IF......

[kolanuraven]

...you were 57 yrs old.....2 bad bad knees....been a cowboy all your life working for other people and lived on other people's ranches and in their hired hand ranchhouses AND NOW, for the first time ever, had a house and 80 acres of your own......owed only $38K on a 30 yr fixed mortgage....WOULD YOU.... do the following??????



Basically, throw in your WHOLE lot, land house and all to a partner to help him buy a ranch?

Here's the details: You would only be a partner , a minor one at that, and the 'major' partner has a new 3rd wife who HATES ranching and is from California. **Now the major' partner' is comfortable and has a house and land somewhere else paid for, he's comfortable already and knows nothing about the cattle biz**

You would get to live on the soon to be purchased ranch in a remodeled house.

YOU are the person who does all the feeding, doctoring, 7 days a week.

In this partnership there are 500 head of 300-400lb ' scrub/left over' late season born calves that have been bought cheap and are now on feed.

If the cattle markets rebound all is good.....BUT....BUT......BUT.... with things being on a wing and prayer as they are now, who knows? My question was, " What if this guys ( or wife) decided one day they didn't want to ' ranch' anymore.....what happens to YOU?"

I told my friend NO WAY. DO NOT risk a roof over his head for someone else's ' cowboy' dream.


Would love to hear ' what you would do' in this situation. I told him I'd thow this out here to see what the general concensus would be.


My guess is that he'll do it no matter what, he seems hell bent on the idea.

 

[Hooks]

I'll answer the question with a question........Is he happy doin what he's doin now? :wink:

 

[kolanuraven]

I'll answer the question with a question........Is he happy doin what he's doin now? :wink:

Well, he's working for this guy now looking after the 500 head.

My friend is one of those old leftover froma bygone era cowboys......loves cattle work....horseback each and every day.....should have been born in the 1800's.


He's got heath problems starting up with those knees and 40 yr heavy smoking history, and this is the first time EVER he's actually had his own home, I just don't want him to put that at risk.

 

[Hooks]

..........kinda sounds like me, if yall take a few years off........ :wink: and I'm just dumb enough to want to do it.............

but the whole deal begs the question of what or how much security he's looking for financially. If he can recoup the value of his current assets in this new partnership, sounds like he tradin pretty much even (since he's already workin for this guy).

 

[kolanuraven]

I just can't see putting security in jepoardy, when there are too many variables, esp in this day and time.


I've found him job after job on ranches over the yrs....but the problem is that after awhile he starts telling the owner/boss how to run their buisness and he's not very tactful about it. He ends up fired.

So if history repeats itself..which I fear that old dog has not learned new tricks, he'd be without a home.

 

[Hooks]

So if history repeats itself

....well that puts a little different spin on the deal............... :?

sounds like the ole boy should stick close to GA unless he has you on his speed-dial.......... :wink: :lol:

 

[Soapweed]

...you were 57 yrs old.....2 bad bad knees....been a cowboy all your life working for other people and lived on other people's ranches and in their hired hand ranchhouses AND NOW, for the first time ever, had a house and 80 acres of your own......owed only $38K on a 30 yr fixed mortgage....WOULD YOU.... do the following??????



Basically, throw in your WHOLE lot, land house and all to a partner to help him buy a ranch?

Here's the details: You would only be a partner , a minor one at that, and the 'major' partner has a new 3rd wife who HATES ranching and is from California. **Now the major' partner' is comfortable and has a house and land somewhere else paid for, he's comfortable already and knows nothing about the cattle biz**

You would get to live on the soon to be purchased ranch in a remodeled house.

YOU are the person who does all the feeding, doctoring, 7 days a week.

In this partnership there are 500 head of 300-400lb ' scrub/left over' late season born calves that have been bought cheap and are now on feed.

If the cattle markets rebound all is good.....BUT....BUT......BUT.... with things being on a wing and prayer as they are now, who knows? My question was, " What if this guys ( or wife) decided one day they didn't want to ' ranch' anymore.....what happens to YOU?"

I told my friend NO WAY. DO NOT risk a roof over his head for someone else's ' cowboy' dream.

Would love to hear ' what you would do' in this situation. I told him I'd thow this out here to see what the general concensus would be.


My guess is that he'll do it no matter what, he seems hell bent on the idea.

