How do you find partners in buying a IP? 50/50 share

Discussion in 'Investment Strategy' started by Darlinghurst Boy, 28th Jul, 2015.

Join Australia's most dynamic and respected property investment community
Tags:
Page 2 of 2
  1. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

    Joined:
    18th Jun, 2015
    Posts:
    41,943
    Location:
    Australia wide
    This will depend on the value of the real property owned by the trustee and the state the property is in.
     
    Terry_w, 29th Jul, 2015
    #21
  2. 158

    158 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    1,275
    Location:
    Brisbane, Qld
    That's getting into a syndicate. Perhaps even more complex.


    pinkboy
     
    158, 29th Jul, 2015
    #22
  3. The Y-man

    The Y-man Moderator Staff Member

    Joined:
    18th Jun, 2015
    Posts:
    13,505
    Location:
    Melbourne
    As Pinkboy said above, the best form might be a syndicate (or even an unlisted REIT?).

    I did have money in a syndicate that bought a block of apartments to reno and resell - went bad.... :oops:

    There is a definite overhead in terms of compliance, management, taxes, etc. These days, the only similar ventures my money is going into would be single building unlisted prop trusts.

    The Y-man
     
    The Y-man, 29th Jul, 2015
    #23
    hobo likes this.
  4. citystar

    citystar Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    177
    Location:
    QLD
    I have been approached by a few friends to do joint venture in purchasing investment properties and small development projects however I avoid it due to the following popular saying, "keep it simple stupid." Happy to share my advice and tricks of the trade with them for free...
     
    citystar, 29th Jul, 2015
    #24
  5. The Y-man

    The Y-man Moderator Staff Member

    Joined:
    18th Jun, 2015
    Posts:
    13,505
    Location:
    Melbourne
    DB, is it for finance reasons?

    Might be much easier to set up a loan with the "someone" - offer interest 1%~5% over current loan rates depending on what you are offering up as security.

    If they were game enough to go into buying the actual property with you, then surely a loan is less risky for them?

    The Y-man
     
    The Y-man, 29th Jul, 2015
    #25
Page 2 of 2