Arnold
CibbuanoCo-Buy Safety Advice
September 15th 2006 00:29
As I said yesterday, Co-buyWithMe is a great opportunity for financial success or to fall victim to a financial scam. In general, the internet has proven to be a medium where scammers feel most at home with conning people out of their money. Once you have made a financial commitment, no matter who is in the wrong or the right, it is always very difficult to get back what you’ve forked over. For these reasons I suggest that anyone who uses Co-BuyWithMe tread with caution and exercise skepticism until you are 110% sure of your decision. If a deal sounds too good to be true, it probably is.
All the rules for online dating apply to the Co-Buying scheme. Do not give out your personal details until you are comfortable with whoever it is that you’ve met. Remember you are advertising yourself on a website that is promoting the fact that you have some spare cash to invest. For anyone who is in the world or scamming, a community like Co-BuyWithMe is a goldmine. If you think someone isn’t being honest or your instincts tell you something is wrong, walk away from the situation. It is far better to stay safe and miss a potential investment return for the sake of your own peace of mind. There are always more users who will make suitable co-buyers so take your time in scouting someone who fits with your strategies and goals.
The other important thing to consider with co-buying property with a stranger is taking your time. A scammer will usually try to pressure you into a quick buy. They may try some “get in quick and nab a bargain” tactics. Again be level headed. In the long term, trying to time the market really doesn’t yield any significant effects on the outcome of your investment return. It is far better to loose a few thousand and really weigh up your options and situation rather than jumping into an unsuitable or viable commitment. If you feel bullied look for a new co-buyer. It is most likely that they’ll continue these bully tactics for the duration of the investment. As property investing tends to be a long term commitment, surely being roped to such a character would not be the most pleasant experience.
When you feel comfortable with a potential co-buyer it is important to sketch up a plan for investing in property. Make sure you are both fully in agreement with any decisions that are made and ensure that any contracts that are legally binding ensure that both parties have to sanction any changes or actions during the duration of the investment. I would highly recommend you both visit a legal representative and property expert together to ensure you both understand the terms of any real estate purchase you will embark on together.
Finally, when it comes to co-buying it is good practice to recognize that friends are friends and business partners are business partners and the two should not be intermingled. There’s not need to be hostile with a co-buyer however, the business partner mentality should always be the driving mechanism behind any decisions you make. You may make concession for a friend but when your finances are at stake I think you are treading a very dangerous line by becoming to buddy buddy with a shared property investor.
All the rules for online dating apply to the Co-Buying scheme. Do not give out your personal details until you are comfortable with whoever it is that you’ve met. Remember you are advertising yourself on a website that is promoting the fact that you have some spare cash to invest. For anyone who is in the world or scamming, a community like Co-BuyWithMe is a goldmine. If you think someone isn’t being honest or your instincts tell you something is wrong, walk away from the situation. It is far better to stay safe and miss a potential investment return for the sake of your own peace of mind. There are always more users who will make suitable co-buyers so take your time in scouting someone who fits with your strategies and goals.
The other important thing to consider with co-buying property with a stranger is taking your time. A scammer will usually try to pressure you into a quick buy. They may try some “get in quick and nab a bargain” tactics. Again be level headed. In the long term, trying to time the market really doesn’t yield any significant effects on the outcome of your investment return. It is far better to loose a few thousand and really weigh up your options and situation rather than jumping into an unsuitable or viable commitment. If you feel bullied look for a new co-buyer. It is most likely that they’ll continue these bully tactics for the duration of the investment. As property investing tends to be a long term commitment, surely being roped to such a character would not be the most pleasant experience.
When you feel comfortable with a potential co-buyer it is important to sketch up a plan for investing in property. Make sure you are both fully in agreement with any decisions that are made and ensure that any contracts that are legally binding ensure that both parties have to sanction any changes or actions during the duration of the investment. I would highly recommend you both visit a legal representative and property expert together to ensure you both understand the terms of any real estate purchase you will embark on together.
Finally, when it comes to co-buying it is good practice to recognize that friends are friends and business partners are business partners and the two should not be intermingled. There’s not need to be hostile with a co-buyer however, the business partner mentality should always be the driving mechanism behind any decisions you make. You may make concession for a friend but when your finances are at stake I think you are treading a very dangerous line by becoming to buddy buddy with a shared property investor.
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