PK
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To be honest, if you are buying land for investment purposes, you really shouldn't borrow the money but present it as an investment proposal. This is only if you are willing to share the proceeds if you make any money from the sale. You and your boyfriend will get a share because you thought of the idea and sourced the opportunity, but those that lend you money (the financiers) should also have a share in the risk and rewards. If you sell the land for less than the purchase price, they are on the hook anyway.
If I were being asked to lend money to someone, I would be expecting more than just my principal back if they are using it to buy and sell land.
It's a different story if you are buying the land to build a home on, then it isn't an investment but a favor. Then you should just come out and tell them what you need the money for. |
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moonbeam
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dont bother because if you do and something goes wrong and you cant aford to pay them back there will be trouble and you wouldnt want any fall outs do you |
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Mary Anne
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Usually, you shouldn't borrow or lend money to or from friends or family. This can only cause great friction in relationships. |
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Gary
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I wouldn't do it. Never borrow from family members. There'll be other opportunities. |
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Mygrillfriendhasskirt
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♪gimme gimme ol me of♪ de mignayt jaka dupe fela o do likav ♪de ♪deys♪ |
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Freddie
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By being kind and just say something like "Could i borrow some money please, i will give it you back as soon a possible." But in dipends how much money you want to borrow really. |
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Cindyxxx
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Just ask the worst they can do is say no. |
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country bumpkin [sheep nurse]
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grovel on your knee/s |
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wifey
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Just ask them they can say yes or no explain what it is for show them the paper work you have on it if its a yes good if its a no no harm done |
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Ozzy D
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just explain the situation to them |
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Amira
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The best way to ask would be to do so honestly. A good idea would be to bring papers and information on what you are trying to do so they see that you are prepared and responsible. It will be easier for them to lend moeny if they see you are serious and are doing all the research you can. |
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De3p
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be really nice to them then ask |
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Lucky Man.
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Explain what it,s for and hope for the best. |
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painterlady
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Don't beat around the bush with them, be honest explain why you are asking to borrow the money, and by all means from a lesson well learned make sure that if you and your boyfriend break up you are not left holding the loan by yourself. Have everything drawn up by an attorney and you will at least recieve 50% of all propeties value. |
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