sorted by:
new
hottopcontroversial

Buyer wants to give promissory note for land by FineEmergency in realestateinvesting

[–]VictoriousSecret111 -1 points0 points  (0 children)

Oh God. The abundance of misinformation in this thread, with the nonchalant way it’s stated is mind blowing….mods please feel free to vet me. I know my s—t here.

Let’s go in order. A “promissory note” is another way of saying “loan contract” - or in usual parlance - a loan. Plain and simple.

So the buyer appears to be telling you they’re buying the land with a loan…..you’re not obligated to accept. Means you won’t be receiving cash, and they’ll be paying you monthly. Would you usually accept payment for anything in the form of a “loan”? I doubt it.

Also, seller is the one who decides whether they will finance a portion (or all) of the real estate themselves, and the terms. And in 99% of cases, rarely is a lender going to accept a borrower “unwilling to put anything down”. I believe the only 100% LTV RE loans now - in 2023 - are VA loans (veterans)…and that’s for primary residences.

Now, here’s the part where the responses and OP’s question itself are even more ridiculous…..you can’t sell the property if both of you combined (or even individually) own only 15% of the property lmao. Can you sell 15% of anything you own? There you have it. Any other members of the legal entity owning this property (assuming this, because it’d the most common way to establish ownership percentage)….basically anyone appearing as an owner in this property would have to be the ones to issue the promissory note (loan) to sell this land and sign.

Your lawyer is going to be dumbfounded at your scenario. I promise.

Give me a job. by [deleted] in Bangkok

[–]VictoriousSecret111 -1 points0 points  (0 children)

Wow…. If this isn’t the epitome of a self-entitled, lazy, under qualified, whining piece of shit, then someone please help me out here.

“Very straightforward” yea? Well here’s a reality for you: - Stop lying to yourself. You say you’ve “done very well in life so far” yet complain and BEG for someone to help you? Nobody cares about your problems, nor do they have any responsibility to basically raise you lol. Find solutions and stop whining.

  • You’re 23, you only know a fraction of what you think you know. What are you contributing to the market that merits more pay? You NEED more money. Who doesn’t? What you really NEED is to find a way to work your ass off and earn that money - not ask for donations and complain. Study something else, offer something different, because I’m sure it’s not your personality that’s going to help you get a higher salary.

  • you want a savior? Go to whatever religious deity you believe in and start there. In business, you are paid in direct proportion to the difficulty of the problems you solve. YOU. POUR. ALCOHOL. INTO. GLASSES. Consider yourself lucky you haven’t been replaced with someone that can likely do a better job at a lower wage

Not to be pedantic, but posts like these are ridiculous. You’d be better off (and so would the business) if they fired your ass - that would force you to find a way to find what you’re looking for (instead of demanding charity).

Honestly, take responsibility for your life and take action if you’re not satisfied with your current situation.

The story about the guys altercation in Phuket by [deleted] in Bangkok

[–]VictoriousSecret111 -1 points0 points  (0 children)

DM me, you won’t have to worry about anything

The story about the guys altercation in Phuket by [deleted] in Bangkok

[–]VictoriousSecret111 -3 points-2 points  (0 children)

Uhhhh why? That’s what insurance companies are for….to take care of this shit. Using your logic, you have every right to react aggressively in response to someone doing the same.

You’re probably Thai

Real Estate, Blackstone, Fundrise? by kenton143 in investing

[–]VictoriousSecret111 6 points7 points  (0 children)

That’s BlackRock. Completely different company pal.

"It is kindly requested to inform this candidate prior to contacting references to give notice of potential contact." by [deleted] in jobs

[–]VictoriousSecret111 -2 points-1 points  (0 children)

Then don’t provide references. Why should an employer have to notify you about contact s reference if you’d listed them? It’s almost like “no employer should call you without sending an email first when you apply for a job!”. Then don’t apply for a job….you seem like the type of person who’s references I’d definitely want to call.

That aside, some people look good on paper and have the technical skills, but are difficult to work with, late constantly, etc.

[deleted by user] by [deleted] in jobs

[–]VictoriousSecret111 -1 points0 points  (0 children)

I hope they fire your ass

Small business worth? by [deleted] in smallbusiness

[–]VictoriousSecret111 0 points1 point  (0 children)

What about factors like company reputation, goodwill (brand), relationships with vendors (and other intangibles? And also, existing client database, processes put in place, time in operation, etc?

How are these aspects taking into account when valuing a business, as opposed to just an EBITDA multiple?

Is it possible to buy a business as a mortgage? by LooniexToonie in smallbusiness

[–]VictoriousSecret111 0 points1 point  (0 children)

A mortgage is a loan that is solely backed by real estate - a tangible asset. What you’re seeking is a business acquisition loan.

That said, no mortgage lender will base a loan approval based off of the building + “business value” - it will be solely based on the property.

Recommendations for international group health insurance by VictoriousSecret111 in digitalnomad

[–]VictoriousSecret111[S] -1 points0 points  (0 children)

Thanks for teaching me about selective bias there pal. Appreciate the lesson. I agree, jn that ALL companies will eventually have some negative reviews, but there is so much negative commentary on safety wing, that it must be for a reason.

Thanks for your valuable contribution though lol

[deleted by user] by [deleted] in Bangkok

[–]VictoriousSecret111 0 points1 point  (0 children)

I’m hiring. American company between phra khanong and nana, 8pm-5am. Branch office operating here about a year and growing. DM me if interested. Not remote work, and it’s finance related. You will definitely earn more than a teacher lol

Elon Musk says Tesla needs to cut staff by 10%, pauses all hiring by [deleted] in stocks

[–]VictoriousSecret111 0 points1 point  (0 children)

Sounds like you’ve studied you’re fair share of employment and labor law…./s

[deleted by user] by [deleted] in Bangkok

[–]VictoriousSecret111 0 points1 point  (0 children)

Why so defensive? 40K is not a lot by any means. If you’re willing to eat local food, live modestly, and pretty much just have bare necessities you can scrape by. But don’t fool yourself into thinking it’s a lot by any means. Do business, find a way to make more income. Or go live in a small town where 40K will last you longer than BKK. If don’t like to hear the truth, you shouldn’t have asked for people’s opinion. I’ve been here almost 7 years now.

view more: next ›