Questions and Concerns when Buying an Allstate Book

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PostPosted: Thu Jun 14, 2018 1:13 pm   Post subject: Questions and Concerns when Buying an Allstate Book  

Some good information,

Still not crystal clear to me.



I am gonna keep reading.....



My Nephew wants to do this.

Buy a book

Get a chair in his father in laws real estate office and make 3 figures a year.

He is ambitious and hungry.



But I have many concerns.



He is not a rule follower, So what happens if he breaks the rules?



How fast does the book value drop? if he screws this up will the book hold its value for long? I imagine not.



Also can he as one person working alone manger a 200k book by himself, is there enough time in the day for him to give the book the attention and time it needs to hold its value?



Also he wants 50k

is the 50k money safe?

if he fails, Will we get the 50 k back?

What is the 50k for exactly?

he talks fast and it seems to me it is to buy the book, but he says He will give it right back, how?





If he buys a book for between 200k and 300k is a bank gonna lead him that money?

Looks like He gets it thru financing from the existing book holder, that seems to be the only way for him to go.


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