If you want to invest in property, but you don’t have enough funds, what can you do? Are you simply locked out of the market?
Some of the most successful property investors started off with very little – they didn’t have significant savings, huge salaries, or rich parents. So how did they get going?
They teamed up with family or friends to get a foot on the property ladder. This is called syndicate investing and can be a great way to get started (and also to continue investing if you run out of borrowing power). And it’s an effective way to spread your risk.
For example, I began by teaming up with some mates in 2010. We each contributed about $60k and we now have a property portfolio worth over $60 million. True story.
But you do need to know what you are doing, and you need set things up correctly at the outset so everyone involved benefits.
To that end, I recently held a webinar on syndicate investing during which my co-presenters and I explained how we invested with others to start and grow our property portfolios. We also talked about how to set up a syndicate and the traps to avoid.
You can watch the recording of the webinar below.
If you’d like help from GRA with the topics discussed in this video, please contact us via our website, or phone us on +64 9 522 7955.
I would like to express my sincere thanks to yourself and the team at GRA / Cornwall Trustees for the services you recently provided to my Trust. You were both professional and expedient in organising for Skeates Law and yourselves to execute the conveyancing of my property into the Trust to allow the title to reflect the correct Trustee names at LINZ and on the local council rating system in time for my advertising the sale of this property. I am sure that you have a team supporting you that allows you to make quick decisions and for these decisions to be executed with accuracy and pace that provided such an excellent service to my Trust. This also reminds me of an old L.V Martin television advert where their motto was "it’s the putting right that counts" and you certainly did do this in my case. In return you have a very satisfied client who wishes to convey their appreciation of their experience. Kind regards - Pravin
Investing in residential property?
If you're investing in residential property, seeking to maximise your ability to succeed and minimise risk, then this is a 'must read'.
Matthew Gilligan provides a fresh look at residential property investment from an experienced investor’s viewpoint. Written in easy to understand language and including many case studies, Matthew explains the ins and outs of successful property investment.