A Property Syndicate allows you to pool your resources with financial partners to expand your property investment options.
Syndicates suit investors who have limited budgets and prefer long term growth, rather than flipping properties and also allows investors, to get into the market sooner than if they were saving for a deposit on their own.
Property Syndicates are an increasingly popular and affordable way people can develop their property portfolio, across numerous types of investments, gaining access to compounding growth through multiple property and stock investments.
Here are some things to consider before joining or starting a property syndicate:
- Decide on the structure of your property syndicate and consider your long term goals.
- Consider restricting the size of your property syndicate to reduce complications
- If you start a large fund, you may need a Financial Services licence
- Invest with like minded people
- Diversify your investments and monopolise on different locations
- Ensure that you have regular meetings with fellow investors and develop strong lines of communications
- Decide on the structure of the syndicate, will it be a partnership, a private company, unit trust, joint tenancy, tenancy in common or discretionary trust?
- Establish objectives and timelines and asset classes.
- Engage a solicitor with experience in syndicates who can assist you if someone wants to leave or if future partners want to join.
Are you sick of handing over income from your investments directly to a Property Manager? Use RealRenta instead and get your rental income paid directly into your Bank Account. See how easy it is!
Try RealRenta now for Free for up to 2 months and you will NEVER pay a Property Manager again:https://app.realrenta.com/Signup.aspx