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Updated over 14 years ago on . Most recent reply

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Kendall Norfork
  • Real Estate Investor
  • Memphis, TN
1
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My wife and I are partners!

Kendall Norfork
  • Real Estate Investor
  • Memphis, TN
Posted

I see a few husband and wife teams out there and that is great. Today marks two years that my wife has joined the company. And it is going well. She actually closing deals on her own. I think I have created a monster. Do you guys think iits good to work with family? I say some yes some NO!!!

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Rich Weese#2 Off Topic Contributor
  • Real Estate Investor
  • the villages, FL
3,499
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5,700
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Rich Weese#2 Off Topic Contributor
  • Real Estate Investor
  • the villages, FL
Replied

In 40 years of being in this business, I'd add the following.
1. If you LOAN money to family, in your mind, consider it a GIFT. If it is not re-paid and you try to collect, you'll be considered the bad guy.
2. My wife and I are celebrating 40 years(most happy!) years of marriage in May. We've been together 24/7 for the 40 years. It has worked extremely well. She doesn't do any of the analysis or negotiation. I don't handle any of the acctg or paperwork. It has worked real well.
I can't think of anyone I'd rather have by my side. Rich

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