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  • Profile photo of PropertyGutsPropertyGuts
    Participant
    @propertyguts
    Join Date: 2010
    Post Count: 57

    Hi KMC
    i have been buying property with my two brothers since 1989.
    First up was a partnership.Partnerships suck.
    Eg. If one partner wants out – this can create a trigger – from a minority owner – at a time that may not suit the other partners – so the whole thing can topple over, or force a refinance. Higher risk.
    Set up a pty ltd – much more stable, each shareholder is responsible for his own shares – for example a divorce – split the shares. Less risk.
    Brothers in a company – still going strong.

    Profile photo of PropertyGutsPropertyGuts
    Participant
    @propertyguts
    Join Date: 2010
    Post Count: 57

    Can anybody please suggest accommodation nearby?

Viewing 2 posts - 41 through 42 (of 42 total)