By teaming up with other individuals, couples or groups you can not only dramatically enhance the options available to you, but sometimes it can even open up exciting opportunities that you couldn’t have dreamt of going it alone.

For example, as an individual with £250,000 you could perhaps buy a large field or a two-bedroom house with a small garden. That’s fine if it all you want, but if your ideal target is a farmhouse with 10 acres in the countryside costing £500,000 then it’s never going to happen…

… well, not unless you join forces and collaborate. Do that and anything is a possibility. In this case, joining forces with another investor with £250,000 could give both of you a share in something that neither party couldn’t possibly afford alone.

Advantages

The advantages are obvious; namely the potential of giving you access to better land/properties/areas that you could never get on your own.

Other advantages include potential benefits of collaboration on projects as well as mutual support. You can also benefit from each other’s different skills. For example, if you know plants inside out while your co-investors are retrofit experts then you can reach joint goals more quickly.

Potential disadvantages | Group sizes | Who’s in charge? | Contributions | Donating land/property