Is investing with friends really a good idea?
While the majority of Australian investors would run away from investing with their friends, LightYear Docs CEO and director of Naked Accounting, Michael Jeffriess, jumped at the opportunity to create a portfolio through long-lasting friendships.
In this episode of The Smart Property Investment Show, co-hosts Liam Garman and Emilie Lauer sit down with Michael Jeffriess, an accountant, financial adviser and property investor who has made investing in properties his priority.
Throughout the podcast, Michael shares how he built his portfolio through SMSF leverage, investing with his friend, and land subdivision.
While Michael has been adventurous in building his portfolio, he underscores the necessity of surrounding oneself with knowledgeable advisers, protecting one’s investment through proper documentation and agreements, and the importance of succession planning.
Towards the end of the episode, the trio also discuss tips and tricks that can be given to new investors, including to OnlyFans content creators.
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