Sim Partnership?

I was just wondering if anyone would be even vaguely interested in something.. the idea is this:: (NOTE:: I'm not offering this, just asking..maybe offering at some point lol)

Partners are established, and each pays a % of the total Sim price, and are given 1/4 of the sim each (or however many there are, each would pay more the less there are though). The main investor (Thats me in this hypothetical) builds the sim, landscapes it, sets the parcels depending on partners' wants/needs (Within reason, decisions would have to be made about who would get which and such), builds what is requested by the partners, such as homes and such. (Though not required, partners can build whatever the hell they want, this is just so that there is another perk to this). A group is made for the partners and land owners (Of course), and partners can sell/rent to whoever they want. Anything is allowed on sim within your prim alotments, as long as it isn't griefing or detracting from overall sim attractiveness.

The Sim will be owned on paper by the main investor, but each partner will pay a % of the tier every month, as well as the initial cost.

Basically, it would be a sim that is built for the needs of the investors, who all want a sim of similar design, but can't singularly afford it.

It's a trust thing since a island(sim) may only have one purchaser and as such one owner.

I have a few others with full perms on my land but there's certain things only the true owner can do. Such as access to the Region/Estate Options

Yeah, most things in SL are about trust.. I don't mean like just find partners and buy it, I mean create a group, make friends, make sure everyoe is compatible, maybe share some of our current land over time to make sure we're trustworthy (Any deviation from trustworthiness= ban/kick, not full land rights of course...)

Almost nothing in SL is something its OK to rush into..this would be a few months thing

Not a bad plan, in theory, Okiphia. I'd say that the downside, though, is that those who can't afford the price of the island would also be less likely be to be good for the monthly tier share. It will usually take a while to get the sim paying for itself, so every party needs to be prepared to share tier in real US dollars before the sim turns a profit (if ever).

I've also found that people in SL are, well, flakey. One or all of your partners could back out on you in an instant, demand their money back, and stick you with the tier. And if you had the financial backup to handle that, you'd probably just be able to afford the island yourself. You can always be up front and say, "listen, no refunds at all, or until 0x/0x/09" or something, but do you really want to be that kind of a businessman?

This probably works a lot better if you can scramble up some RL buddies to do it. At least they're less likely to disappear on you.

Well for the flakeyness, could just make sure that tier is paid in advance for x number of months. Since the initial cost share is already paid once the sim exists, thats no worry. And no refunding would be a basic principle I'd assume makes sense in such a situation... and this would benefit those who can't afford a full sim, because maybe you can afford 1/3 or 1/4 sim in tier, but can't pay the full sim tier long enough to have it make some money to pay for itself. THe benefit is in that the sim is built to the partnerships' specifications, not just a generic land space that they have to then landscape. Main investor could even pay a bit more if needed, since it was their (My) idea in the first place. And if someone does flake out, with the money already paid to the group (Or tier or w/e), they wouldn't just be able to pull out... essentially the partners would have owner permissions, minus the ability to take money form the group or something, that being left to the main investor for security purposes.... again, its the trust thing there

Not true. I am an estate manager on a private sim and I have access to the Region/Estate options, and I'm not an owner. The owner is the only one who can GRANT region/estate options.

Okiphia, I'm interested, at least enough to talk about the idea with you.

The sort of thing I had in mind would be a little different, though. In addition to providing land for each of the partners to live on, much (half or more) of the sim (or sims) would be rented to tenants. I'd like to make enough to cover monthly tier, and possibly (eventually) pay for the initial cost.

What I had in mind would be more of a planned community development. Marina/commercial area, residential area, common area.

Since it would be a partnership, a partnership agreement should be drawn up, detailing the purpose of the partnership, members, roles and responsibilities, participation %, assessments, buyouts, dissolution, etc. etc.

Of course. I didnt wuite mean it was residential area for the partners, I meant it would be just that, whatever they wanted. Rentals, a mall, all brought together into a community, on a sim designed around this specific community...

Well... you said you're interested in at least discussing it, feel free to send me a PM if you want, and that offer stands for everyone... if anything is thought up that should be added to this thread, good ideas about how to manage it and such, I'll add it in.