Investing in Fixer-Uppers, Revised Edition by Jay P. DeCima
Author:Jay P. DeCima
Language: eng
Format: epub
Publisher: McGraw Hill LLC
Published: 2024-11-15T00:00:00+00:00
Benefits Must Be Totally Equal for All
The biggest problem Iâve observed about small investment partnerships is that theyâre almost always engineered or thought up by the person who doesnât have any money. This person has all sorts of wonderful ideas, but in order to make them work, he or she must find someone with money. The typical arrangement is where one partner is asked to put up hard cash and the other is supposed to contribute an equivalent share of personal services.
I donât know how you think, but Iâm very skeptical about anyone who proposes a joint plan that uses my money and risks only his or her personal services. The question I ask is aimed directly at the heart of the issue: âIf your ideas are so good, then why is it Iâve got the money and you donât?â There may be several good answersâwhich I consider reasonable and acceptableâbut unless the question gets answered to my satisfaction, I will not consider going forward. If you ask that question and the answer doesnât satisfy you, then you shouldnât go forward either.
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