The idea of combining resources and buying property with friends and family can be appealing.
It can be a way to get more exposure to real estate and diversification.
However there are many risks to consider though before taking the plunge.
These include what is long term financial goal of the syndicate; number of properties you Property Plan to accumulate; Property Strategy for each property purchase; timeline until exit; exit strategy; agreement if someone chooses to exit early; legal agreement and more……
Our partner in Property Education for over a decade and Chairman of Property Investment Professionals of Australia, Peter ‘the Property Professor’ Koulizos, provides insights on two of the most common ownership structures.
