Hello all,
There are some wonderful opportunities emerging in the market and I was wondering how many here have considering getting 15 people together with $100k each say from the super fund to invest in a decent project and pay cash for the land then rezone and resell.
D
D, there are restrictions on the number of people who can participate in a syndicate before you need to issue a prospectus. However, private syndicates can great investments for small investors where they pick up the right property. Best syndication properties tend to be in the Sub $5m market (allows for a good bit of gearing), competition is lessened as mum & dad investors find it too large and it is too small for listed or unlisted funds. Good buys tend to be small commercial buildings recently refurbished or those requiring refurbishment (however there needs to be a good skills base to ensure that costs don't blow out), other risks include the time that it takes to lease up the premises (to one or more tenants).
Towards the end of the syndicate the partners could consider renewing or undergoing a strata subdivision to release their capital gains.
You must be logged in to reply to this topic. If you don't have an account, you can register here.
