What about it doesn't "scale up well" and why is this a concern?
I've been thinking about creating a tech platform to facilitate coinvestment. I have a brother who lives in Houston and we often talk about buying a rental property together, I'd like a way to track that.
Just the mechanical process of processing the payments and doing accounting for shared stuff like this can be a real pain. But I think it's a really good thing when neighbors get together and buy stuff like local buildings; rental real estate ownership (especially commercial) has been seen as something only the rich do for a long time in US, and I have no idea why that's the case.
I'm under the impression that one of the primary challenges with coinvesting is valuating time or effort spent on the investment, especially in the case of real estate where one person might act as the landlord and/or perform repairs. At least, this seems harder compared to the effort of maintaining an excel spreadsheet with the appropriate divisions of cost and revenue.
I've been thinking about creating a tech platform to facilitate coinvestment. I have a brother who lives in Houston and we often talk about buying a rental property together, I'd like a way to track that.
Just the mechanical process of processing the payments and doing accounting for shared stuff like this can be a real pain. But I think it's a really good thing when neighbors get together and buy stuff like local buildings; rental real estate ownership (especially commercial) has been seen as something only the rich do for a long time in US, and I have no idea why that's the case.