There is something extremely satisfying about finding JV partners who have the same outlook and money.
✨Greater investment fund – bigger deals with greater rewards.
✨Opens up different target areas as increased buying power.
✨Shared vision and goals with a clear agreed objective.
✨Collaboration – working together is more enjoyable and more rewarding.
✨Problem solving together – it is true a problem shared is a problem halved.
✨Different skill sets enable to optimum output for the project.
✨Multiple sets of real work experiences.
✨Effective allocation of tasks to skilled individuals creating an efficient use of time for all.
✨Build assets into your portfolio rather than just a fixed return on loan funds.
There is no doubt many people in property are looking for investors – WHY – because they don’t have any of their own money.
Top training companies deliver the mantra invest with “OPM – other people’s money” and without doubt this is a win for those who want to be hands off and get a return, not necessarily adopt any of the risk of a JV, or the rewards.
However, what makes working with a JV partner who has equitable funds to you so rewarding is they really do have the success of the project at heart.
“An equilibrium of status”
Bringing money into a deal also gives the option to take away the rising costs of finance (and in turn greater profit), now all of that depends on the numbers and size of the deal, but what it creates is a clear set of parameters – this is our funding pot , and this is what we want to do with it.
Working together , bringing time , different skills , experience , funds and a shared vision creates a strong goal to overcome issues as a collective. Making joined up decisions for the good of the project and each other.
If you have never considered a JV maybe now is the time to?