Joint ventures (JVs) in real estate is one way to participate in large real estate transactions. It has many benefits, including shared resources, additional capital, shared risks and expenses, and added credibility. JVs are commonly done by investors who think they cannot take on a deal by themselves. That’s when they find partners who can help them achieve their goals.
In participating in a JV, finding the right partner is key, but it is not enough. You also have to be the right partner for the investors you’ve found. Richard Fowler has learned how to do JVs the right way by knowing when to pursue them and when to try other options to raise capital such as syndications. He also learned about the importance of educating yourself in the real estate space.
[00:01 - 03:03] Opening Segment
[03:04 - 08:07] Large Multifamily Deals
[08:08 - 13:44] Joint Venture or Syndication?
[13:45 - 18:00] Added Credibility
[18:01 - 23:28] Closing Segment
Tweetable Quotes:
“If you don’t have an experienced person on your team, it’s gonna be really difficult to raise capital.” - Jerome Myers
“If you don’t have a deal, it’s gonna be hard to find somebody with experience who’s interested in partnering with you.” - Jerome Myers
Resources Mentioned:
Connect with Richard by emailing topteam4solutions@gmail.com. You can also reach out to him on LinkedIn.
Learn more about Myers Methods of Multifamily Investing: http://bit.ly/37u6oK3
Register for Myers Methods Multifamily Investing Course: https://bit.ly/37iozkB
Learn more about the Mid-Atlantic Multifamily Conference: https://bit.ly/2V7SlCC