Faust! I need more time! People are interested, but it is going to take about 3 months to put this partnership together. The landlady needs my offer in her hands by the 30th. I wonder if I could turn to the internet? Is it legal to sell "shares" of a piece of real estate?
I could set up some PayPal buttons, with the following return on investment levels after 5 years:
$20 earns $25
$100 earns at least $125, up to $135
$200 earns at least $250, up to $300
$500 earns at least $625, up to $775
$1000 earns at least $1250, up to $1575
$2000 earns at least $2500, up to $3300
I'd be able to guarantee the minimum levels, because they add up to the equity I'd have built in 5 years. The higher values would index off of appreciation of the property, up to 10% at the highest level.
All levels, guaranteed at 4.5% return. With appreciation, bigger risk takers share a bigger piece; a $100 payment maxes at 6%, a $1000 at 9%, and $2000 at 10%.
Dare I try?
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