Okay, so maybe I was a bit premature in analyzing my friend's vision of this industry. As I said in a recent post, my friend appeared very negative about REI.
Well, I got a phone call from him a little before lunch, and he said he would like to know more about what I was doing. I said I could meet him for lunch today and give him a general idea of where I was coming from.
So, we met for lunch, and I told him the basics of REI, starting with the old adage: You make your profit when you buy. After spending the next 30 or so minutes explaining the "why", I asked if he was interested in the "how" - to which he answered "yes". He didn't seem 100% convinced about using the equity in his personal residence, but he wasn't 100% against it, either. He also mentioned he has a relative who is getting his RE license soon, who could help in locating properties on the MLS.
I didn't want to spill too many beans in this conversation, because I want to make sure he is totally onboard with this venture first. The last thing I want to do is regurgetate 10 months of my hard earned experience to him and have him run with it alone (or worse, relay the info to one of his other friends and they run with it). So, now that I have the clay in front of me, I need to form the new relationship in a way that benefits the both of us. And I will tell him the "how" in later meetings.
1 comment:
Good viewpoint.
I guess to understand where I'm coming from, one must really understand my friend (which, I know, is hard to portray with only a few short blurbs I've made).
Part of me feels "stingy" in the fact that I have no qualms about telling my friend at all (as a matter of fact, I'm thrilled), but I'm a little uneasy he might relay the information to others, whom I'd rather not know (mainly his other friends I mentioned before, who could run with it as if it were THEIR idea). That is why I want to go about this in way that can benefit us both without causing any adverse side-affects.
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