I cant remember all
but realtor.com.au
residex
and the ones others listed
many real estate agents have their own web pages, and do not advertise in all books….

I only had some experience 10 years ago with Mayfield, and it wasnt great then

Elves

you know what I have found
most people dont talk about their losses
like gamblers, they say, oh I just won $100! but they dont tell you what they lost before it.

and as Simon says: he may well know lots who have made money, I also know lots who have lost, but as I say they dont brag about that aspect..
cheers

Elves
cheers

60k?
lol then I will make you sick when I say my ex’s parents sold theirs for lewss than a third…
ouch!

I posted to another forum on this (well some parts anyway)
1) search the web for investment clubs
2) there are mags out there
3) there are books available (a few women did this on one of those current affairs programs so do a searhc on that.
4) ask your accountant
5) you need to decide, no one can do it for you.
6) structure is needed
7) protection is needed…
try google search

Elves

ditto ditto
equity in my books, too easy to be a paper millionaire (with debts), just about two properties where I am now.

I know people that have lost on properties having to sell for less than they paid, so yeah they lost.

any risk has pitfalls, and if you play this game, you have to be prepared for any loses

the figures I see still tell me shares hold the better return, must be looking at the wrong years! oh darn!

Elves

Hi

Termites are natural in many areas, there is never a guarantee that there is none in a house.

I guess it depends on the area and the price, and for you it seems you want it, so go ahead.

I pulled out of three properties with termites, but the reasons were not the termites per se it was:

1) the close proximity to the house of the trees (one metre) that were infected
2) the wood fence was completely infested in one place
the same place, they tried hiding the termite problem and had the trees ground out- not a good idea! treat first.
3) their termite treatment had never been done
4) they refused to negotiate the price and they refused to have the treatment done at their cost,

result: I refused to buy and bought elsewhere, a new place, large block and no problems, one street away.

The other place, they had bridged the building paths with concrete up to the house, so the necessary Pest Gap had been breached and was seen to be problematic.

I rented a place in bush where the landlord wanted the termite mound because she was an ecologist and said they were important, she had a completely wooden home

my tuppence worth

you should have undecided.

NO

I wanted to form a property syndicate with people I knew.

First steps in my books:

get the people
set ideas
work on a plan- goals (you might find you have differing agendas)
work on the details
sift out the drift wood
organise, task and research
Then take it further if you think you can make it work
a contract is a must- or legal set up

This is what I organised for the group that wanted to do this, but it never happened, as they were not serious, the tyre kicking variety….
so please feel free to add, but this was my basic starter:

Outline: Investment Clubs are a way to maximise property portfolios (or any other type of investment) for those that either don’t have the experience, or the funds, or the time etc. The group forms, decides on strategies and research, meets and makes to acquire properties. The idea is to be social and have some fun with like minded people.

Objectives: can be decided once the group is formed, but initially this will be property acquisition. I am looking at least 12 month commitment, so if you cannot devote to this then perhaps you should rethink?

What you need to do for the first meeting to save time

· Structure: research what structure the group would be best served under, eg company, partnership?
· Name: not as important at this time, but something to consider.
· Meeting dates and times- to suit the majority, give it some thought, rotate meetings, times etc.
· Membership: how many? I have done some preliminary searches, so I can discuss this, think about the number of people, the more we have the better resources we can use for eg research, activities, roles, responsibilities etc. However the more we have the more diversity the ideas are. Think too, the greater the numbers, the issues which can arise when trying to reach a decision. At this point I have invited 6 people, this may increase to 8 or 10, but for manageability it would be easier with less than 12 people. The aim is to keep smaller, and be more social with one another, to see positive results.

· Roles and Responsibilities eg, rotate? Set for periods, this will depend on the structure chosen, but flexibility might help spread the roles around.

I would be looking at a minimum commitment of 12 months, but we would all need to discuss this, along with deposit. We will need legal advice and tax advice to maximise the groups potential and make clear its intent. Please do your own research to satisfy initial needs and concerns, come prepared!

Please indicate if you are or are not interested in taking this further.