Re: Hard Money Lending
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I think he's trying to use you as a risk shield if something goes wrong and it becomes hard to resell the house you bear the costs.
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This is my thinking also. Am I wrong in my thinking that getting him to cover the carry cost will reduce my risk in the deal?
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In short if the boss was sure this was guaranteed profits he wouldn't be looking for a partner
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I have said this exact same sentence to myself 1000's of times.
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