Originally posted by Domainut
OK next time a big one drops, all us low financed reseller, we pool our assets, and get a big one, then turn around and sell it the next day on ebay with a starting price of our NW bid
Good idea!
Yet a great deal of trust is involved and risk.
The holder of the funds, could "take the $ and run"
OR
The bidder could bid high and get the name, sell it on a 3 day auction on ebay ($100 featured auction i think)
and when sold, all invested money goes to the bidder and the price it sold for would be then (after bidder is reinbursed) be distributed according to the members investment.
The CC bill would come in a month
and the bidder would (hopefully) be able to pay the CC bill on time!