Don Konipol
Why Most Partnerships Don’t Work, and the Few that Do
25 January 2024 | 14 replies
Partnering between two people both with no or limited experience; both with no or limited capital, or because they’re “good friends” and want an adventure together, will ultimately result not only in the failure of the partnership, but often in long term bitter feeling of blame and hostility between the ex partners.The partnerships that are successfully, both financially and socially, have most of these characteristics1- the parties bring complimentary attributes to the partnership2- the parties are of a like mind concerning ethics3- the parties view risk - return the same way4- the parties goals are aligned5- the parties RESPECT one another 6- the parties are willing to defer to the other partner in that partner’s area of expertise7- neither party is under undo financial pressure8- each partner’s “significant other” is supportive of the partnership9- the partners have an agreed plan in case of death or incapacity of one partner10 - the partners have a legal, executed buyout plan in case one or both parties want to terminate the partnershipIf you’re considering going into a real estate, or any business partnership, you may want to consider the above and take a hard look at the chances of success.
Sunny Rajvansh
Cleaning the property between tenants
16 January 2024 | 14 replies
I have tried to deduct some amount from deposit to cover the cleaning fees, but some tenants were bitter about that.
Albion Sabani
How should I incorporate?
21 August 2016 | 9 replies
As a side note, Deleware is a horrible place to inc unless your a large corporate interest, large enough to rival a publicly traded co., Deleware is amazing and designed for those entities.
Robert Burns
Flooded Farm Market
3 September 2016 | 5 replies
Really, anyone considering investing in flooded homes has to have an idea of what the future value will be and my question via a recent post; Is a flooded home forever worth less than a rival that did not have water in it?
Jesse Vega
Introduction to Auction.com: The Asset Life Cycle: “Bidding"
1 March 2019 | 2 replies
Auction.com has started to implement a plan that allows for bid deposit waivers that encourages bitters to participate in auctions.
Bruce Mac
Newbie looking for market recommendations to check out...
29 October 2017 | 11 replies
That combined with a strong positive cash flow potential and an economical growth rate that rivals other larger metropolitan cities is a huge plus.
Zachary Bradigan
Mobile Home Park Property Management
17 May 2019 | 7 replies
(like a 20 POH park located near me is selling for $1.2M, sorry still bitter when I talked to the owner if you couldn't tell...)Having said that it will not be large.
Derek Lester
Investing in a Truck
27 October 2018 | 6 replies
I had to give up that thing last year, and I have wept bitter tears since.I have a landlord buddy who works within an even smaller area and swears by his Subaru Baja.
Udit Multani
Property going through Divorce
2 November 2018 | 10 replies
Husband "H" and wife "W" have a very bitter relationship.