View Full Version : Loan
que90nek
01-19-2006, 12:24 PM
If I said to you...
You give me...
$1000 for a real estate deal and I will pay you back $1500 within 30 days.
Would you do it?
lovely
01-19-2006, 12:29 PM
depends on who YOU are.
if it were you (que) i probably would.
most other folk i know..no.
Conjure Woman
01-19-2006, 12:49 PM
depends on who YOU are.
if it were you (que) i probably would.
most other folk i know..no.
Yep. Depends on the You. We loaned money to one of my husband's "friends" once and we have not seen or heard from him since.
MndBdySoul
01-19-2006, 03:05 PM
With a written contract, yes I'd do it.
mystkev
01-19-2006, 03:23 PM
With a written contract, yes I'd do it.
Ditto. They would have to sign on the dotted line first.
jaila
01-19-2006, 03:24 PM
how much interest is that? my math skills are on vacation today.
que90nek
01-19-2006, 03:43 PM
50% interest.
And again...
this is not about THEM
this is about me.
Ya'll know i do real estate stuff....
so i'm askin...
if i were to come to YOU and say....
i can give you 50% interest on any amount of money you give me....
would you do it?
if i told you...
give me half of your tax refund and i'll increase it by 50%....
would you do it?
yes, i would sign a promissary note, notarize it...yada yada...
misha
01-19-2006, 04:13 PM
You personally?
Yep!
jaila
01-19-2006, 04:25 PM
oh well yes sir mr. que...on da spot! um...wait...dis legal right? Cause investments can't be guaranteed legally can they?
que90nek
01-19-2006, 05:08 PM
well.....
the only risk would be in the 50%.
the original money would be guaranteed interest free for 60 days.
in other words....
if something goes horribly wrong...you get your money back within 60 days.
jaila
01-20-2006, 02:54 AM
well, since its you, i'd do it cause i trust you.
seductive_tee
01-20-2006, 04:30 AM
Que, i'd do it with you and a few others i know.....with a written contract.
I've watched enough Judge shows to know you need that when you loan ANYTHING....even if it's a coat, dog, car, etc!
texasheat
01-20-2006, 07:46 AM
I cosign with the rest that I would need a contract and it would have to be with someone I knew. You, yes... (if I had it)
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