M
maximusprime
New Member
This thread will be the place where the "Directors" (those who attend the meetings) of the Investment Coalition will work out the details regarding how to organize group purchases. Here, important issues will be highlighted and argued until a suitable solution is reached. Issues brought up in this thread will be noted and solutions voted upon in the meetings in an effort to establish a set of well defined operating procedures. To get started, here are some of the points brought up in the last meeting (and some others I thought of later). All open for discussion, we are trying to find the best solution here.
1. How to distribute good views and bad views within a floor when purchasing as a group.
Solutions offered:
-1st come 1st served
-Draw numbers
-Battle Royale
2. The need to define a window of action. By deciding in advance approximately when we will want to make an investment. Those who wish to be involved can free up the necessary funds in time.
Proposed time:
-The month of september
3. Definition of acceptable terms. It will not be possible for all 100 of us to walk into a developers office and start negotiating. A few representatives will be sent to negotiate on behalf of the group. The line between deal and no deal needs to be established before negotiations begin. The negotiator(s) will not accept any deals that are not within the guidelines previously established by the group. These terms will be defined and investors can decide whether they are in or out based on these terms.
4. The organizational framework. Distinguishing between active members and passive or remote investors without excluding anyone from contributing intellectually, or professionally. The active members will do the legwork, they will look for the properties, they will decide on terms. The passive investors need only to say yes or no and write the cheques when they want to invest (very good for friends and family in other countries). The meetings will not be exclusive however and anyone who feels they have something to contribute will be welcome.
-Personally, I think there should be a well defined leadership to keep the meetings organized and prevent a situation where you have a room full of 300 people al shouting their opinions at once and achieving nothing.
The issue of trust. Some suggested pooling all the money together. This brings up a lot of problems with trust. By allowing each member to hold his/her own property in his/her own name, you eliminate the chance of dishonesty and conflict in the case of a deal going sour (again, just my own personal opinion). There is however the possiblilty of a director pooling the funds of his passive investors (people who know and trust him) in which case the rest of group need not be concerned.
Incorporation. We may need to cover our asses
I propose the next meeting be held Sat. Aug 2nd.
Ok, talk away, lets get this ball rolling and make some money people!
1. How to distribute good views and bad views within a floor when purchasing as a group.
Solutions offered:
-1st come 1st served
-Draw numbers
-Battle Royale
2. The need to define a window of action. By deciding in advance approximately when we will want to make an investment. Those who wish to be involved can free up the necessary funds in time.
Proposed time:
-The month of september
3. Definition of acceptable terms. It will not be possible for all 100 of us to walk into a developers office and start negotiating. A few representatives will be sent to negotiate on behalf of the group. The line between deal and no deal needs to be established before negotiations begin. The negotiator(s) will not accept any deals that are not within the guidelines previously established by the group. These terms will be defined and investors can decide whether they are in or out based on these terms.
4. The organizational framework. Distinguishing between active members and passive or remote investors without excluding anyone from contributing intellectually, or professionally. The active members will do the legwork, they will look for the properties, they will decide on terms. The passive investors need only to say yes or no and write the cheques when they want to invest (very good for friends and family in other countries). The meetings will not be exclusive however and anyone who feels they have something to contribute will be welcome.
-Personally, I think there should be a well defined leadership to keep the meetings organized and prevent a situation where you have a room full of 300 people al shouting their opinions at once and achieving nothing.
The issue of trust. Some suggested pooling all the money together. This brings up a lot of problems with trust. By allowing each member to hold his/her own property in his/her own name, you eliminate the chance of dishonesty and conflict in the case of a deal going sour (again, just my own personal opinion). There is however the possiblilty of a director pooling the funds of his passive investors (people who know and trust him) in which case the rest of group need not be concerned.
Incorporation. We may need to cover our asses
I propose the next meeting be held Sat. Aug 2nd.
Ok, talk away, lets get this ball rolling and make some money people!