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Originally Posted by JoeGoldfarb she needs an infusion of capital to regain her footing. if i am going to invest in her failed business model, what should i demand out of the deal? |
If it were me, and my Mom needed some money, that I had and could afford to give, I'd give it, free and clear. I might make the
request that she get rid of some of her stuff if I felt like it was of some kind of safety concern (fire hazzard?). And I might
request that she look into Debtors Anon if she seems to have real trouble dealing with money (I have a friend who is making real strides in that program). My feeling has always been to never "loan" people money, because it never seems to work out the way you expect with the repayment thing! If I have it to give away with out the expectation of getting it back, then I do. That way its a pleasant surprise if they do manage to repay.
Good luck!