Now, we've all heard the never mix pleasure and business before, especially family.
However, all the succesful large developments deals ive been seeing, are all owned by 2-3 friends
that got me thinking, maybe its the smaller deals eg 2 friends buying a property, renovating it over a few months and selling it for a profit type of deals are the ones that are fraught with danger?
I have been discussing with the brother of a friend whom I have known for over 25 years, who is fairly cashed up, and we are looking at a 5 site townhouse development
so trust/financial backing isnt an issue, it would be the other factors.
whats everyones experience with investing with close friends, that you implicitly trust
However, all the succesful large developments deals ive been seeing, are all owned by 2-3 friends
that got me thinking, maybe its the smaller deals eg 2 friends buying a property, renovating it over a few months and selling it for a profit type of deals are the ones that are fraught with danger?
I have been discussing with the brother of a friend whom I have known for over 25 years, who is fairly cashed up, and we are looking at a 5 site townhouse development
so trust/financial backing isnt an issue, it would be the other factors.
whats everyones experience with investing with close friends, that you implicitly trust