slavaret2
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You know your family and friends best, BUT you need to show you are serious:
1) do the math: how, how much, how fast, etc.;
2) what's the down side, the worst case scenario;
3) structure your deal: form an LLC, price the units, offer them as many units as they want - you never know how much you can get;
4) exit strategy: how and when will they get their $$ back;
5) be fair: show them your cut;
6) have the details: whom you are going to use, etc.
7) have the paperwork ready.
People like good deals when they see them - relatives or not. |
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John Galt
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get another job. Lose your own money not others. |
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Chuck T
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I think you would be in a better position to borrow money from friends and family and even a bank if you were husband and wife not boyfriend ans girlfriend , if it is such a solid business proposition then surely you will find funding from another source . You don't want ever to borrow from friends and family.... |
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Retired
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Not sure what you plan to do, however as far as I know there is no "new business in real estate". The way you describe it I get the feeling someone is trying to take you. |
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give me TRUTH
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seriously , dont ask your friends for more then $100!
ask your close family members , tell them your situation , do it naturally , if they dont have the cash it wasnt meant to be. |
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Philip
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just tell them your situation |
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Heather
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how could you expect your family and friends to give you money to play with? you are taking a great risk you even said that.. you have no idea what will happen or if you'll even make any money on this.. I'd hold off if you need to ask others for their hard earned money! |
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cverebrox
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Just be yourself and go up to their face and ask...whats it going to hurt? |
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marcel231
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I think the best thing is for you guys to talk with the people you trust the most and just be totally honest. At the end of the day it does not matter if the money is for business or personal if that person is going to lend you the money then they would regardless of what its for. Since you guys have a plan than let them know whats going on and just be direct. |
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sexygurl
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mom can i have$20dollars.robyn may i have a dollar. |
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