Friends,
As promised, I am posting the "Frequently asked questions" one might have. Post your queries if you should have any doubts.
1) Why form a community ??.
It's obvious that when you buy in bulk, you get the best discounts. Whether it's individual investing ( explained later on ) or group investing. By forming a group we have formed our own group of bulk investors.
For the investors who are just starting, this would be a fantastic opportunity to interact with experienced members who would guide and help them.
Networking would help us to connect with like minded people, thereby getting to hear of pre launches, good deals and look into npossibilities of onvesting together.
It's our intention to include legal consultants, bankers, mortgage brokers, developers, agents into the group. They would also benifit by having direct access to the group database.
Forming a community is all about having fun, learning, investing, networking with the like minded people. Knowledge is a constant evolving process and by keeping in touch and interacting with like minded people, you get to know what's happening around you.
2) Will the community attract developers ??
If a developer can interact with lets say 500 members at one stop, he would definitely be interested. He has just converted what would be 500 sales calls into one call by meeting all of them at one point.
In turn by pooling all our investments together, we pose as one entity and get the best discounts.
Developers respect bulk investors. So how do we earn that respect. We could earn that respect by forming our own group of bulk investors and negotiate for the best discounts. With a community of investors we could buy a floor if not floors. Floors if not the full building.
3) Now the next question any investor would ask is “ is my money safe “ . Let’s illustrate with an example.
For eg : There is an offer for a full floor of a commercial building of lets say 10,000 Sq ft. As an individual investor, I am interested in securing only 2000 sq ft and not more than that. Besides I would like to do my own investment and not a group.
With a database of say 800, we just need to sound the community. I am certain I will find atleast 5 or 10 out of the 800 who will be interested in the balance 8000 sq ft.
I still get my individual investment of 2000 sq ft and the balance will be shared with the other members which in turn could also be individual investments or group investors. If there are more investors interested, you go for more floors.
All the above investors could be individual investors or group investors. BUT, when approaching the developer the investors pose as one party and negotiate the best price for the full floor. You end up getting a better price. You have invested individually without the tension that my money is tied to other peoples moods.
Group investments within the community also can be done subject to gelling between individuals. In the end it’s a win win situation for both the developer as he sells a floor at one stop and you get a better price because you have bought the full floor.
Classic example : Dynasty Zarooni, they probably are a group of investors, they buy the building at much below the market value and then sell it at market price. He is not a fool to operate on a 20% margin. He is definitely getting more than that. When you buy bulk, you have the power to negotiate your terms.
4) What's the catch and how much does one pay ???.
Nothing. Membership is free. If we hire a conference hall, the expenses will be beared by the participants only and not the full community.
5) How are we going to handle so many members, say a 1000 for eg. ???
We form a pyramid kind of organization, meaning, If I get 10 members, I will be responsible to contact them and confirm their participation. Similarly you can form a group of 10...so on and so forth. When any good deals or pre launches are around, the group or team leaders will be sounded and the information is percolated down to all the members under him.
6) What's in it for investors who do not know much about investing ???.
The idea is not just to invest but helping others to invest. There are members who need help in the initial steps. That help will be given by the experienced members of the group. We intend holding meetings where we have can have a Q&A session, guest speakers to speak on varying subjects.
7) If I am in trouble with my investment. Would someone from the community help me as I might not know where to go ???.
The community will form an advisory group comprising of members who are experienced. The members will discuss the case and guide the members on how to solve the problems.
8) When do we start ???.
A community cannot be formed by a few members. We start building on groups. Each one gets a group of like minded people together and he will be the team head.
9) This idea sounds impossible ???
There will be a lot of hiccups which we can resolve on the way. If Bill Gates were to wait to launch the perferct windows, he would never would have launched it at all. He released the first version, when the bugs came up, he found a patch and released version 2. That's how it will be.
If you like to be a part of the community...start by forming your own group and network with the member who introduced you to this idea. He would in turn inform the member who told him. Weekly we would declare the number of members in.
So let's start. It's free, it's fun. let's get into those big deals, let's learn from one another.
Regards
Roshan