Partnerships are the root of all evil. They can ruin a good business, even better friendships, and mix family in to it ....
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- Rank: Chile Forum Citizen
- Posts: 1991
- Joined: Tue Jan 08, 2008 12:08 am
- Location: Columbus, Ohio
That is exactly the arrangement we have settled on here in the US. We buy cheap enough that there's plenty of upside for us, the middleman, and the buyer. We'll likely do the same in Chile. We just made a nice contact, more guys who import into Chile. Also some people looking for income in the US on rental real estate. From what they have seen, Chilean rental property does not produce much income per dollar of purchase price. They also said Chilean eviction laws are not favorable. From what I have seen, rental rates on Chilean property are low compared to cost. I have no real sense of eviction laws there. Evicting in Columbus, OH is pretty easy, usually about a month + $600 or so in court & lawyer costs.I would work up a fixed price to sell them to him. Whatever he makes above, that more power to him.
Truer words are rarely uttered. I have seen it personally and vicariously via clients. It's a marriage, minus the sex, but with a strong F'ing still quite possible. I am not a fan of partnerships in general - granted, I am biased based on painful personal experience and, frankly, my personal inability to tell the difference between someone's potential and what they will actually do. I know others who are better judges of character than I who do well with partnerships.Partnerships are the root of all evil. They can ruin a good business, even better friendships, and mix family in to it ....
In any event, best to do business with "not-family" and probably "not-friends" as well. Less to loose (e.g. - the relationship), and one is much more likely to set and follow boundaries appropriate for business as opposed to the much looser boundaries that often apply to friends & family.