1. Monetary Issue:
– Do Not Disclose your personal banking details in the Pooling Session.
– Do Not Lend money to any co-investor.
– Do Not Transfer any money to the co-investor. Before all co-investors confirm any deal, there is no reason for you to transfer money to any party.
If you have any doubt in transferring money requested by others in the Pooling session, please Private Message RICHCO-SPACE consultant / facilitator.
2. Share Distribution
There are no hard and fast rules in share distribution. It is all depending on overall negotiation.
RICHCO-SPACE’s share distribution template is only a kind of reference for the co-investors to consider.
3. Separate Submission of Mortgage Application
The submission of a mortgage application will be carried out in a different “Request” within the RICHCO-SPACE platform and it is
4. Failure of Pooling Session.
There are a few reasons that potentially make the Pooling session fail.
– The property bought by other investors.
– Unable to find the right co-investor.
– Unable to obtain enough mortgage.
– Unable to raise enough cash for downpayment, buyer stamp duty and fees.
The Host will call it a day and close the Pooling session.
