Community partnership
“If I can’t do it alone, I’ll call my friends”
There is nothing wrong or unusual in joining together. Collective ownership of real estate is widely used in the world.
I have been uniting people since 2004, I am very good at it. The law provides my clients with stability and security, and I help them draw up the documents correctly.
Most often, an LLC is chosen for work – a Limited Liability Company. This form of enterprise allows you to create constituent documents (an agreement on the foundation and a charter), which very clearly distribute rights and obligations. This is very important: the founders, while still “on the shore”, determine who of them, how and what they will do and what dividends they will receive.
How does it work?
- Two or five or twenty partners invest a not very large amount of money in their LLC each and receive shares of this LLC in return. The law protects their rights, they are the owners of shares and co-owners of the LLC.
- When there are enough funds in the LLC account, the partners choose what to buy. Organize meetings during which my colleagues or I offer partners certain objects for purchase. This could be, for example, land or a workshop in Latvia, an apartment in Spain or a house in Slovenia.
- When the partners decide what to buy, my colleagues and I prepare the deal.
- After the purchase, the partners decide what to do with the object: use it themselves, repair and sell it or rent it out.
What is this for?
Your money becomes cheaper. By replacing money with real estate, you stop inflation for yourself. Keep your savings in something valuable. Pooling allows you to own something that you cannot buy alone.
Security
Pooling is safer than pension funds, buying shares in other people’s companies or investing in startups, because you do not need to give your money to anyone to manage. You invest your money in your company, which buys your real estate. Therefore, your savings cannot disappear (be stolen).
Pooling is safer than buying various securities or cryptocurrency. To manage these assets, you need a professional who you trust and pay.
In fact, it may only be safer to invest in your own education or your own business, but these are different things.