Forum Discussion
Naio
Sep 10, 2016Explorer II
elialane7 wrote:
Thanks RVWestern, that makes sense. I didn't know that about the commercial property and his debt! that is scary!!
and Naio, I am pretty sure the step father does expect a return and is an investor because of what i know of what was said between them and because of an agreement they signed that he owns 1/3 in return. From what I gather, it's to help secure his daughter's future (she's now one of the 3 on board) so the share is for her to be a part of it.
As for what he knows about how the project is going or how involved he is, I cannot say. I know that he did tell them to do everything their selves without contractors or architects to try to save on costs. That part I do know.
Well, sadly, it sounds like ignorance of how things work and overestimation of how smart they are compared to other people runs in the (step)family.
The thing they need to ask themselves is: If it is this easy to create a profitable RV park, why isn't everyone in the county doing it? Is it REALLY because they are geniuses? Or could it be that they are missing something everyone else can see?
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