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Buying property together...

Posted: Wed Oct 06, 2021 7:23 pm
by MrOsborne
I am dying to get away from society. I can't stand the materialism, the superficiality, the soullessness, and the competition... I'm tired of feeling like I'm contributing to something evil and destructive, because the guilt is seriously killing me and not in a nice way.

I have some money saved up and would like to buy remote property in Northern Ontario, build my own abode, and try to eventually be fully self-sufficient and environmentally sound.

I've been looking at some and they all seem to have their own issues... there is one up north I am interested in, but for some reason they only seem to be selling huge packages of land. So even though it's cheap, I still can't afford it on my own and to be honest, I wouldn't even know what to do with that much land. I was hoping to be able to find 4 or 5 likeminded people who would be into that kind of thing.

Has anyone ever done this before? How did you do it? How did it turn out? Would it be bad form/a bad idea to just post a request on an online forum? In this case, there would be more than enough land for everyone... and hopefully we could just buy it together, split it up immediately, and then go on our ways.

If I knew more people, I would ask them... but I'm seriously considering going to strangers. Though I know that could be setting myself up for a disaster.

Re: Buying property together...

Posted: Wed Oct 06, 2021 8:25 pm
by Keyleteka
It's your choice, man.

Re: Buying property together...

Posted: Wed Oct 06, 2021 8:26 pm
by iusepina
Being an investor, I have never heard of SIC. Maybe I don't know about it because there are lawyers and real estate agents in my team, and if there is any profitable project, we will discuss it immediately. I pay them an amount that depends on the correct investment, so whoever works for me always gets well. And at the same time, I also get good money because the projects are most successful. In short, everyone is OK. However, my team and I have a question about buying real estate in other countries. I was just motivated by an article from this site playlouder.com to purchase real estate in another country, but to be honest, I don't want to take risks.