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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Possible first deal. Asking for opinions please help. Posted by Jorge on May 10, 2003 at 9:53 AM In Reply to: Possible first deal. Asking for opinions please help. posted by Ernie on May 09, 2003 at 11:03 PM Ernie: Things can get very complicated in partnerships and would take a few deals with someone for things to run smooth. (And that sometimes can be too late) If with your knowledge and resources you feel confident to tackle the whole project, then, offer this person some $XXXX amount to flip the property to you. If you need to get experience, ck this person out (ie. how many deals done, some ref. etc. ) and lend him the money secured by a TD ( say, note & TD for $13.5, give him $10K, Due@ 90-120day/on sale @ 7%). Still his projects but now you can watch and learn while your investment is secured. Both ways have details, advantages and disadvantages but at least you minimize the conflic that could arise from the things Ward mentioned. Follow Ups: Re: Possible first deal. Asking for opinions please help. Ernie Baxley 11:19 AM, 05/10/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Ernie: : Things can get very complicated in partnerships and would : take a few deals with someone for things to run smooth. : (And that sometimes can be too late) : : If with your knowledge and resources you feel confident : to tackle the whole project, then, offer this person : some $XXXX amount to flip the property to you. : If you need to get experience, ck this person out (ie. : how many deals done, some ref. etc. ) and lend him the money : secured by a TD ( say, note & TD for $13.5, give him $10K, : Due@ 90-120day/on sale @ 7%). Still his projects but now you can : watch and learn while your investment is secured. : : Both ways have details, advantages and disadvantages but at least : you minimize the conflic that could arise from the things : Ward mentioned. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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