Seeking 4 People Interested in a Group Buy of Hunting/Recreational Land

[YOTESHOOTER]

Could be a bad moon on the horizon...

 

[adrianrog]

Only if you can afford the entire $750 yourself. That's like cosigning a loan for a bunch of people. No way I'd do it.

 

[FreezeDryGuy]

I'm not in the market, but I like the idea and applaud your initiative.

Setting up the corporation and dividing ownership of the corp. is one thing, but you should have a really detailed agreement /contract between all users as to issues like scheduling, capacity, guests, types of targets sllowed, unsafe practices, etc.

For sure, good points

 

[Horsehat]

For sure, good points

Ongoing cost shares such as taxes, insurance should be made clear. Conditions for sale should someone want out (first right of refusal to current owners), some upside here, lots of potential problems. Clearly setting forth rules and contingencies will keep down the road problems to a minimum.

 

[StuP]

I'm a fan of the idea, but I'd suggest members would provide sufficient capital to purchase outright, it sounds as though you anticipate financing through to corp.

 

[FreezeDryGuy]

I'm a fan of the idea, but I'd suggest members would provide sufficient capital to purchase outright, it sounds as though you anticipate financing through to corp.

That's probably the best idea.