Go Back   iRV2 Forums > iRV2.com COMMUNITY FORUMS > iRV2.com General Discussion
Click Here to Login
Join iRV2 Today

Mission Statement: Supporting thoughtful exchange of knowledge, values and experience among RV enthusiasts.
Reply
  This discussion is proudly sponsored by:
Please support our sponsors and let them know you heard about their products on iRV2
 
Thread Tools Search this Thread Display Modes
 
Old 02-02-2015, 05:42 PM   #43
Senior Member
 
Join Date: Aug 2011
Posts: 252
A partnership is only as good as the partner .i have had both
__________________

__________________
halftimer is offline   Reply With Quote
Join the #1 RV Forum Today - It's Totally Free!

iRV2.com RV Community - Are you about to start a new improvement on your RV or need some help with some maintenance? Do you need advice on what products to buy? Or maybe you can give others some advice? No matter where you fit in you'll find that iRV2 is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with other RV owners, see fewer ads, upload photographs, create an RV blog, send private messages and so much, much more!

Old 02-03-2015, 08:35 AM   #44
Senior Member
 
bamaboy473's Avatar
 
Join Date: Jun 2014
Location: Gulf Coast, Alabama
Posts: 1,734
[QUOTE=halftimer;2408737]A partnership is only as good as the partner .i have had both Types


fify (I think)
__________________

__________________
Rick and Sandy
2003 American Eagle, 52K miles
bamaboy473 is offline   Reply With Quote
Old 05-31-2015, 11:08 AM   #45
Senior Member
 
Join Date: Aug 2013
Location: Anacortes, WA
Posts: 113
partnership

Danes, I am glad that you translated the agreement. You had previously mentioned an 85% correct google translation and that could be disastrous if Gomango tried a DIY approach and tried to complete it without someone with knowledge of the Danish language. I was executor of the U.S. portion of the estate of my aunt in Norway and I had to communicate with a cousin in Norway and when I used Google I had to do a lot of tweaking in both English to Norwegian and vice versa. In my case my knowledge of the Norwegian language got me thru the estate business. Even though the estate business was very serious there were many google translations that were downright hilarious.

Gormango, as far as a partnership I think it best to do it alone. We did a very unstructured partnership many years ago with my in-laws and there were problems galore. Much of that could have been avoided with a written agreement but I am a firm believer in going it alone.

I got kick out of your comment about the Patriots and a blowout after the deflated ball syndrome. Seahawks will arise again!

Lee
__________________
Beth, Lee and Buster (AKA Busticator, 14# King of All Pomeranians - Protector of His People)
2007 40' HR Ambassador & 2005 CR-V
ballard770 is offline   Reply With Quote
Old 05-31-2015, 11:21 AM   #46
Senior Member
 
bamaboy473's Avatar
 
Join Date: Jun 2014
Location: Gulf Coast, Alabama
Posts: 1,734
Tennis is an interesting game inasmuch as it gives insight into how people behave, and into their character. Close call on the line from the opponent, does he call it out? Slight tip of net on the serve, does he call it (even if you aced on that point)? If both of you share the same level of integrity on the court, I think a partnership is a good way to save money while enjoying a nice toy.
__________________
Rick and Sandy
2003 American Eagle, 52K miles
bamaboy473 is offline   Reply With Quote
Old 05-31-2015, 12:02 PM   #47
Senior Member
 
spsm's Avatar
 
Join Date: Oct 2013
Posts: 613
Are you SERIOUS.........buying an RV with a friend is like co-signing for a your friend's car. NO THANK YOU ....But, good luck to you anyway.
__________________
spsm is online now   Reply With Quote
Old 05-31-2015, 12:09 PM   #48
Senior Member
 
bamaboy473's Avatar
 
Join Date: Jun 2014
Location: Gulf Coast, Alabama
Posts: 1,734
Quote:
Originally Posted by spsm View Post
Are you SERIOUS.........buying an RV with a friend is like co-signing for a your friend's car. NO THANK YOU ....But, good luck to you anyway.
Different strokes. What's important is both parties understanding that the partnership revolves around....first, last and foremost....MONEY (not friendship).

Get the details in writing, including quit-claim ownership if a person breaches the contract. Be emotionally able to dissolve the friendship if this happens...and plan for what if one of you loses their job or gets divorced.

But it's do-able, fersure.
__________________
Rick and Sandy
2003 American Eagle, 52K miles
bamaboy473 is offline   Reply With Quote
Old 06-16-2015, 03:03 AM   #49
Member
 
Join Date: Apr 2015
Location: Colorado
Posts: 44
I have owned boats and RV's with another family for years. Worked great for me. Never a scheduling conflict or a disappointment. Maybe I was lucky.
Financing was never a problem, because we didn't believe in financing toys. Pay cash or do without. No contract was needed. Pick friends that have honor.
__________________
Leardriver is offline   Reply With Quote
Old 06-17-2015, 07:00 AM   #50
Senior Member
 
bamaboy473's Avatar
 
Join Date: Jun 2014
Location: Gulf Coast, Alabama
Posts: 1,734
Quote:
Originally Posted by Leardriver View Post
Financing was never a problem, because we didn't believe in financing toys. Pay cash or do without. No contract was needed. Pick friends that have honor.

