Posted by Doug, KY on February 24, 2000 at 16:33:50:
When you are talking with him next time, just bring up the fact that you may be coming into some money (80,000)in the near future and are thinking about investing it. Your thinking about investing it in bonds, stocks, real estate, whatever. And in a few years, it will be worth enoungh to pay him off. Unless he would like the the money now as a payoff for the loan. Just depends on how bad it wants the money. If he says yes, then say “I’ll have my attorney draw up the papers and make all the arrangements.” Everybody wins.
Hope this helps.