Tim Riley replied to the topic Getting started with a creative idea in the forum Creative Investing 12 years, 9 months ago
Hi,
I’m in a small property syndicate with 4 friends and have helped a number of groups set up their own property syndicates.
Like Scratch says, investing in a syndicate will help you get in quicker, but you need to be careful to make sure that the members of your syndicate share the same goals so you manage your social risk. There are…[Read more]
Tim Riley replied to the topic Mortgage broker in Melbourne recommendation required in the forum Help Needed! 13 years, 6 months ago
Hi,
I wouldn’t go past Michelle Coleman. Michelle runs her own practice called Buzz Finance. She is based in Melbourne and you can contact her on [email protected] or 0423 974 543.
I’ve been using Michelle since 2006. She is an active investor, she knows her stuff and goes the extra mile. She’s never not been able to deliver for me.
Tim Riley replied to the topic how do I set up a joint venture partnership in the forum Finance 13 years, 6 months ago
Hi Jo,
Some great advise for you. CSRA and Kent are spot on with the points they make about what to look out for and what you need to think through.
You particularly need to be careful around how you structure your joint venture from a finance perspective. Like CSRA says, be very careful with your structure because you don’t want to not be able…[Read more]
Tim Riley replied to the topic Feedback on Bill Zheng’s latest workshops? in the forum Heads Up! 13 years, 6 months ago
Hi Greg,
Thanks for taking the time to respond. That certainly is a departure from Bill’s past seminars…
Tim Riley replied to the topic Is there a directory that list all small business property developers? Please help. in the forum Help Needed! 13 years, 7 months ago
Hi Olivia,
I’m happy to fill out your survey. I’ve done a couple of developments.
Tim Riley replied to the topic Joint Ventures/Money Partners – Advice in the forum Finance 13 years, 7 months ago
Hi Mark,
Apart from putting it out to your personal network and beyond (Facebook?) I think websites, forums and maybe ads in property specific media (i.e. YIP mag or API or domain etc) might be your best bet. However I suspect that print advertising would be a very expensive and possibly fruitless exercise.
Personal networks and recommendations…[Read more]
Tim Riley replied to the topic How to start a syndicate in the forum Help Needed! 13 years, 9 months ago
Hi All, This is clearly a very old thread. But for what its worth I thought I would add my comments. I've set up my own syndicate and helped a number of people set up similar syndicates over the last few years. The structure I've used is a Syndicate Participation Agreement which as far as I'm concerned is a much better structure for multiple…[Read more]
Tim Riley replied to the topic Joint Venture/Money Partners in the forum Finance 13 years, 9 months ago
Hi Geoff, I agree with Paul & Karen when they say "start small, be very reputable and people will notice what you're doing." I've been involved in three different joint ventures. Two of them I'm still involved in, a 4 townhouse development and a long term buy/hold/renovate/sell syndicate with 3 properties in it. All the projects have worked out to…[Read more]
Tim Riley replied to the topic Tax help in the forum Hi Harj,
Sounds like you’ve 13 years, 9 months agoHi Harj,
Sounds like you’ve got a good project on the go. Nice work.
I believe obtaining finance for hybrid trusts at the moment is quite difficult. You may not need a hybrid trust though.
I’ve done a few developments and have used a joint venture agreement whereby the purchasing entity is a company that you and your partner would control.…[Read more]
Tim Riley replied to the topic Wanting to run some things by you :) in the forum General Property 13 years, 9 months ago
Hi,
I agree with Linar. If it is a factory your should definitely check out whether there are any contamination issues with the site.
With respect to your questions about whether there is any difference between a joint venture or a syndicate. Personally I don’t think there is. The terms are interchangeable.
The only difference I can think of is…[Read more]