In this episode, we discuss how to form your own property buying syndicate based on a question that was sent in by a listener of the show. We discuss that if you don't have enough equity to purchase property, whether because of the lvr restrictions or otherwise, then forming your own syndicate may be for you.
The top risks for property syndication are:
- You are jointly and sever-ably liable for the mortgage that you take on. This means that if your property-buying parter skips the country then you are liable for their portion of the loan
- Needing for an aligned exit plan so you can all get your money out at the end of it.