You bring up a valid point about money. If either party goes by a family budget that's pretty strict, then they aren't good candidates for partnerships.

Both parties need to have enough COH or disposable income that the MH or boat or mountain cabin are just extensions of their fun-ness, instead of being another monthly bill to prioritize in the payment hierarchy.
__________________
Rick and Sandy
2003 American Eagle, 52K miles
bamaboy473 is offline   Reply With Quote
Old 06-17-2015, 09:46 AM   #51
Senior Member
 
Ford Super Duty Owner
Join Date: Apr 2012
Location: Austin, TX
Posts: 1,885
Quote:
Originally Posted by spsm View Post
Are you SERIOUS.........buying an RV with a friend is like co-signing for a your friend's car. NO THANK YOU ....But, good luck to you anyway.
You guys that say no.. This is a pretty common arrangement with aircraft owners and probably translates well for RV use. Not all partnerships work out great, but it can be done well and work out for all involved.

I've been a partner in an airplane for going on 4 years now. I basically get to use it whenever I want. In 4 years, I've probably had 2 weekend conflicts.

We've got 1M in liability and if the aircraft was destroyed, it's insured above market value. The rest is how well the partners work together, who makes decisions, etc...

I can tell you that it CAN work out well and it's possible to get a nice toy at a fraction of total ownership costs...
__________________
cb1000rider is offline   Reply With Quote
Old 06-17-2015, 10:35 AM   #52
Senior Member


 
Join Date: Apr 2015
Posts: 997
To each their own. I have had friends in the past that I thought were worth their weight in gold. Just keep in mind that things and people can change. If a situation arises where your partner's life situation changes, such as illness, divorce, business or investment failure etc, a partnership for pure luxury item is going to be the first to go. No matter how good the intentions, life can have other plans. Good luck
__________________
2014 Raptor 300MP, 2014 Cowboy Cadillac - Ram 3500 Crew Cab Long Bed Longhorn 6.7 Cummins Turbo Diesel DRW 4.10 Rear End, 5588 Payload, Firestone Airbags, Curt Q20, TST507
raineman is offline   Reply With Quote
Old 06-18-2015, 02:23 PM   #53
Junior Member
 
Join Date: Jan 2014
Location: St Louis , Mo.
Posts: 21
Cover All the Bases

We try to cover all the bases in the co ownership agreement. Nothing should be taken for granted.
Only time will tell on how its going to work out.
So far so good, of course we only had it for 2 months.
Open and honest communications is the key in any relationships even in joint RV ownership.
__________________
gomango is offline   Reply With Quote
Old 06-18-2015, 05:49 PM   #54
"Formerly Diplomat Don"
 
Dutch Star Don's Avatar
 
Newmar Owners Club
Join Date: Apr 2005
Location: Moorpark, Ca.
Posts: 9,313
One thing everyone has missed.....if you both own the RV you can never go camping with your friend.
__________________
Don & Mary
2014 Newmar Dutch Star - All Electric - 450 ISL
2016 GMC Canyon 4WD Crew Cab
Dutch Star Don is offline   Reply With Quote
Old 06-18-2015, 06:03 PM   #55
Senior Member
 
Mr_D's Avatar
 
Solo Rvers Club
iRV2 No Limits Club
Join Date: May 2011
Location: Vancouver, WA
Posts: 28,538
Not common with RV's but lots more in the small airplane world. Someone on one of their boards should have some ideas and contracts.
__________________
2009 45' Magna 630 w/Cummins ISX 650 HP/1950 Lbs Ft
Charter Good Sam Lifetime Member, FMCA, SKP
RV'ing since 1957, NRA Benefactor Life, towing '14 CR-V
Mr_D is online now   Reply With Quote
Old 06-22-2015, 04:01 PM   #56
Senior Member
 
bamaboy473's Avatar
 
Join Date: Jun 2014
Location: Gulf Coast, Alabama
Posts: 1,734
Quote:
Originally Posted by raineman View Post
To No matter how good the intentions, life can have other plans. Good luck
That is covered in co-ownership agreements that are well-thought-out.

In ours, it was all about paying when we're supposed to pay, to pay penalty if late, to have X number of days to correct a default, and finally, to give up ownership interest at a fire-sale price if we elect to.

Quit-claim documents signed by each partner at the onset allows things to proceed pretty easily if it comes to that.
__________________

__________________
Rick and Sandy
2003 American Eagle, 52K miles
bamaboy473 is offline   Reply With Quote
Reply



Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Purchase agreement wording KnightsWatch 5th Wheel Discussion 11 11-26-2014 11:38 AM
Is that part of ownership? Cabinfever Newmar Owner's Forum 16 11-14-2014 07:59 AM
Annual Cost of Ownership craig.sayre Class A Motorhome Discussions 6 07-24-2014 09:29 PM
DW & I in agreement our choice for our next FT 5r will be..... Kro1957 5th Wheel Discussion 22 01-30-2014 11:07 PM
Bipartisan Budget Agreement Hooligan Military / Veteran RVing 14 12-14-2013 02:49 AM

» Virginia Campgrounds

Reviews provided by


Copyright 2002- Social Knowledge, LLC All Rights Reserved.

All times are GMT -6. The time now is 11:40 AM.


Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.