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Thanks for sharing your thoughts, Richard.
Astute investors definitely examine a deal before even considering moving ahead with it. However too many inexperienced investors get their fingers burnt because they don’t crunch the numbers. Some don’t even do a proper due diligence on the developers. I’ve heard of people throwing money at developers that keep promoting project after project without showing any positive results. These are the kind of investors that need protection, and that’s one of the problems I’m hoping to solve.
How do you make sure that the developers and projects you invest in are going to give you the returns you want?
Thanks for your thoughts macc.
I’ve also spoken to a very experienced developer and he says pretty much the same thing. I suppose I’d be careful too if I didn’t know about investing in any kind of investment vehicle. The thing is, wasting time educating them isn’t effective use of a developer’s time. As you say, looking for people that already do property is the way to go, but even then, you have to try to convince them that their money is safe. That’s why raising funds is so time-consuming.
Appreciate your feedback and the warning to be careful with someone that might try to steal the deal.
