Real Estate Investing with Attitude!

Posted July 21st, 2008 by harrison

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CNN/Money #10 Best: Fishers, IN!!!!

Posted July 20th, 2008 by harrison

Congratulations to Fishers, IN!!!!

Ranked as the #10 Place to Live in America by: CNN/Money

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7 Step Credit Improvement Program

Posted June 5th, 2008 by harrison

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Cash Flow & Cash Out Program!

Posted June 2nd, 2008 by harrison

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Should you have a Business Partner?

Posted May 15th, 2008 by harrison

Should you take on a business partner in a real estate deal?

happy.jpg Or fighting.jpg

You need to ask yourself some serious questions before you make this decision.

Will your partner:

  1. Carry their share of the workload, or just try to ride on your back?
  2. Communicate and cooperate when it gets tough, or play the blame game and bail out at the first opportunity?
  3. Remain loyal?
  4. Be there for support in good and bad times?
  5. Want to renegotiate everything on a weekly, or daily, basis?
  6. If you take a loss, will they turn on you to recoup their losses and let you take the fall?
  7. If you make money, will they let greed take over?

The bottom line is that a partnership is like a marriage, and it will only be as strong as its weakest link.

Our advice is to be very careful.

People change when money is involved and they may act in a way that is unlike the person you have come to know.

The days of a handshake and simple contract are over. If you can do it yourself, DO IT!

If you must take on a partner, get everything in writing, and I mean everything, and really know who it is that you are getting into business with.

Have a profitable day!

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