Property Investment Companies
- Thread starter eternit
- Start date
I think (??) you need to issue a prospectus if you are going to be seeking investor money.
LOL
From a lending perspective you can lend in a company name if all the directors give guarantees, which might make this set up a bit cumbersom with more than 5 or 6 investors.
Obviously without lending the ROI for the property investment company might not look that crash hot, so its usually property syndicates that do this sort of thing. A company is formed for each property purchase, naming those investors in each property as directors/members of the syndicate.
From a lending perspective you can lend in a company name if all the directors give guarantees, which might make this set up a bit cumbersom with more than 5 or 6 investors.
Obviously without lending the ROI for the property investment company might not look that crash hot, so its usually property syndicates that do this sort of thing. A company is formed for each property purchase, naming those investors in each property as directors/members of the syndicate.
Article from API Magazine on DIY property syndicates:
http://www.apimagazine.com.au/api-online/web-specials/2010/diy-syndicates
http://www.apimagazine.com.au/api-online/web-specials/2010/diy-syndicates
