Who is in??

What amount of money are you thinking about for each person to kick in?
Amy Haggerty

Amy, it all depends on the number of individuals involved. It could be zero. Let's see how many individuals would love to be involved and then we can take it from their. I think this would be a once in a lifetime opportunity!! Nothing gets done or achieved unless one is proactive and with many MINDS come unlimited RESULTS!!
Raymond

this myself and i'm sure many others have too. it poses alot of questions though. how to set it up. who runs things. the team for running day to day operations.
the biggest thing that concerns me is egos. i know we all say let's help eachother and we want to do that, but some people are going to do most of the work because they're better organized and they may feel the brunt of the work.
i just don't know how to be fair to everyone.
let's not forget too that everyones' idea of success and wealth is different.
my two cents worth, for what it's worth. a grand idea, i just don't know how we'd put all the pieces together to satisfy eveyone.
keep moving forward, rob

Hi I might be interested if it can be done in a fair and honest way, Jim

Before moving forward we would all meet in person and get to know each other and what each person can contribute. For example, the corporation would have many departments and having weekly meetings to discuss the goals and what we need to get done to get to where we want to be. For example, the company would have a marketing department, buyers department, sellers department, wholesale department, etc... Once we all meet and discuss each persons strength or weakness then that is how the department are made. I think its a GREAT opportunity and for those that are not team players or just can not share or willing to help then they would not be included. This would be a corporation where everyone is equal but we are using every ones strength to build a solid foundation. Its just like building a house from the ground up, first you need to find the lot and then comes the blueprint. This corporation would be started just like that. The first step is like finding a lot to build your home. In this case, the lot would be finding the team players or individuals that want to be part of something.
Raymond

Think about this, lets say 25 individuals want to be involved. With that amount of individuals you can build a company with each person maybe contributing $1,000. With that $1,000 X 25= $25,000. Now you buy a property and fix it. You turn around and flip that property and make a minimum of $10,000. Now you have one property to manage and $35,000 to buy another property. You do this multiple times and with a very short time span every member of the corporation can make over $5,000 or $10,000 per month. This is possible!!! I am very serious about this!! WE CAN DO THIS, WE CAN MAKE THIS WORK, WE NEED COMMITTED INDIVIDUALS!!! Let's start people, the time is now!!!
Raymond

For those individuals that are interested, please PM me your email and contact phone number so that I can give you an update every 5days regarding the number of people interested and how we can all meet.
Raymond

Like Keith said if you can get all the paper work laid out and all then it should work great.

Hi Raymond, and all,

Of course it is a great idea, and of course it is plausible and has quite unlimited potential.

It's all planning and logistics. AND KEY PEOPLE. No egos, or emotion, just business.

Here is one [broad] scenario I can see:
- the "founders" would have to spend the necessary time (pro bono) to outline and plan the business. Ideally, the "founders" include at least one of each:
a) a MANAGER (the person(s) who makes things happen, and keeps the responsible individuals accountable, and tracks the progress),
b) a TECHNICIAN (the person(s) who execute the tasks and are accountable,
c) a VISIONARY (the person(s) who outline, plan, lead the brainstorms and have the overview or global view

Lacking any one of these 3 positions would not be smart. (Speaking from experience as a small manufacturer for 30 years with too many technicians, and me trying to manage, but having to produce as well, when I should have been only the visionary. Credit for the optimum 3 keys of Mgr, Tech and Visionary goes to Michael Gerber (the E-Myth series).

- the "founders" set-forth in developing the optimum entity type, a brand, and create the SOLID SUCCESS PLAN.

- the "founders" promote to fill any available "positions" in
operations, admin, and the Board to others (DG Family). If not all positions can be filled "in-house", outsiders would be recruited and brought into DG.

- with a SOLID SUCCESS PLAN in place, the "founders + the marketing team" present and promote the investment opportunity to others (DG Family). And, of course we recruit, as well.

- with the PLAN, KEY POSITIONS, "STAFFING" POSITIONS, and CHARTER INVESTORS in place (lined-up), the "founders + the marketing team" promote shareholders / ownership opportunities.

- at this point, in my opinion, DG Enterprises needs to be given an opportunity to be affiliated, should Dean choose to be. And certainly, DG Enterprises must be given the opportunity to OPT OUT and the "we" would need to include any/all disclaimers accordingly

- The TEAM, the SDGS REI Corp (Successful DG Students REI Corp) wraps it all up and sets in place the entity, the brand, and starts up.

- operational logistics move forward

How's that?

