Hi everyone -
As some of you may know, I'm working on setting up a property finding company in order to build my equity up.
I've been able to dedicate some time to planning out my property finding company, and have got a great draught going now!
However after doing some reading on PropertyTalk, there seems to be a lot of confusion over whether being a property finder without being registered with the REANZ and using the deed of assignment is legal.
The impression I get is that it CAN be legal with the help of some clever property lawyers, but I'm not sure. Obviously what I need to do is seek good, competent legal advice .. however ...
While I believe anything is possible, I don't have the ability right now to sink thousands of dollars into legal advice, because as you know I am in a low equity position. I am trying to minimise my start up costs.
I am totally for using competent lawyers, accountants etc. , but I hope to keep these expenses in proportion with my companies' financial status.
I have also read some good and bad feedback on here regarding property finders. Now I am getting into this with the best intentions - and value my integrity over anything else.
What are some of the things you all value in a good property finder? And is there something you think could be better with them?
And also!
As I said in the beginning - I am trying to build my equity up as fast as I can. I believe in working smarter, not working harder and harder. If anyone has some clever alternatives to property finding to suggest - be my guest! I am willing to put the effort and the time in.
I need enough cash for a deposit or two - that will get me in the game.
I want to be ready to take advantage of the slump and recovery phase.
Thanks everyone.
As some of you may know, I'm working on setting up a property finding company in order to build my equity up.
I've been able to dedicate some time to planning out my property finding company, and have got a great draught going now!
However after doing some reading on PropertyTalk, there seems to be a lot of confusion over whether being a property finder without being registered with the REANZ and using the deed of assignment is legal.
The impression I get is that it CAN be legal with the help of some clever property lawyers, but I'm not sure. Obviously what I need to do is seek good, competent legal advice .. however ...
While I believe anything is possible, I don't have the ability right now to sink thousands of dollars into legal advice, because as you know I am in a low equity position. I am trying to minimise my start up costs.
I am totally for using competent lawyers, accountants etc. , but I hope to keep these expenses in proportion with my companies' financial status.
I have also read some good and bad feedback on here regarding property finders. Now I am getting into this with the best intentions - and value my integrity over anything else.
What are some of the things you all value in a good property finder? And is there something you think could be better with them?
And also!
As I said in the beginning - I am trying to build my equity up as fast as I can. I believe in working smarter, not working harder and harder. If anyone has some clever alternatives to property finding to suggest - be my guest! I am willing to put the effort and the time in.
I need enough cash for a deposit or two - that will get me in the game.
I want to be ready to take advantage of the slump and recovery phase.
Thanks everyone.
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