Kola, you and I have a history of not agreeing on anything , but I will agree with you this time. The advice you gave to your friend is right on target, and the same advice I would give to him if he were my friend. Will miracles never cease? :roll:

 

[kolanuraven]

So if history repeats itself

....well that puts a little different spin on the deal............... :?

sounds like the ole boy should stick close to GA unless he has you on his speed-dial.......... :wink: :lol:

I'm afraid I am on speed dial!!! He was so excited about this ' offer' that he called me this AM @ 6AM my time...he lives in NE!!!! :roll: :roll: :roll:


He said, about 25 yrs ago....he was in GA @ that time.....,that hell would freeze over next time he would return to GA.


Well, this may explain our early winter as he showed up on my doorstep this past Sept. with a 30' horse trailer full of horses, broke dirty and hungry. :roll: :lol:

We fed and watered and washed....and put back on the road to NE.

 

[kolanuraven]

...you were 57 yrs old.....2 bad bad knees....been a cowboy all your life working for other people and lived on other people's ranches and in their hired hand ranchhouses AND NOW, for the first time ever, had a house and 80 acres of your own......owed only $38K on a 30 yr fixed mortgage....WOULD YOU.... do the following??????



Basically, throw in your WHOLE lot, land house and all to a partner to help him buy a ranch?

Here's the details: You would only be a partner , a minor one at that, and the 'major' partner has a new 3rd wife who HATES ranching and is from California. **Now the major' partner' is comfortable and has a house and land somewhere else paid for, he's comfortable already and knows nothing about the cattle biz**

You would get to live on the soon to be purchased ranch in a remodeled house.

YOU are the person who does all the feeding, doctoring, 7 days a week.

In this partnership there are 500 head of 300-400lb ' scrub/left over' late season born calves that have been bought cheap and are now on feed.

If the cattle markets rebound all is good.....BUT....BUT......BUT.... with things being on a wing and prayer as they are now, who knows? My question was, " What if this guys ( or wife) decided one day they didn't want to ' ranch' anymore.....what happens to YOU?"

I told my friend NO WAY. DO NOT risk a roof over his head for someone else's ' cowboy' dream.

Would love to hear ' what you would do' in this situation. I told him I'd thow this out here to see what the general concensus would be.


My guess is that he'll do it no matter what, he seems hell bent on the idea.

Kola, you and I have a history of not agreeing on anything , but I will agree with you this time. The advice you gave to your friend is right on target, and the same advice I would give to him if he were my friend. Will miracles never cease? :roll:

Geezzz....scary, huh???? :wink:

 

[Blkbuckaroo]

Tell him don't do it!The only person with his best interest in mind is Him!Right now he has 80 acres that's well on becoming his,and a secure job?Sounds just right.Just my two cents :wink: Dose'nt need the extra worry and risk with the health problems.Tell him to watch the news,minor partners never make out.Genarally.

 

[Hooks]

I'm afraid I am on speed dial!!! He was so excited about this ' offer' that he called me this AM @ 6AM my time...he lives in NE!!!!

Hey, I forgot to ask the most important question........is this guy single or married??

If he's by himself, I'm thinkin this is a "done-deal"..........it don't make it any smarter, but I can understand his thinkin alittle better.......... :roll:

 

[kolanuraven]

I'm afraid I am on speed dial!!! He was so excited about this ' offer' that he called me this AM @ 6AM my time...he lives in NE!!!!

Hey, I forgot to ask the most important question........is this guy single or married??

If he's by himself, I'm thinkin this is a "done-deal"..........it don't make it any smarter, but I can understand his thinkin alittle better.......... :roll:

Divorced with a 15 yr old son( who lives with the mom in MT.)


Been married about 3 times.....women only will stay around for about a yr or so till they've had enough and leave, last one was there only 6 months.

 

[Mrs.Greg]

Just wondering...this isn't the friend that happens to own a couple Canadian TB's is it??

 

[kolanuraven]

Just wondering...this isn't the friend that happens to own a couple Canadian TB's is it??

BINGO!!!!!!!....but sadly they've already ended up as dog food or dog crap by now.

 

[Hooks]

Mrs.Greg wrote:
Just wondering...this isn't the friend that happens to own a couple Canadian TB's is it??



BINGO!!!!!!!....but sadly they've already ended up as dog food or dog crap by now.

oh yah, that guy will definitely take the deal :roll:

 

[smalltime]

If I were him I'd go for it.It seems the body doesnt hurt so bad when your trying to do something new even if you dont make it work.I realley dont think there is such athing as security.

 

[jigs]

nothing ventured, nothing gained.....

 

[Soapweed]

...you were 57 yrs old.....2 bad bad knees....been a cowboy all your life working for other people and lived on other people's ranches and in their hired hand ranchhouses AND NOW, for the first time ever, had a house and 80 acres of your own......owed only $38K on a 30 yr fixed mortgage....WOULD YOU.... do the following??????



