Question about JV
- Thread starter feetup
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- Oct 24, 2007
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You can ask for 2x the value of the property if you like... it all comes down to what your potential partner will agree to!
Many REIN members push for a small `management fee` up front, or a small fund for renovations/repairs or vacancy. Just make sure you are up front with your investor and that you are being completely transparent with them if there is money going into your pocket or sitting in a contingency fund. Missing out on a deal is much better than getting into one and having a partner feel cheated later on... that is a great way to make your lawyer rich!
QUOTE (luckey3 @ Apr 7 2009, 09:26 AM) If i have 10% into a property and i am marketing it to a JV can i ask for no more then the 10% of an investment on that particular home.
Many REIN members push for a small `management fee` up front, or a small fund for renovations/repairs or vacancy. Just make sure you are up front with your investor and that you are being completely transparent with them if there is money going into your pocket or sitting in a contingency fund. Missing out on a deal is much better than getting into one and having a partner feel cheated later on... that is a great way to make your lawyer rich!
QUOTE (luckey3 @ Apr 7 2009, 09:26 AM) If i have 10% into a property and i am marketing it to a JV can i ask for no more then the 10% of an investment on that particular home.
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- Jan 9, 2008
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- 196
QUOTE (luckey3 @ Apr 7 2009, 09:26 AM) If i have 10% into a property and i am marketing it to a JV can i ask for no more then the 10% of an investment on that particular home.
Always put yourself in the other person`s shoes looking at the deal. If it looks good, then you have a winner, if it is something you would not go for, see what changes you can make to make it look more attractive! Always create a win win!
Always put yourself in the other person`s shoes looking at the deal. If it looks good, then you have a winner, if it is something you would not go for, see what changes you can make to make it look more attractive! Always create a win win!