A Joint Venture (JV) consist of two types of investors: Active Investors (Tridium) & Passive Investors (You)
Active Investorsprovide none of the funding, they deal with operational aspects, finding & creating opportunities (deals)
Finding a good realtor in each area of focus
Finds & analyzes properties (usually involves searching through 50+ properties to find a potential), meeting with wholesalers, trying to find off-market deals, exclusive deals or scouring MLS
Proposes a strategy for the property (Flipping, Multi family conversion, BRRR (Buy, Renovate, Refinance, Rent), Joint Venture)
Due-diligence on the property
Market analysis with Realtor
Summits offers, negotiation tactics
Organizes & sources the sub contractors
Coordinating the contractors &/or trades (resolve any issues that arise during construction)
Ensuring the project stays on budget and on time
Passive Investors provide all of the funding for the active investor.
Investors name is on the title
Funding the acquisition & renovations of the property
Enjoy the passive income
This partnership is a learning opportunity that will save you time & money while getting you closer to making money in Real Estate. The biggest mistake people make is thinking they can do it all on their own. "Learning as you go" can be a very costly and unnecessary time consuming method.
When a passive investor is paired with time and talent (active investor), tremendous value and profits can be achieved. Joint ventures are one of the best ways for both parties involved to benefit in the end. Every JV will be structured slightly different pending on you and your partners agreed upon terms. These deals allow for a passive and an active partner to join forces.