4 ms·

Thats a pretty interesting idea - I have participated in a real estate investment syndicate which was basically 4 guys I knew and trusted, plus myself - We pool

by sgoraya 18y ago

Thats a pretty interesting idea - I have participated in a real estate investment syndicate which was basically 4 guys I knew and trusted, plus myself - We pooled our money together and purchased 2 four-plexes - Its a great experience and has netted us a nice, although not huge, return - We sold one of the units and re-invested in raw land in the path of development. We're all under 30, so we figured we would invest in more speculative properties (raw land) and wait for the higher return. Anyhow, that was slightly off topic, but an investment syndicate with say $500k-$1 million would be interesting as a seed stage 'micro'fund - As mentioned in a previous comment, the cost of legally setting up this type of fund might be expensive with other legal implications as well. I would definitely be interested in something like this though! Everyone has got to start somewhere right? Just like my buddies in the RE investment, we started out small, but we are certainly making progress, have made a return and have property in our name.

kmt 18y ago
That's very similar to what I did with some friends. We are a group of 4, one of us is the active project manager. We are in our 4th project already and the current one is even more exciting and profitable than the others. 3rd and 4th projects were in Bulgaria though, we recognized the US bubble pretty early. I'd be really interested to participate in small scale tech investments as well. In a year or two I'd like to start something like that if it's not yet available. Again, it is my feeling that there are interesting opportunities in the countries with rapidly growing economies.
- ntoshev 18y ago
  The real estate here in Bulgaria may be a bubble too, although it hasn't bursted yet. Vacation properties' prices are already falling. Few people can afford to buy a place to live in Sofia. For those who can, quality is another problem. There are a lot of expectations connected with future better standard of living (result of entering EU) factored into the prices.
  - kmt 18y ago
    I completely agree with you, which is not surprising since I am Bulgarian myself as well and I follow the news on a daily basis. In our case we were lucky because we acquired properties early enough, so we have substantial equity already without even risking to develop anything. Anyway, I think we are deviating from the topic and from the geek world in general. But it was nice of you to comment so I couldn't resist! Feel free to contact me personally, BTW, it'd be a pleasure to get in touch with you and share experience.

by sgoraya 18y ago

kmt 18y ago

That's very similar to what I did with some friends. We are a group of 4, one of us is the active project manager. We are in our 4th project already and the current one is even more exciting and profitable than the others. 3rd and 4th projects were in Bulgaria though, we recognized the US bubble pretty early. I'd be really interested to participate in small scale tech investments as well. In a year or two I'd like to start something like that if it's not yet available. Again, it is my feeling that there are interesting opportunities in the countries with rapidly growing economies.

ntoshev 18y ago
The real estate here in Bulgaria may be a bubble too, although it hasn't bursted yet. Vacation properties' prices are already falling. Few people can afford to buy a place to live in Sofia. For those who can, quality is another problem. There are a lot of expectations connected with future better standard of living (result of entering EU) factored into the prices.
- kmt 18y ago
  I completely agree with you, which is not surprising since I am Bulgarian myself as well and I follow the news on a daily basis. In our case we were lucky because we acquired properties early enough, so we have substantial equity already without even risking to develop anything. Anyway, I think we are deviating from the topic and from the geek world in general. But it was nice of you to comment so I couldn't resist! Feel free to contact me personally, BTW, it'd be a pleasure to get in touch with you and share experience.