Partnerships and Syndicates

Viewing 4 posts - 1 through 4 (of 4 total)

wannabe rich
Member
@wannabe-rich
Join Date: 2004
Post Count: 6
January 9, 2005 - 4:33 am
Does anyone have any experience, good or bad, relating to forming a partnership or syndicate for buying IP’s?
C.K.
byronent_2
Participant
@byronent_2
Join Date: 2004
Post Count: 337
January 9, 2005 - 4:38 am
All I can say is it is usually a long term relationship so choose yoru partners carefully.
Byronent
Adelaide SA
Mortgage Hunter
Participant
@mortgage-hunter
Join Date: 2003
Post Count: 3,781
January 9, 2005 - 4:58 am
I would suggest that you do this only if the synergy is substantial.
In general partnerships end up introducing additional problems.
All the best,
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985
Fully Accredited With Derivex PTY LTD and IFHL PTY LTD
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Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Terryw
Participant
@terryw
Join Date: 2001
Post Count: 16,213
January 10, 2005 - 5:51 am
I have seen a few people get all reved up and form syndicates with their friends. off the top of my head, can’t say I’ve seen anyone do more than 1 property. It seems the enthusiasm gradually dies off in one or more members and one person ends up doing all the work and then gets fed up.
Terryw
Discover Home Loans
Mortgage Broker
North Sydney
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