counter offer and retaining our friendship
Saturday, March 3rd, 2007
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i just got off the phone with S2BX. we talked about my counter: he keeps florida and i keep redwood shores.
after some talking and explaining and near arguments we were able to come to an agreement. i think both of us are happy. we are able to save our friendship. since he was willing to offer 80%, then i’m comfortable taking plus/minus 70%. so there you have it.
whoever takes florida means that they take the profits-equity-cash later and takes some of it’s intangible benefits such as: it’s an investment that diversifies their portfolio, benefits of having a rental/property, etc.
he didn’t want it at first but seeing that i couldn’t afford the property right now and that i need cash right now to pay for my health bills, he didn’t argue on giving me all of redwood shores. i still would’ve gladly taken florida though. but i’m sure he doesn’t mind having the tax deductions to help offset his hight salary. i think i did a good job at selling him on florida.
we were both sad. i was crying but now, there is a big sense of relief and i’m glad he and i don’t have this huge thing pushing down on us. next step is to contact my lawyer so she can draft up the paperwork.
FLORIDA – owner ship, liabilities, profits from sale, equity – realtor fees from sales = S2BX
REDWOOD SHORES – owner ship, liabilities, profits from sale, equity – realtor fees from sales = M
TAXES 2006 – filing joint.
Money owed = S2BX will pay the first $13,755 for the JNJ stock sale from the savings account. Anything above that is 50%-50%
Money back from government if any = 50%-50%SAVINGS/CHECKING account – remaining balance = S2BX except accounts xxx63 and xxx64
XTRA – M will reimburse S2BX for misc. receipts paid by S2BX after 10/06
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