Would you be interested in investing?

I would like your advice.

I would like to start the UK largest property syndicate. Say for example have a syndicate of 1 million people. For us to buy a property all we had to do was to invest 1 pound each and we could by something for 1 million. Where you win in this investment is that you have no bank interest to pay. Also the fact that there are many of us who cant get together a 拢million.

Example

If you have a loan for 1 million over a 15 year period on and interest rate of 6.8% you will pay back arround 1.57 million. so this way you save nearly 拢600,000.

Also because you have no payments to make the rent is pure profit.

The challenging part in this syndicate is getting 1 million people together.

What I would like to know is would you join such a syndicate?

And can you think of any potential problems?

This should get some debates started.

How do i bring trust into the idea?

Hummmm lets see...Monthly rent split one million ways.....
Taxes 10,000.00 month
insurance 10,000.00 month
accountants 10,000.00 month
postage for one million checks each month 370,000.00 month
legal fees 10,000.00 month
misc debit 225,000.00
Should have a net of accounts receivable of around 250,000.00
gross back to me for my investment 0.25 cents per month...
I'll pass

Not a chance....

The problem is that you could make a million pounds by this quite easily if people believe you, & they probably won't believe you because it could be a scam. Even though it's only a pound of their money, they won't want you to get rich like that. I'm not saying that you're lying, but that's what a lot of people will probably believe.

best bet... find ONE investor willing to let you use their money for a set amount of time with a set % return for them.
(Borrow more than you need)
Less hands in the cookie jar.

The more individuals that are involved with your scheme, the more the operating costs are and the lower the amount available for investment, and the lower return.

Postage and printing for for the application forms, the contracts for each limited partner, legal fees . notary fees, accounting and costs with annual mailings of financial statements.

Maybe you have a chance with one stupid investor with one million pounds, but the problems with a million investors at 0ne pound each, make the project a non flyer

Just to let you know what you have just invented is a collective investment scheme, and in the UK to promote or offer a collective invesmtent scheme is regulated by the Financial Services Authority (FSA), you have to be regulated to offer an investment scheme to offer shares in an investment without being regulated is a criminal offence punishable by fine or imprisionment......so id say think again before going much further with this idea!