- Joined
- Aug 26, 2011
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I know quite a bit about the development world & project finance.
1. All I've read in the last day, and my recollection of past things he said, he is a VERY unsophisticated real estate player. That doesn't mean you can't entice investors to place their trust in you & put cash in your hands. The Primary thing I see: he was associated with a major CT name. Simon Konover. If he really had contractual relations with Konover & a real position in any deal, I think I'd tell colleagues to go ahead ... with normal due diligence.
2. The personal expenses & paying yourself while you are pursuing a deal is commonly done. But ... Also a common trap. Have a blemish or something doesn't happen, and you're screwed. Best to separate all accounts & personal. What he did there ... I've seem other name guys do.
3. Don't go Trump if you think this is not kosher.
4. Yes. A fool represents himself. And desperate. He obviously needs help, God & Lawyers. All the rigamorole definitely expanded his sentence.
5. These AG prosecutors sent out of their way to pile on. Do your JOB. Don't take pleasure & pump up your image with your mouth. I don't respect this.
6. Who knows the realistic chance of this making a groundbreaking. RE Development is very hard. Not for the unsophisticated or gutless.
Sad story. And I'm not following some of you: I hope someone steps up for Tate & he gets some good advice. The Lawrence Phillips story is easy to slide into. (It's OJ too)
1. All I've read in the last day, and my recollection of past things he said, he is a VERY unsophisticated real estate player. That doesn't mean you can't entice investors to place their trust in you & put cash in your hands. The Primary thing I see: he was associated with a major CT name. Simon Konover. If he really had contractual relations with Konover & a real position in any deal, I think I'd tell colleagues to go ahead ... with normal due diligence.
2. The personal expenses & paying yourself while you are pursuing a deal is commonly done. But ... Also a common trap. Have a blemish or something doesn't happen, and you're screwed. Best to separate all accounts & personal. What he did there ... I've seem other name guys do.
3. Don't go Trump if you think this is not kosher.
4. Yes. A fool represents himself. And desperate. He obviously needs help, God & Lawyers. All the rigamorole definitely expanded his sentence.
5. These AG prosecutors sent out of their way to pile on. Do your JOB. Don't take pleasure & pump up your image with your mouth. I don't respect this.
6. Who knows the realistic chance of this making a groundbreaking. RE Development is very hard. Not for the unsophisticated or gutless.
Sad story. And I'm not following some of you: I hope someone steps up for Tate & he gets some good advice. The Lawrence Phillips story is easy to slide into. (It's OJ too)