With all the foreclosure homes in the real estate market, why not allow poor people to share % ownership in purchases of multiple real estate nationwide foreclosed homes?
So like suppose 1 house is on the market for $500,000 and 5,000 poor people each invest $100 each, then all 5,000 people share ownership of the $500,000 house.
Then if the house appreciates to 3 million dollars, and the majority of the investors agree to sell the house, then a total profit of 2.5 Million is made, and that becomes $500 profit per poor person.
And you can do this with more shareholders and more homes and develop many many many real estate homes purchased with shares ownership for the purpose of turning a real estate profit.
Other things that would be factored in: The owners would each have to pay a small negligable share of property tax and homeowners insurance for their own share of ownership.
And lastly, each owner would be liable up to $10,000 towards all other investors in the event that home owner wrecked the home and the homeowners policy failed to accept the claim for damage.
Also I would establish a second corporation whereby each individual owner would be free to invest an additional sum of money for protection against negligable damages to the house not covered by the homeowners policy, and then my second corporation would reimburse its insured investors by an amount of 100 times the premium.
This is because the damaged individual will not be liable beyond 10,000 for destroying a home. This will create more comfort in the homeowners not being fearful to live in the homes they have invested in.
Also of course any investor who deliberately damages any home he/she owns as a percentage, will be subject to $10,000 liability towards other shareholders PLUS forego his/her investment and be permanently banned from any further participation in the corporation.
So like suppose 1 house is on the market for $500,000 and 5,000 poor people each invest $100 each, then all 5,000 people share ownership of the $500,000 house.
Then if the house appreciates to 3 million dollars, and the majority of the investors agree to sell the house, then a total profit of 2.5 Million is made, and that becomes $500 profit per poor person.
And you can do this with more shareholders and more homes and develop many many many real estate homes purchased with shares ownership for the purpose of turning a real estate profit.
Other things that would be factored in: The owners would each have to pay a small negligable share of property tax and homeowners insurance for their own share of ownership.
And lastly, each owner would be liable up to $10,000 towards all other investors in the event that home owner wrecked the home and the homeowners policy failed to accept the claim for damage.
Also I would establish a second corporation whereby each individual owner would be free to invest an additional sum of money for protection against negligable damages to the house not covered by the homeowners policy, and then my second corporation would reimburse its insured investors by an amount of 100 times the premium.
This is because the damaged individual will not be liable beyond 10,000 for destroying a home. This will create more comfort in the homeowners not being fearful to live in the homes they have invested in.
Also of course any investor who deliberately damages any home he/she owns as a percentage, will be subject to $10,000 liability towards other shareholders PLUS forego his/her investment and be permanently banned from any further participation in the corporation.