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  1. #1

    Smile How do I find Investors for double settlement/assignment strategies.

    I have decided to use double settlement/assignment deal strategies to get me started in property trading to build up an eventual deposit on a cashflow rental property, leading to more, building up my portfolio. Does anyone know how I can find potential Investors who may be interested in being part of these deals as the buyer? There is no NZPIF association here in my city, I am currently looking for investors here to get an association started. Im going to local Real Estate agents asking them about any Investors they may know. Is there any other ways I can find Investors to fulfill my trading strategies and maybe become part of starting an association here? Thankyou for any info you can give and for your time.

  2. #2
    Join Date
    May 2006
    Location
    Mordor
    Posts
    1,048

    Default

    Sooo.....you want to contract to buy a property and on-sell it at a profit for settlement on the same day? And you want to risk other people's money to do that??

    It is certainly possible but with no track record to comfort investors, its a hard ask. Best of luck.

  3. #3

    Smile Thanks for reply

    Hi Winston, thankyou for your reply. I appreaciate your advice and understand what you are saying. For me I am looking for a way to start, for a way to develope a track record. I have a passion for property investing so am willing to try anything and to learn. Do you have any suggestions. Thanks.

  4. #4
    Join Date
    Jun 2007
    Location
    Wellington
    Posts
    1,237

    Default

    You could try becoming a Real Estate agent, specialising in investment properties.

    That way you are licensed, so the issues around the legality of property finding will not affect you.


  5. #5

    Default

    Quote Originally Posted by Robin McCandless View Post
    You could try becoming a Real Estate agent, specialising in investment properties.

    That way you are licensed, so the issues around the legality of property finding will not affect you.
    That's correct right up to the point were you try to trade a property as an agent and get sued by the REAA for taking a margin on a property transaction.

    The REAA will see it as a hidden commission.

    The Vendor will go nuts because they paid you to get them the best price possible not the second best price.

    Your Agency sales manager will fire you for taking a fee/margin without their knowledge.

    Oh and no professional body with give you liability insurance.

    Apart from that......

  6. #6
    Join Date
    Jun 2007
    Location
    Wellington
    Posts
    1,237

    Default

    To clarify... what I meant was "just be a real estate agent and get paid a commission".

    Nothing hidden, nothing odd, no double settlement.


  7. #7

    Default

    Quote Originally Posted by Robin McCandless View Post
    To clarify... what I meant was "just be a real estate agent and get paid a commission".

    Nothing hidden, nothing odd, no double settlement.
    Gotcha.....my bad

  8. #8
    Join Date
    Jun 2007
    Location
    Wellington
    Posts
    1,237

    Default

    Quote Originally Posted by halfempty View Post
    Gotcha.....my bad
    I wasn't very clear in my first post.


  9. #9

    Default

    How about using your own money?

  10. #10

    Default

    Quote Originally Posted by smiles4eva View Post
    I have decided to use double settlement/assignment deal strategies to get me started in property trading to build up an eventual deposit on a cashflow rental property, leading to more, building up my portfolio. Does anyone know how I can find potential Investors who may be interested in being part of these deals as the buyer?
    Smiles,

    Keep smiling, however the questions I would ask include:

    1. where did you learn these strategies;
    2. what added value to the buyer do you believe you can add to their investment that they can't do themselves;
    3. how many properties have you bought and sold over the last 2 years.
    4. is this going to be a long term business for you, or a short term profit making scheme.


 

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