- Good overview on how to group buy
- Options
- Everyone gets on the loan
- One person on the loan
- LLC with perosonal guarantor
- Refinance later
- Each person finances
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This was so good! The whole thing is worth reading.
- Individual: A single person makes the decision with no input. This could be the “leader” or a self-appointed individual. We’ll talk about who this person is in the next section.
- Individual with input: A single person hears other people out, but still makes the decision themselves.
- Sub-group: A portion of the group makes the decision, e.g. “Fred and Suzie, you two decide”
- Sub-group with input: Same as above except they also solicit input from rest of the group.
- Majority: Here’s the ole democracy we know and sometimes love. Put it to a vote. Majority decides.
- Consensus: Everyone votes. No one is opposed to the decision
- Alignment: Everyone votes. Everyone is in complete affirmative agreement with the decision (note: stronger than simply not opposing)
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