Dear Members,
Myself and my partner have just arrived from overseas and are now as we speak going into a joint venture. We have just made our first offer using a low doc loan and feel very confident that we can make something of it. A quick reno in an area that is still growing. This is our first so have every confidence that there will be many more.
Dian Edmondson
Hi Dian,
Congratulations on your ‘start’ and may you hang around and add vale to conversations here.
Finally may all your renovations turn to ‘gold’
Derek
[email protected]Property investment advice and researched property in quality locations available.
Good luck, keep us upto date on how you go.
Always enjoy hearing about success
Byronent
Adelaide SAGood onya!
That is how I got started. I bought 6 investment properties that way. I leveraged off of my business partner who has been in the game for a long time and has had a lot of experience.
I was working full time when I started 3 years ago and for the life of me I could not find a descent deal in 12 months that I searched ! I found my partner through someone on one of the forums and he had deals but needed someone to finance them.
The best thing about a joint venture is that the risk can be greatly reduced as we split the profit AND the loses 50/50 so that is my insurance (of course all due dilligence is being done on every deal we enter in to!)
Regards
Simon
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