[PODCAST] Successful Developer’s Inside Secrets to Joint Ventures
When people first start to look for investment properties they often find themselves saying they can’t find any deals… their feasos never work out… They can’t find anything…
From experience, it’s just in their heads… Once you get your head straight you’ll start finding deals all over the place.
But that brings its own issues…
There will come a point when all your investment money is tied up in projects…
…And those projects may be some time before they are complete and you can pull your money out again…
But the great deals keep showing up!
So what are your choices?
Let them go?
Let someone else know about them?
Or you do a joint venture…
That’s exactly what this podcast is about… My good friend Helena (a very experienced investor and developer)…
…She and I discuss her secrets to creating an awesomely profitable joint venture.
In this podcast we cover:
How to choose the perfect site (even in a flat market)
Why days on the market is not necessarily the metric you want… (actually, it’s a twist on this that you need)
Why focusing on the right niche is critically important
How to assess if there is a demand for your niche
The strategies that are working right now – some are less profit but can be completed much faster (and are quicker to get your money, and profit back)
How you need to be structured to be joint venture ready (for when the right deal comes along)
How to adjust the profit split depending on investment and work done.
How to attract JV partners and what you need to be able to offer/show to get them on board.
What you need in place to be able to jump on a deal when it comes up…
And much, much more…
There’s a lot to this one… but get these things right and you can have amazing deals making you money, even when you’ve got no more money to invest.
