Re: It pays to let people know what you do - Posted by JeffB (MI)
Posted by JeffB (MI) on July 24, 2007 at 19:00:14:
I agree with everything you said. A couple things from your post stick out at me, though.
You said he was…
“…telling me about all the problems he has with his rentals”
The fact he is excited about a 15% ROI. He may be a burned out landlord or motivated seller! See if he wants to sell you his rentals, some or all, and be free from that headache. From the very limited information you posted, it sounds like he is looking for a more passive investment. Perhaps you can help solve his problem, and get paid to do it.
Remember, trailers are not the only way to make money.