-Tina

It can be done, think about the potential? Tax sale, foreclosure, buyers, sellers, property management, rent to own, etc... I know individuals that are looking for turn-key investments because they don't trust the stock market and having money in a CD is a fool's game. With the right crew and motivation the income potential is unlimited. I know of two companies that are selling a minimum of 4 houses a month with an average profit on each property of $25,000. They are only involved in their own town and have a crew of less than 11 individuals. Now think about this, if we can get 25 or 50 individuals and work together and not let our egos or ability to not help others their is NO reason why with 6 months we can not be doing 10 homes a month a making over $6,500 per month. It will work, POSITIVE THINKING and POSITIVE SURROUNDING!!!
Let's do it!!!
Raymond

I didn't lay down all the specifics but if I can get at least 10 or 15 individuals we can meet and discuss it further and I GUARANTEE that we can make it work

keep us informed!

Les

sounds plausible, but for a moment, let me be the devil's advocate...

how would this 'corporation' be formed? with a LLC? who would be the managing members?
if a member decides to withdraw, how would that affect the corporation? if there so happens to be negative cash flow at any instance, how would that issue be resolved?
if a member would like to 'cash' his profit instead of re-investing, how would that take place without affecting the rest of the members?

don't get me wrong, I think partnerships are great, but when there're many members, there's always room for misunderstandings, thoughts of unfairness, and, dare I say, 'greed'?

... interesting idea though...

Paperwork! One will never know all the if's but with the proper clause in place everything can have a solution. In business as in life nothing is easy.
Raymond

Well anybody wonders why Dean did not come up with something like this? Also I think the tax laws for every state may be difficult to say the least and the implications may become more than the group could master. But more info needed, I guess to see a regional group may be a better Idea at this time and might be more attractive to more members in the DG family.

Nunzio

Anything in life is possible! It's how the company is established and how motivated the members of the company are. How do you suppose REIT that are worldwide operate? Never give up or question on what one can do. The MIND is a powerful tool!!
Raymond

Agree that anything is possbile, and almost asked the same question long ago. However, as mentioned it brings up many potential problematic questions. It seems that instead people often partner up on here, and that seems a more viable way to begin. I figure it would already be happening, but as you say anything is possible. There is a lot to iron out and the more people involved the more potential for disagreements and disharmony. Unfortunately it is just a fact of human nature even it you or I think that we are very agreeable and easy to get along, you may align with others who at first are agreeable, but then you land in hot water.

Just throwing these out there for what its worth...

- Make it so anybody that joins has to agree that their money can not be withdrawn in the first year to reduce churn.

- Instead of everybody earning a salary (which would probably require a seat on the board anyways) issue shares of stock. The stock will be based on the assets and use a monthly dividend to dish out the cash flow, similar to a REIT.

- All or most shares could be voting shares so share holders can vote on investment direction and property acquisition.

- Have the person or people doing the paperwork sit on the board so they can draw a salary.

- Consider using a Master Limited Partnership (MLP) it combines features of different business entities and is favorable for a situation like this. Going this route would require a quarterly distribution instead of a monthly dividend.

I'm sure we'll see more ideas as this thread continues.

All logical ideas Mark, and the MLP sounds like the right idea. Much like a Family Limited Partnership but for tiered or multiple companies.

Anyway, it sounds like you're all thinking in the right directions. The basic outline and foundation is the most feasible way to begin, right?

Mark & Tina, thank you for the informative idea. With enough individuals and if we all come together it is plausible.
Thank you
Raymond

Hey Raymond,
Keep me posted on the developments on this. We spoke at length last week, and since I live relatively close to you, I would be interested in this.
Amy
PS, let me know how I can help to get the ball rolling.

Amy, I have your personal information and I will keep you posted.
Thank you
Raymond

done is that it violates Federal Securities Law. Unless you are willing to fill out the paperwork and adhere to the regulations (including no soliciting). We have been doing combined funds for years but there are limitations in regards to who can join, how much money, pooling of money issues, interstate transactions.... the list goes on. This has been discussed many times on this website but most people don't realize the obstacles you must legally overcome. We do this for our client investors but there are standards that must be met. The SEC is not too lenient on the process either although there is new legislation in process to loosen up those rules sometime this year. Be careful and be forewarned that this is not a game for amateurs.

Hey Raymond,
Only thing that would keep me up at night would be, there is always a bad apple in every basket. When a bunch of people gets together, there is always one that
everyone wants to do away with for one reason or another. People in large numbers just don't get along, there is always strife in the crowd. I really wish people could get along but it just will not work. I wish people in masses could get along, this world would be a way better place.

Feel the Love,
Denver

Denver, Amen
Raymond