NSW Private Investment Agreement

[Barrenjoey2023]

I'm looking to buy a residential property but am short of the deposit.

The property has a separate dwelling which can be used as an Airbnb.

I want to offer a private investment opportunity, whereby the investor gets %X of the property by way of equity, and %X of ongoing Airbnb revenue.

After an fixed time period (such as 3 years) the investor has the right to sell their stake back to us at present market value - or keep their money in until we sell the property.

We need a robust agreement to protect both parties - does anyone know any legal services provider that can help?

 

[Rod]

Any property lawyer should be able to draw up an agreement.

Keep in mind you'll likely have to 'sweeten the deal' to convince the investor the risk is worth it - after all AirBnB income is not guaranteed income.

Expect to pay from $2k-$5k for a simple agreement.

Suggest you use a local property lawyer.

 

[Agberia]

I once had similar challenge, when wanting to sell off my property in Adelaide, and i used the services of a professional lawyer on fiverr. He provided a well detailed and legally focused agreement for me, which made my transaction smooth and swift with my then Client. Try him out, i bet you will love it.