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Updated about 9 years ago on . Most recent reply

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Jeremy Viele
  • Professional
  • Springfield, IL
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12
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F1RST post Hypothetical!

Jeremy Viele
  • Professional
  • Springfield, IL
Posted

This is my first post, and what better way than with a hypothetical sticky wicket?! You have debt with 3 people. You only have the money to pay 2 of them. The lenders are a bank, your parent, and private financer. Which 2 do you pay?

I just discovered this network and love it. I currently own 4 properties, one being a hack house. All in Illinois. I'm pumped about growing!

Most Popular Reply

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Rick Pozos
  • Wholesaler, Rehabber and Landlord
  • San Antonio, TX
2,502
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Rick Pozos
  • Wholesaler, Rehabber and Landlord
  • San Antonio, TX
Replied

YOu work your a** off to get the money to pay ALL three. Do what you have to do to make everyone whole again. Your reputation with your family, business partners and banks is so important. Dont be a deadbeat to anyone. Thats my philosophy.

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