Integrity In Reia Investing
I am posting this topic to get responses around the country on how trustworthy is the investors yuo are www.incountering.I have been ripped of for birddog fees and have trusted seasoned investors onl;y to be let down? is the money so good that investors have to behave this way?
shadow4,
Glad to meet you.
It certainly would be a great investing society if all that was needed would be a hand shake between people dealing with one another but it doesn't work that way unfortunately.
You are the one who needs to protect your interests, so you should have your investors sign an agreement with the terms and conditions set forth in writing between the two of you. Keep it business, this way there are no mis-understandings.
Normally the fee you should have received can be collected in small claims court should the investor not live up to their end of the bargain. No big monetary expenditures doing it this way on your part and your paperwork will back up the terms and conditions.
I do not like to hear stories like you posted, so from now on protect your business. It just ain't a perfect world.
John $Cash$ Locke
Honest investors will be more than happy to sign the agreement that John suggests. They understand that it is in everyone's best interests.
Years ago I was burned by Investors who didn't pay as agreed for services performed. My attorney provided sound advice... "Once a service has been performed, it's value diminishes."
If I am called in to facilitate a complicated, high end acquisition for a Client, in addiiton to a front end retainer, I now require that my back-end fee be placed in trust with an attorney... accompanied with explicit disbursement instructions... that the fee is to be released per a schedule of accomplished objectives. Benchmarks.[ Edited by TheShortSalePro on Date 12/25/2003 ]
thanks for the responses this investing can make you alot of money so i geuss it is going to be sharks and any thing fthat invloves money?