort to the incidentals plus gas equation.
BTW, proper manners dictate that if you do someone a favour that allows them to reap a windfall profit (ie, undervalued purchase of rare car or property, which they then flip at market value) then the recipient of said profit should give AT LEAST 10% of the value (in cash or in kind) to the person who did the favour.
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Hey, if you are impressed with my memorizing pi to 10 digits, you should see the size of my penis.
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