At some point in your property investing career, you are going to find many deals that are just out of your league.
You’ll be able to see how it’s a good deal.
You’ll be able to see the potential profit…
…but it will just be too big for you based on where you are in that minute.
That’s when partnerships come into play.
Joint Venture deals happen all the time from individuals to major corporations to countries.
They come together to do deals and share in the profits.
Partnerships may be the way you can reap the rewards from deals that you otherwise wouldn’t be able to do.
Deals like this happen all the time – usually behind the scenes.
But here’s the thing.
You can’t rely on goodwill – you can’t rely on “everyone doing what you discussed in the first place.”
What will happen if it doesn’t work?
If you lose money?
What if someone dies midway through the deal?
There’s a formula for creating a proper joint venture agreement – anyone can do it… at least to the point where you hand it over to the lawyers.
In this podcast we discuss:
–> Why it’s so important to have this document in place and what can happen if you don’t.
–> The formula for creating a heads of agreement – the non-technical version that anyone can do.
–> Why both your lawyer AND your accountant should have a copy of this document – this could save you a heap of tax.
–> How this agreement works in the legal structures you should have in place for asset protection.
–> How this document can not only manage your risk to your partner but also to 3rd parties like lenders.
–> The touchstone effect of a property JV agreement which can help you succeed and go again.
–> How to stay on track with your timelines and exit strategies.
–> …and much, much more
At some point you are going to come across a deal that’s too big for where you are… but that doesn’t mean you can’t do it.
It doesn’t mean you can’t take advantage of the potential profit that you can see in the deal…
You just need to listen to this podcast to find out how to do it safely with a joint Venture Partner