In this video I’m answering part 2 of the question sent to me by my mentee Nigel…
I would like to find out a little more about a joint venture, preferably on a BRR approach than a straight loan. Roughly, how would this work:
a) find a deal and then find a JV to match the deal
b) find a JV partner and then find a deal together.
Trying to put the cart and the horse the right way round lol!
The other question I have is related to in a BRR model where we have a JV partner. Is the JV partner paid off when the house is refinanced and then he/she walks away or do they hold a stake and take a cut of the rental takings?
Hope you can help.
It sounds simple enough, but it could be very easy to fall foul of regulations around promoting financial schemes.
So please watch the video, but remember, this is NOT financial advice.
Here’s to Successful Property Investing.
(ex) Chartered Surveyor, author and property investor
PS. By the way, I’ve rewritten and updated my best-selling e-book, The Successful Property Investor’s Strategy Workshop, which is an account of how I put together my multi-property portfolio, starting from scratch and with no money of my own, and how you can do the same.
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