Why to Invest with Reasonable People
Okay so I have a bit of a rant here. Last year I did a JV deal with a guy I didnt know. He wanted to do a JV deal. After closing he decided that he wanted interest of 20% per year(because he didnt know me). Feeling like I wanted to be the better person and I agreed because there was profit to be made. We are going to closing now, and suddenly he feels I shorted him, so I agreed to the original JV terms minus the payments made. He is getting a 70.6% ROI and he feels like the deal should be better. He quoted to me, I accept this but know I am pissed. I was like um seriously. Know who you partner with before doing a deal. Just wondering all your guys thoughts or if you had a deal like this before. The awesome part is then he asked when the next deal was, the response when I told him there wouldn't be another one with him.