Inthedetails said: ↑
Exactly. There is something weird about the business that many WSers are picking up on. We can't quite put our finger on it, imo, because we are honest people who understand how regular businesses function....and this isn't a regularly-run business and my suspicion is that it isn't honest either. IMO
Speculation only. Thinking aloud.
jmo
He had to do something with all that money he borrowed from his FIL / building showy houses and listing for a small fortune makes sense to me when you consider the alternative / he had to pay his FIL back when they sold - free money until then -all JMO (ex borrow 500k from FIL spend 200k out of pocket on remodel net 300k -hidebin greece or wherever - list property for 4 million/ never sells never pay back the 500k)? Pretty good while it lasts IMO
Exactly. There is something weird about the business that many WSers are picking up on. We can't quite put our finger on it, imo, because we are honest people who understand how regular businesses function....and this isn't a regularly-run business and my suspicion is that it isn't honest either. IMO
Speculation only. Thinking aloud.
jmo
He had to do something with all that money he borrowed from his FIL / building showy houses and listing for a small fortune makes sense to me when you consider the alternative / he had to pay his FIL back when they sold - free money until then -all JMO (ex borrow 500k from FIL spend 200k out of pocket on remodel net 300k -hidebin greece or wherever - list property for 4 million/ never sells never pay back the 500k)? Pretty good while it lasts IMO