because he's not chinese, I type my advice in English.
It is always risky to combine personal affairs with business. A business deal has to be evaluated on its investment and return alone, It's a good deal or bad deal, simple. If you mix in personal gains/loss, often times you'd misjudge a bad deal as a good deal.
The boy's deal is not common. However, a really common example is buying a vacation beach rental, the plan is you can use it for beach vacation and rent it out when you are not at the beach. While a beach vacation investment and return can be easily calculated by itself, many people mistakenly added their "money saved staying at beach hotel" into the calculation, thinking that as long as they added the money saved the deal make sense.
This would be a mistake. Things change, maybe you'll rarely go to that beach location, maybe your friend's son and his friends got other jobs or got married and they couldn't live in that house. Then they'll find out the deal might be a bad deal when they cannot save rent money anymore.
So the advice is, take out the personal rent saved, and evaluate the deal on business alone. Is it good or bad. Only do it when the business can stand on its own.
请论坛管理员不要把此帖扶上墙头。红杏羞涩, 不愿出墙。
儿子的朋友（二十七八岁左右），非华人。初生牛犊不怕虎，想在某大城市买一个拍卖房，估计约二百万多万。计划找五个同龄朋友组成一个LLC来贷款，然后都住进去，省下房租，再慢慢装修。这房子很破烂，需要大量的整修工程。他是领头人。他的未来同伴们估计也会是年轻的professionals， 工资应该不如城内华人父母的期望水平高。
这孩子小时候常来我家玩。长大后孩子们都各自去了不同的地方工作了，但是发小的友谊长存。不知我儿子是如何向他吹嘘的，使得他误以为我很有投资经验，居然来向我讨教（seeking advice）。在我看来，这已然是个危险信号了
孩子是个好孩子，可我真不是个好导师。我自己做事本就随心所欲，不学无术且生性懒惰，实在不想耽误了这棵好苗子。所以想求坛内各位大神们给点看法，看看他的想法可行吗？若不可行，如何讲述才能不伤孩子的心。若可行，有什么需要注意的事项。
我们和儿子现都与他相隔千里，帮不上什么大忙。求各路英雄指点江山，或许我还能继续维持儿子替我营造的光辉形象。
先谢谢了。
because he's not chinese, I type my advice in English.
It is always risky to combine personal affairs with business. A business deal has to be evaluated on its investment and return alone, It's a good deal or bad deal, simple. If you mix in personal gains/loss, often times you'd misjudge a bad deal as a good deal.
The boy's deal is not common. However, a really common example is buying a vacation beach rental, the plan is you can use it for beach vacation and rent it out when you are not at the beach. While a beach vacation investment and return can be easily calculated by itself, many people mistakenly added their "money saved staying at beach hotel" into the calculation, thinking that as long as they added the money saved the deal make sense.
This would be a mistake. Things change, maybe you'll rarely go to that beach location, maybe your friend's son and his friends got other jobs or got married and they couldn't live in that house. Then they'll find out the deal might be a bad deal when they cannot save rent money anymore.
So the advice is, take out the personal rent saved, and evaluate the deal on business alone. Is it good or bad. Only do it when the business can stand on its own.
房子没修好找得到租客吗？
可以给自己的看法。是否可行，要孩子自己决定。谁的钱，谁做主
年轻人不怕摔跟头，兴致勃勃去做件事情，成败都是经验
这个project 牵涉到1，融资。2，地产买卖。3，装修工程。4，后续管理。
还牵涉到朋友关系，不是简单的事情。就是有多年经验的地主也不敢随便下手。没经验的年轻人敢想敢做，这就是初生牛犊不怕虎的精神。要鼓励！但是现实地说：如果你自己也不擅长，能给帮助也有限，他们找你指导，摔跟头的可能性越发地大了。
别人家的孩子。你如果想拦着不让他们摔，一是不一定能拦住，二是可能让年轻人失去了被摔打的机会。
目前房子的状况大概只有五个混小子才会愿意进去住。
要算好几笔帐，假设他的计划是flip。
最乐观的，省的租金都算上然后转卖。
最悲观的，不省租金，就是空置装修然后转卖。
实际的帐，假如一个合伙人不能住，是不是需要给他们的投资付利息，多少利息，有没有现金付他们利息。如果两个三个合伙人不能住呢？他们五个人肯定要顶一个合伙合同。那么合同里面要写明一些可以预料到的情况以及解决办法。
但又怕伤他心， 所以先来求援来了。
if it is my son, I will smile all day.
Don't worry, the worst case is they will lose money. they still have food and shelter.
(发自我的文学城离线浏览器)
十二年买股票一样，瞎猫都能撞上死耗子。
没经历过大风大浪的孩子，一切都爱往好处想， 也不做“risk calculation"
谢谢你的回复。 那我还是把这里收集的各种可能性都给他讲讲吧。
五个人合伙的最大问题是很难取得一致意见，三人以下会好一点。