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  • Profile photo of cybermancyberman
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    @cyberman
    Join Date: 2004
    Post Count: 14

    lets say if I get together with say 5 friends with the view to buy Investment properties…should I still set up a syndicate through a solicitor  or should we just purchase properties as Tenants in common?

    Profile photo of cybermancyberman
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    @cyberman
    Join Date: 2004
    Post Count: 14

    I have extensive knowledge about properties Buying, Selling and Renovating..as I have worked as a Real Estate agent for 10 years and have worked in property Renovations for about 5 years.
    However I'm in need of help in the Legal and Accounting side of this new venture.

    cyberman

    Profile photo of cybermancyberman
    Member
    @cyberman
    Join Date: 2004
    Post Count: 14

    Hi,  I live in the Eltham, Montmorency area for the last 30 years.  After living in a lot of areas all around Melbourne
    in my younger days I can say living in Eltham, Montmorency was the best decision I have made. The area is semi
    hilly with lots of trees and lots of fresh air, some great shopping centers are just a few kilometers apart. Many good
    schools are available and also train and buses are within easy reach. Good rental Income is assured and Property
    values are very stable and always on the increase.  My vote is for Eltham, Montmorency

    Cheers,

    Profile photo of cybermancyberman
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    @cyberman
    Join Date: 2004
    Post Count: 14

    ok guys  let me re-phrase the question… is there a chance that I could get an Interest only loan  lower than 7%

    Profile photo of cybermancyberman
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    @cyberman
    Join Date: 2004
    Post Count: 14

    another question would be what type and size of unit to build?

    for rental purposes I guess single storey 2 bedrooms might be
    the most ecconomical to get the best return on Investment.

    btw The property is located in Montmorency Melbourne

    Profile photo of cybermancyberman
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    @cyberman
    Join Date: 2004
    Post Count: 14

    what are GR values?

    Profile photo of cybermancyberman
    Member
    @cyberman
    Join Date: 2004
    Post Count: 14

    Hi, I’m in Victoria

    I was hoping that I might attract a private Investor who would invest
    their money into my property rather then a bank that would even pay them lower interest.

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