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Cimarron29414 · 12-06-2010, 02:38 PM

grancey,

I was actually coming back here to type the same plan as kutulu proposed, and now I don't have to. I feel as if there is a piece of the picture we are missing. What is his proposal exactly? Is it that you sign the property over to him, and then he will make payments to you of X per month until you get your third? So, in effect, you don't risk losing any money, you simply lose your inheritance - a sum which is not yet realized?

So, his credit is shit and he can't borrow the money from a bank and wouldn't anyway because he thinks he's entitled to an interest free loan from you. He would also be "purchasing" this property from you during the lowest property values in 20 years - how convenient. What does he intend to do with the house he's living in? Is he going to sell it? What's he going to do with that money? (Hint: he's not going to pay you with it.)

Quite frankly, why would you enter into a business deal with anyone when you accept 100% of the risk and get absolutely zero reward for that risk? What was that phrase? Don't loan it to him? That's the one!

12-06-2010, 02:38 PM	#24 (permalink)
Cimarron29414 Still Free Location: comfortably perched at the top of the bell curve!	grancey, I was actually coming back here to type the same plan as kutulu proposed, and now I don't have to. I feel as if there is a piece of the picture we are missing. What is his proposal exactly? Is it that you sign the property over to him, and then he will make payments to you of X per month until you get your third? So, in effect, you don't risk losing any money, you simply lose your inheritance - a sum which is not yet realized? So, his credit is shit and he can't borrow the money from a bank and wouldn't anyway because he thinks he's entitled to an interest free loan from you. He would also be "purchasing" this property from you during the lowest property values in 20 years - how convenient. What does he intend to do with the house he's living in? Is he going to sell it? What's he going to do with that money? (Hint: he's not going to pay you with it.) Quite frankly, why would you enter into a business deal with anyone when you accept 100% of the risk and get absolutely zero reward for that risk? What was that phrase? Don't loan it to him? That's the one! __________________ Gives a man a halo, does mead. "Here lies The_Jazz: Killed by an ambitious, sparkly, pink butterfly."