A joint venture/co-ownership/equity sharing partnership is ideal for individuals who don't feel knowledgeable or who lack expertise in the field of real estate. Partnering allows us to pool our expertise and knowledge with individual investors utilizing the synergy of the team.
Co-ownership enables you to leverage our expertise and experience to move you forward in with your real estate investing. Why wait until you feel confident enough and knowledgeable enough to purchase your next investment property?
You'll lose valuable time in the market place where your investment could have been earning a monthly income/positive cash flow and other time-equity appreciation.
Your role is to provide the down payment and closing costs for the property... We take care of the rest.
Preparing for the Joint Venture
Initial Contact
Down payment, closing costs and mortgage qualification.
In a JV Partnership, the only upfront costs are the down payment and minor closing costs. All the work is done for you by your JV partner-the real estate specialists and their team. Each month we are reimbursed a maximum of 20% of the cash flow for management fees. No additional payment is taken until the property is sold, increases in value and a profit is made.
Co-ownership enables you to leverage our expertise and experience to move you forward in with your real estate investing. Why wait until you feel confident enough and knowledgeable enough to purchase your next investment property?
You'll lose valuable time in the market place where your investment could have been earning a monthly income/positive cash flow and other time-equity appreciation.
Your role is to provide the down payment and closing costs for the property... We take care of the rest.
- The equity appreciation is split after the initial investment is paid back to you
- All profits and costs are split as per the agreement
- You are on title to the property
- Joint Venture Partner agreement secures our interests
Preparing for the Joint Venture
Initial Contact
- Complete questionnaire
- Present investor package - evaluate client needs
- Expression of interest or intent signed by investor
- Explain Joint Venture Agreement/Co-Ownership (including legal)
- Customize JV agreement or USA (Unanimous Shareholders Agreement)
- Provide investor financial information to specified mortgage broker
- Filter property, due diligence, systems and techniques
- Introduce investor to particular investment and explain ROI
- Agree upon investment term
- Sign Joint Venture Agreement or Unanimous Shareholders Agreement
- Add properties to the agreement
- Select final properties and estimate renovations
- Verbal agreement to proceed with purchase is agreed between parties
- Write offer on property
- Negotiate terms of offer through realtor
- Vendor accepts offer
- Mortgage financing applied for during condition removal period
- Professional services inspect and appraise the property
- Property management company brought onboard
- Organize property insurance
- Accounting mechanism implemented for JVA or newly formed corporation
- Set up bank accounts for JVA or corporation
- Possession of property
- Complete renovations to appropriate standards for quality tenant base and resale at term end
- Property management firm completes tenant search and screening process
- Tenant moves into quality home
- Mortgage payments begin and equity continues to rise
- Send pictures and property pro-forma to JV partner
- Monthly or quarterly expense sent to JV partner if requested
- Annual or semi-annual investment status report sent out
- Accountant prepares annual statement for JV or corporation for both parties
- Refinance during term and process to reinvest is enacted
- Additional properties purchased
- Sale of properties
- Initial investment provided back to investor
- All proceeds split and sent out
- Joint venture or corporation dissolved
Down payment, closing costs and mortgage qualification.
In a JV Partnership, the only upfront costs are the down payment and minor closing costs. All the work is done for you by your JV partner-the real estate specialists and their team. Each month we are reimbursed a maximum of 20% of the cash flow for management fees. No additional payment is taken until the property is sold, increases in value and a profit is made.
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