Basically, throw in your WHOLE lot, land house and all to a partner to help him buy a ranch?

Here's the details: You would only be a partner , a minor one at that, and the 'major' partner has a new 3rd wife who HATES ranching and is from California. **Now the major' partner' is comfortable and has a house and land somewhere else paid for, he's comfortable already and knows nothing about the cattle biz**

You would get to live on the soon to be purchased ranch in a remodeled house.

YOU are the person who does all the feeding, doctoring, 7 days a week.

In this partnership there are 500 head of 300-400lb ' scrub/left over' late season born calves that have been bought cheap and are now on feed.

If the cattle markets rebound all is good.....BUT....BUT......BUT.... with things being on a wing and prayer as they are now, who knows? My question was, " What if this guys ( or wife) decided one day they didn't want to ' ranch' anymore.....what happens to YOU?"

I told my friend NO WAY. DO NOT risk a roof over his head for someone else's ' cowboy' dream.


Would love to hear ' what you would do' in this situation. I told him I'd thow this out here to see what the general concensus would be.


My guess is that he'll do it no matter what, he seems hell bent on the idea.

If the rancher buying the new place has good credit, he can no doubt have a financial institution loan him the needed money. If he fulfills his obligations, they are happy and so is he. If he doesn't have good credit, there is sure no need for your friend to get tangled up in the deal.

My advice would be for your friend to keep his assets clear and in his own name. If he wants to work for the other guy, he could draw wages in accordance with his abilities and responsibilities. If things didn't work out, there would be no long-range entanglements. Meantime he could rent out his own property, keep it in his own name, and have a haven of his own to fall back on if the other deal didn't work out.

Red flags are going up in my eyes over the potential troubles he might encounter with the original plan. Perhaps I just have an over-active BS detector. :wink:

 

[kolanuraven]

...you were 57 yrs old.....2 bad bad knees....been a cowboy all your life working for other people and lived on other people's ranches and in their hired hand ranchhouses AND NOW, for the first time ever, had a house and 80 acres of your own......owed only $38K on a 30 yr fixed mortgage....WOULD YOU.... do the following??????



Basically, throw in your WHOLE lot, land house and all to a partner to help him buy a ranch?

Here's the details: You would only be a partner , a minor one at that, and the 'major' partner has a new 3rd wife who HATES ranching and is from California. **Now the major' partner' is comfortable and has a house and land somewhere else paid for, he's comfortable already and knows nothing about the cattle biz**

You would get to live on the soon to be purchased ranch in a remodeled house.

YOU are the person who does all the feeding, doctoring, 7 days a week.

In this partnership there are 500 head of 300-400lb ' scrub/left over' late season born calves that have been bought cheap and are now on feed.

If the cattle markets rebound all is good.....BUT....BUT......BUT.... with things being on a wing and prayer as they are now, who knows? My question was, " What if this guys ( or wife) decided one day they didn't want to ' ranch' anymore.....what happens to YOU?"

I told my friend NO WAY. DO NOT risk a roof over his head for someone else's ' cowboy' dream.


Would love to hear ' what you would do' in this situation. I told him I'd thow this out here to see what the general concensus would be.


My guess is that he'll do it no matter what, he seems hell bent on the idea.

If the rancher buying the new place has good credit, he can no doubt have a financial institution loan him the needed money. If he fulfills his obligations, they are happy and so is he. If he doesn't have good credit, there is sure no need for your friend to get tangled up in the deal.

My advice would be for your friend to keep his assets clear and in his own name. If he wants to work for the other guy, he could draw wages in accordance with his abilities and responsibilities. If things didn't work out, there would be no long-range entanglements. Meantime he could rent out his own property, keep it in his own name, and have a haven of his own to fall back on if the other deal didn't work out.

Red flags are going up in my eyes over the potential troubles he might encounter with the original plan. Perhaps I just have an over-active BS detector. :wink:

Sit down Soap :!: :!: :!: :!: .....but you and I agree on this .

I told him practically word for word what you just added as your thoughts. All I got over the phone was the sound of him sucking in a another lung full of cig smoke....and then coughing up a lung!!! :shock: :shock: Then I heard spurs jingling and he had to go catch some sick calves.



Just hide and watch at this point I suppose.............

 

[smalltime]

A lot can be learned from that answer.The one thing about old cowboys with bad knees and smokes is they tend to be very independent.Maybe if you agree with him it might just scare him out of it? :wink: