Quote:
Originally Posted by rudeboy
i would be interested but how can i trust u? I dont want to offend you but come on we are talking about 250,000dhs which is LARGE amount of money. If I and other commitee members hand in 250,000dhs to you and you run off what happens next? What protection do we have? How do we know that you havent got "friends" in the comitee who are working with you?
Dont want to offend you but if you could answer my questions then probably yeh I would be interested too.
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You do not hand over the money to me. I will not handle anybodys cash. Each investor handles his own cash. The motive is to get like minded members together under one umbrella and get good prices in the bargain.
It's obvious that not all members would be investing in all the projects together. The participants in that particular investment will decide how to handle the transcation. It's not rocket science and it can be worked out within yourselves.
The intention is not only to form a syndicate but also to have interactive sessions, invite guest speakers, help the investors who are starting. Nobody can be an expert in real estate. When you move with like minded investors you learn. There are people specilaized in each area. When they talk, we all listen and learn in the process.
I have meetings lined up with people on Monday & Wednesday evening. If you are in Dubai and genuinely interested, pls let me know. I will pm my mobile number when you are ready.
The strategy explained in form of a case study.
Case study : Commercial space to be launched.
Database of 400 emailed informing of the launch.
Each floor is of 10,000 sq ft.
Investor A interested in 2500 sq ft.
Investor B interested in 2500 sq ft.
Investor C interested in 2500 sq ft.
Investor D interested in 2500 sq ft.
The above totals 10,000 sq ft. All the above 4 investors will be individual investments and not joint. BUT, when approaching the developer the 4 investors pose as one investor and negotiate the best price for the full floor.
Conclusion : Each investor gets his own individual investment at a prelaunch or discounted price.
Nobody will handover money to anybody. Each one will handover money directly to the developer.
Regards
Roshan