Sunday, February 23, 2014

Should I make property investments with family and friends?

It sounded like a great idea at the time, but....
 
Get Michael Yardney's take on the ups and downs for keeping it "in the family".  He covers the important questions such as:

  1. Is it worth it?
  2. Have you documented the plan?
  3. Do you really know them...financially?
  4. How will this team borrowing affect my financial future?
  5. Begin with the end in mind - how do we all get out?
  6. What's plan B?

Read the full article here:
http://blog.realestateview.com.au/2014/02/will-investing-property-loved-ones-stretch-friendship/
 
There are pros and cons so please make sure you do your homework, as you would any major financial commitment.
 
The last thing you want is to be left holding the baby...



ExpertView Blog courtesy of www.realestateview.com.au