hey,
i am new at investing and having just bought my 1st property 8 months ago, i have had few friends who are also thinking of investing but don't have the initial deposit to get a loanas most of us are still students with part time work behind us, however while we were talking it came up about investing as a group. what would the pro's and con's be for it? and would it be better for us to create a trust, company or have it on all over names at the same time?
thanks in advance and hope to get some help on this topic.
loan* damn i have horrible spellings.
Its very hard to coordinate a group of people.
Many things to consider with one of the major ones being liability – if one stops paying the others will need to chip in or all go down together.
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
Hi It is a great idea and I do it al the time with both Property development in Australia and buying larger properties in the United States. Sure there ae issues but if it is set up well then it works. Generally the returns and profit are higher with larger deals. In property development there is a lot more profit in a 6 million dollar deal than a small two unit development. When it comes to the United States it makes a lot more sense buying a large apartment complex rather than a cheap one off house.
Nigel Kibel | Property Know How
http://propertyknowhow.com.au
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