Boy.... I screwed up!

[areo16]

Originally Posted by AVGWarhawk

A few things of note:

1. Loaning money to a family member is not a loan. You will never see it again. Write it off.

2. Never do business with family members. Generally they are not family any longer after the business is completed.


Advise the family members that you are handling it yourself and if a 3rd party was to get involved it would not be a family member. It avoids hurt feelings if problems arise. And they do. Or the deal goes bust.

Great post. Keep them separately. Even if I required assistance of an agent I wouldn't use a family member for the same reasons as you say
. Because I would be negotiating the BAC with them to as low as possible.and feelings could get hurt.