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I love the colors. But don't care for your "friend".
You owe him nothing. You don't get paid when you have no skin in the game.
I flip cars occasionally with a friend of mine. I do the buying and selling, he does the repairs. Everything is split down the middle no matter what, profit or loss, spilt down the middle.
That makes perfect sense. He tried to get me to do that, but I knew it'd be a problem. I'm OCD and want to fix everything he wants to get as much cash for doing the least amount. I knew after we took on this project I don't want any business doing business with him. I pointed out every flaw in the boat and said we should fix it. He said nah, just get it running, and clean it up a little. We argued a bit about it and I just washed my hands of it and said point me where you want me to work and I'll do it. So I reckon I shouldn't be shocked he's reacting this way, just kinda hurts.
Screw him! My best bud just stopped talking to me because I won’t let him take my brand new boat on vacation for a week with some of his family. I have literally had the boat out once!!! We’re in our mid 40’s and been best friends since high school. It really pissed me off when he got mad! I just said fuck it and don’t think about it. I suggest you do the same. Your buddy and mine should buy a boat together and let them aggravate each other! They will both figure out they are in the wrong at some point, but nice guys like us don’t need to let it bother us. Just move on and let him catch up, that’s what I’m going to do! Good luck!
Yeah someone like that is not what I’d consider to be a “friend”. Put it this way, let’s say one day he says “hey, you should invest in _____ Company, looks like a solid stock”. Several years later if he comes to you and says “Hey I made a recommendation to you, you owe me”. Would you feel obligated? I sure as hell wouldn’t. Your investment, your profit. This dude you called a “hustler” is not the type of person you need in your life. My motto has always been “surround yourself with the type of people you aspire to be”. I don’t think you aspire to be a nearly 40 year old dude living in your parents house, nor someone others describe as a hustler. Know your worth my guy!
That makes perfect sense. He tried to get me to do that, but I knew it'd be a problem. I'm OCD and want to fix everything he wants to get as much cash for doing the least amount. I knew after we took on this project I don't want any business doing business with him. I pointed out every flaw in the boat and said we should fix it. He said nah, just get it running, and clean it up a little. We argued a bit about it and I just washed my hands of it and said point me where you want me to work and I'll do it. So I reckon I shouldn't be shocked he's reacting this way, just kinda hurts.
We agreed not to question each other on our areas of expertise. He does what he thinks necessary repair wise and I don't question it. He wants to make as much money as we can and if it needs to be fixed it needs to be fixed.
I think he's absolutely right. You should send him an invoice to settle out the transaction. 50% of costs incurred since purchase including maintenance and insurance, interest if financed, cost of upgrades, etc. Then you can add a credit to the invoice with 10% of the profit. Seems a fair solution.
Sounds like an a-hole, honestly. I'm sure there is more to him than this, hence your friendship, but seriously. What possible rationale can he have for expecting 10% of the "profit" (of which there is actually none)? Seriously - I would be interesting to have him get on this thread and write out his position.
I'm thinking along the same lines of everyone else. You owe him nothing. If you value the friendship, let him know that. Explain the circumstances, your investment, and what his contribution was. Let him know that if he desires to maintain the friendship he'll need to deal with his own hangups about it. Of course be rational and avoid insulting him.
Write him a note and leave it on his doorstep with a pack of beer.
I was reading through the post and was 100% with ya... until I saw how much you paid for the boat and immediately felt sorry for your friend for letting it go so cheaply. I mean, you're still completely in the right here, but I can kind of see why he's feeling like he got shafted a bit.
I was reading through the post and was 100% with ya... until I saw how much you paid for the boat and immediately felt sorry for your friend for letting it go so cheaply. I mean, you're still completely in the right here, but I can kind of see why he's feeling like he got shafted a bit.
Interesting tidbit of information that also makes this quite dumbfounding. I take insane care of my stuff. Most used things I sell are in as good of condition as new things. So he feels I always sell stuff too cheap when I sell it. Normally I go for a fair amount, but that will sell quickly so i'm not messing about with rando's off the internet. Sold our civic a few months back and he said I basically gave it away. He would have paid me the same amount and then flipped it for more. Which is somehow ok, but what I did was not? Yet it wasn't even his boat to begin with, and all he did was facilitate the sale originally. :dunno:
Interesting tidbit of information that also makes this quite dumbfounding. I take insane care of my stuff. Most used things I sell are in as good of condition as new things. So he feels I always sell stuff too cheap when I sell it. Normally I go for a fair amount, but that will sell quickly so i'm not messing about with rando's off the internet. Sold our civic a few months back and he said I basically gave it away. He would have paid me the same amount and then flipped it for more. Which is somehow ok, but what I did was not? Yet it wasn't even his boat to begin with, and all he did was facilitate the sale originally. :dunno:
Ahhhhhhhh... that makes a bit more sense then. I thought he sold it to you and wanted you to try and flip it and reimburse him. So at no point did your friend own the boat or put any money into it?
The only way you would owe him money is if he contributed to the purchase in the first place, and then put in 10% of the investment (time and $) in to the fix up of the boat.
If I tell you Costco has tubes on sale, I dont expect you to send me 10% of your savings!!!
Some people are always looking for a come up. For some money is more important that friendships. I’ve known many who’ve chosen the come-up over a long lasting friendship.
Happens with women just as often. Take care of yourself and the rest will take care of itself.
