Oddbean new post about login | logout I've been working on that here in Aus for years, trying to get my brother and friends involved. Finally one of my friends is now looking real hard and making offers on land. I'm now not in the best position to jump in, but the idea is going. Hopefully it'll be a little freedom reserve.
There is plenty of planning to be done, which you can invest in. One of the realizations I had with the group I was in was that "we're building a town". What are the town rules? How will disputes be resolved? What happens when someone wants to leave/cash-out? Not to mention planning of infrastructure, how will the land pay for itself, etc.
There is certainly a lot to deal with and agree on. I'm lucky that most of what my friend and I want are the same. Pity I'm not in a position to join him if he buys right now.
Sweat equity.
You reckon he'll sign me up for some indentured servitude? He'd probably like that.
The great thing about liberty, is that you are both free to make an agreement. If servitude is what you're looking for, then go for it. Otherwise, make a sensible offer to see if he's willing to be sensible. If not, you've dodged a bullet before it was loaded.
Would be possibly willing to invest in that.
Herding cats, cobber! Feel for you, been there, epic fail but didn't lose money so I guess okay. Have a written contract and an exit clause in the contract no matter what. Which state you guys in?
SA