A Real Estate Investing Idea
You all know that one of my goals with the new blog is to expand the focus outside of simply business credit and add more information on personal credit and making money with credit. I have explored the option of forex trading and spoke briefly about creating a forex fund or offering managed accounts so that you guys will have access to these alternative investments.
A few years ago, I was considering starting a real estate syndicate. Basically this is where a group of people will invest money in order to invest in real estate. I was speaking to one of my mentors today and telling him that I think now is a great time to do so. I have been giving advice to a client of mine on which real estate markets are relatively stable and accessible when I realized that this is a great time to reconsider starting the real estate syndicate. Although it is very possible to purchase real estate with business credit, forming a syndicate will allow for a smaller initial investment by each individual which will spread the risk among the individuals. In speaking, we were considering a minimum investment of $1000. We have seen a number of homes in the south miami area and houston area which seem to give a pretty good return on your money, when it comes to renting and with the bottoming of real estate prices, the potential for an increase in value is very likely.
I will like to get some feedback from you guys if you think this is a good idea and if you think it is something that will interest you.
Marc
June 22nd, 2010 at 2:37 am
I think that it is a great idea. I have been searching and searching for private lenders. I found that most hard money lender are excluding you because of credit which makes it so hard to get the ball rolling.
July 5th, 2010 at 5:38 am
I think an idea like that could work, I would need to hear more details about the structure. contact me so we can elaborate further on the details. mikell_al@yahoo.com