Hi all,
I'm looking for help or for a Mentor to help me to set up a property syndicate.
Then main points I wanted to know is about legal structure, for instance how many partners
can join the syndicate.
and if I do most of the work in buying and looking after the properties
how can I charge for my services.
Any Ideas most welcome
Cyberman
I have extensive knowledge about properties Buying, Selling and Renovating..as I have worked as a Real Estate agent for 10 years and have worked in property Renovations for about 5 years.
However I'm in need of help in the Legal and Accounting side of this new venture.cyberman
Sounds like you need a lawyer first. Many issues to consider
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
Terryw wrote:Sounds like you need a lawyer first. Many issues to considerAgreed, first point of call if you are clear on the 'why' and are just working on the 'how'
lets say if I get together with say 5 friends with the view to buy Investment properties…should I still set up a syndicate through a solicitor or should we just purchase properties as Tenants in common?
cyberman wrote:lets say if I get together with say 5 friends with the view to buy Investment properties…should I still set up a syndicate through a solicitor or should we just purchase properties as Tenants in common?It would be a very good idea to get some advice first.
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
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