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ItalianevaR at 10:38 AM - 27/08/2009

LOOKING FOR A GIRL TO SHARE A 2 BEDROOMS APARTM. IN SYDNEY!... more

 

weewen at 3:44 PM - 21/05/2009

2 bedroom for rent Carlingford... more

 

haarvey at 11:38 PM - 20/11/2008

Melbourne suburbs... more

Small group investment "pod"...we need some advice! Help!


jaivilla's avatar

Posted by: jaivilla
Viewed: 1313
Date Posted: 26/02/2008 - 12:39 PM
Thread ID: 225754
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A small group of 5 friends want to start investing in property as an investment “pod” or group. We’re all beginners and we’re hoping that by investing together, we can all bounce ideas off each other, share the learning curve and minimise our risk (although we realise it also minimises the reward). In your opinion, as someone much more experienced and skilled in property investing, can you shed some light on the best way to do things? Specifically;

1. How should we set this up from a legal and financial standpoint? Are there loans where you can have this many people involved? How would we structure a company to do this?
2. Would we be better of focusing on capital growth over the long term or renovate and sell or rental market (and within that, positive or negative geared?)
3. We recognise some of the potential downfalls (disagreements and personality clashes, varying levels of risk aversion, liquidity of assets, dividing the dollars in the event that one or more want to pull out) and realise the need to have a concrete agreement and property selection criteria in place….any suggestions or points that we should be really careful with?

Any help or advice you could give would be a godsend! Thank you very much!








9 comment(s) on this listing


secret_agent posted at 18/03/2008 - 4:13 PM
secret_agent's avatar

Jaivilla, what will your group be trying to achieve?

With a larger pool of funds, you have a greater purchasing power than a seperate set of individuals. But it also allows for the fact that there will be needs for various members of the group to change their needs and requirements for the investment in the longer term (marriage, divorce, kids, death all change requirements).

This is why you need to allocate shares in the property group. So, people who want to leave .. well .. they can.

Its up to you .. and agreed .. you WILL have a greater ability to borrow as well as create higher returns. But you will need to work as a co-operative effort for most decisions.

As long as the partnerships work .. its ok. But allow for the possibility of things not being 100% friendly all the time.

Thats a group investment for you.




tech posted at 26/02/2008 - 5:22 PM
tech's avatar

Put everything on hold for the next 6-12 months.




secret_agent posted at 27/02/2008 - 2:39 PM
secret_agent's avatar

Investigate the options of a property trust structure for your investment strategies. Use share allocations for the amounts that way when it comes to dividends .. expenses and/or bills, the amounts can be divided nicely.
Also, never listen to someone who tells you the market is quiet or to wait a while. When one market in real estate is quiet, others are taking off.
[image:http://203.26.51.178/cracker/225911_1.jpg]




secret_agent posted at 27/02/2008 - 2:47 PM
secret_agent's avatar

Here is an insight into how some people should think with their heads instead of taking a grain of 'common' logic.
First, yes property is not an endless up and up travellator to the stars. Forget that. Its a real resource based and situational based investment. Yes, thats right .. the property market is .. A MARKET. You sell a house .. someone has to want it.
A simple analogy is this, after all the hype about people fleeing the market in Sydney (anything up to six months ago it was still the same rant) I went to investigate certain unnamed ares. It was possible at this time (six months ago) to purchase a 2br unit for $120,000 .. WOW .. and the rents had zoomed away to close to $160 per week. DOUBLE WOW. Now for your further interest the property in this area is now being appreciated for what it is .. those cheap 120k flats are now 180k pushing towards 200k and the investment i did 6 months ago isnt as possible.
There is always a market that is undervalued. Be the first to find it and you are a winner.
Oh yeh, check for what is now cheap on the Sydney market .. its been too down for too long.




tech posted at 27/02/2008 - 4:06 PM
tech's avatar

<<<Also, never listen to someone who tells you the market is quiet or to wait a while. When one market in real estate is quiet, others are taking off.>>>

KRAP! Smart money always buys when the action is quiet. Stop spruking garbage.....Plenty of buying opportunities soon.....




secret_agent posted at 18/03/2008 - 4:05 PM
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<<< KRAP! Smart money always buys when the action is quiet. Stop spruking garbage.....Plenty of buying opportunities soon..... >>>

Well, having been smart money for several decades now, and proving myself worth the salt, I respect your influential opinion of ABSOLUTE NONSENSE and decline to acknowledge it.

Again .. you have offered an insight i cannot respect. Smart money buys when there is VALUE in the purchase. And on an ever changing market of which there are several good areas to purchase in RIGHT AT THIS MOMENT IN TIME, there is always the possibility of making money with a good purchase.

So .. stop spruiking garbage about sitting back and waiting for the opportunity. Most fools who sit and operate in ONE market .. will deal with the singular opportunity. But they really do miss the good ones.

And only when the money runs out (which is RARE) does the market become truly quiet.




ABC TV Reporter posted at 10/07/2008 - 2:47 PM
ABC TV Reporter's avatar

I'm working on ABC television's new youth current affairs show The Hack Half Hour.
Hosted by Steve Cannane, The Hack Half Hour is a single-issue, 30 minute panel-style program which will air on Monday nights at 8.30pm EST on ABC2.
It aims to be a gritty, raw approach to current affairs using young people's experiences as the focal point. Our core audience are 15 -35 year olds.
I'm producing a show on the property market. The Great Australian Dream is to own your own home. But with prices so high and interest rates increasing this is not looking likely for a lot of people. I'm looking for the following types of people for the discussion because young people feel really torn about what they shoud do:

Someone who bought and lost
Someone who bought and won
Someone who chose to travel
Someone who chose to party
People who chose to rent instead
Someone who feels they missed the boat
Siblings or friends who have split the debt
Still living at home saving
Let me know if this is you or if you know someone who fits the bill.
Thank you !




jaivilla posted at 11/11/2008 - 3:53 PM
jaivilla's avatar

I& #39;m working on ABC television& #39;s new youth current affairs show The Hack Half Hour.
Hosted by Steve Cannane, The Hack Half Hour is a single-issue, 30 minute panel-style program which will air on Monday nights at 8.30pm EST on ABC2.
It aims to be a gritty, raw approach to current affairs using young people& #39;s experiences as the focal point. Our core audience are 15 -35 year olds.
I& #39;m producing a show on the property market. The Great Australian Dream is to own your own home. But with prices so high and interest rates increasing this is not looking likely for a lot of people. I& #39;m looking for the following types of people for the discussion because young people feel really torn about what they shoud do:

Someone who bought and lost
Someone who bought and won
Someone who chose to travel
Someone who chose to party
People who chose to rent instead
Someone who feels they missed the boat
Siblings or friends who have split the debt
Still living at home saving
Let me know if this is you or if you know someone who fits the bill.
Thank you !


I'm definitely someone who fits in the "chooses to rent" bucket. I am 26, run 3 online businesses and work full time and am far more interested in buying an investment property than a home. Far more.

I have structured my living arrangements via agreed ability to sub-lease rooms, so that I now live rent free and bill-free. I can focus on pouring my income into my businesses (and they're hungry businesses!)




terryketz posted at 23/04/2009 - 5:51 PM
terryketz's avatar

hi im a property investment consultant in melbourne and think that what ur doing is a sure way to make u profit...if ur stil interested let me know and ill try and help u





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