Articles by Salesh Chand.
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 found Matthew Gilligan’s Property 101 and Tax Structures 101 to be superb books for the following reasons: 1. They contain a wealth of information about property investing and related tax matters; 2. The commentary is very rounded and balanced; 3. They are filled with financially savvy practical tips and red flag warnings; and 4. The relatively informal style, use of short case studies and anecdotes to illustrate points, and the clarity of presentation make the books very reader friendly. The above combine to make two books that are educational, thought provoking and inspiring. I only wish I had access to this information much earlier. - Geoff W - April 2016
Gilligan Rowe and Associates is a chartered accounting firm specialising in property, asset planning, legal structures, taxation and compliance.
We help new, small and medium property investors become long-term successful investors through our education programmes and property portfolio planning advice. With our deep knowledge and experience, we have assisted hundreds of clients build wealth through property investment.
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