Some pointers on how to how to set the level of reward you and your investors take from a property joint venture deal.
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In this episode:0:34 - The first factor is supply and demand 0:57 - The second is your comfort factor 1:12 - If this were my first deal
PiB subscriber Andrew emailed in to ask:
“I have had an idea [...] to get 3-4 people together to invest each putting in 5k and the getting a mortgage for the rest. [...] Do you think I should be going into this deal as equals to the others or should I be taking a slightly higher percentage ? I also used to be a plasterer tiler and can turn my hand to plumbing (electrical engineer now) so I will be doing any work needed.”
This is the million dollar question when going into a joint venture with people. The answer boils down to two factors:
I hope this helps Andrew -- let me know if you have any more questions.
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