ofenback
Member
hey folks, just a quick question regarding the purchase of an older case 580k for our 30 acre hillside homestead.
I'm considering going in on this machine with my 2 neighbors. I know every situation is different and it all depends on specifics of chemistry and friendship etc but here's the basic scoop.
I've only got about 80% of the $$ needed for this purchase and I pitched it to my two neighbors and they're interested in kicking in a few thousand to be part owners. they've got some earthmoving projects around their properties but it will be used at my place for the lion's share of her duties, and I'm spending the lion share of the $$.
there's even a high probability that when they need something done, it will be me behind the wheel, but not 100%
they're both great folks, and incidentally they'r very wealthy. they're not going to miss the $2k or so they'l spend on this.
our plan is to use this bigger rig to get all the big projects out of the way and then sell/trade to get a smaller tlb (Kubota-ish) for upkeep and general maintenance around our properties. at that point we would share the profit or loss on the resale of the 580 and possibly kick in some extra $ for a newer smaller machine. and obviously I could buy them out at any point along the way if either of them want out, just hopefully not both at the same time....
does anyone have experience doing something like this?
horror stories? dumb idea?
**** show? or great way to build up the community, get some projects done and pool our resources to get the most value?
thanks!
I'm considering going in on this machine with my 2 neighbors. I know every situation is different and it all depends on specifics of chemistry and friendship etc but here's the basic scoop.
I've only got about 80% of the $$ needed for this purchase and I pitched it to my two neighbors and they're interested in kicking in a few thousand to be part owners. they've got some earthmoving projects around their properties but it will be used at my place for the lion's share of her duties, and I'm spending the lion share of the $$.
there's even a high probability that when they need something done, it will be me behind the wheel, but not 100%
they're both great folks, and incidentally they'r very wealthy. they're not going to miss the $2k or so they'l spend on this.
our plan is to use this bigger rig to get all the big projects out of the way and then sell/trade to get a smaller tlb (Kubota-ish) for upkeep and general maintenance around our properties. at that point we would share the profit or loss on the resale of the 580 and possibly kick in some extra $ for a newer smaller machine. and obviously I could buy them out at any point along the way if either of them want out, just hopefully not both at the same time....
does anyone have experience doing something like this?
horror stories? dumb idea?
**** show? or great way to build up the community, get some projects done and pool our resources to get the most value?
thanks!