One of my friend’s not too good friends is using this old man who is his neighbor. my friend rents room from this old mans son. Well, old man just refinanced his house and took all the equity out coz my friend asked him "let’s do some biz". Old man is 63 years old. That equity is his old ages savings. My friend is buying this abandoned biz in a bad neighborhood. Basically the old man is so wrapped around my friend’s finger...they have formed a corporation. My friend asked me initially to join in as a partner coz they need working capital. I said no, coz he wanted me to be a silent partner. Well, I aint no stupid to invest 300K and just sit quite. I said no. So, my friend is not even bringing a penny to the table, seller is carrying two notes. My friend has no biz experience and is only has high school diploma. My friend told me he is meeting the seller and the agent for drinks and he is not taking the old man with him coz he is not social able. Help? Should I write or call anonymously!
2007-01-10
18:55:15
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11 answers
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asked by
Msfunloving
1
in
Family & Relationships
➔ Friends