Cohousing-L Mailing List: Re:Money

[MartyR707 (MartyR707]

In a message dated 4/11/00 4:45:27 PM, Tonka444 [at] aol.com writes:

<< Just curious how other groups structure out their initial monetary 
payments 
before a site and before professionals. >>

We didn't collect any serious money until we really needed it (land option, 
etc.).  We only paid monthly dues ($10 or $20) to cover mtg expenses.  I 
think you will run into trouble if you try collecting the larger amounts 
before even having land.  Once there is a need for capital ( to buy land, 
etc.) you will really start seeing who is "in" and they will then provide the 
actual capital needed to pull it off.  Then you should keep very careful 
capital accounts - that can be reimbursed by a new "buyer" if someone drops 
out.  (Denise, our trusty bookkeeper may have more to say on this)

Marty Roberts
Two Acre Wood