Have you ever thought about partnering or doing a joint venture with others to buy a property?... In today’s episode, I’ll be giving an overview of the primary methods to establish a joint venture, the advantages and disadvantages of doing so, how to assess your readiness, what to look for in a joint venture partner, and how to achieve the desired result.
I’ll take you through my experiences with various joint ventures that I’ve done and how I made them work as well as some of the mistakes and learnings I had along the way.
It’s going to be a really interesting discussion, so let’s go inside!
Resource Links:
- Join the Perth Property Investment Facebook Group (https://www.facebook.com/groups/perthpropertyinvestors)
- Join Jarrad Mahon’s Property Investor Update (https://www.investorsedge.com.au/join)
- 1 on 1 strategy session with Jarrad Mahon (https://www.investorsedge.com.au/strategy)
- For more info on our award-winning and highly rated Property Management services that give you guaranteed peace of mind (https://www.investorsedge.com.au/perth-property-management-specialists/)
- For more info on how our Property Sales services can ensure you get the best selling price while handling all the stress for you (https://www.investorsedge.com.au/selling-your-perth-property/)
- Get Jarrad’s strategic advice towards your property purchase and development plans (https://www.investorsedge.com.au/invest-in-perth-property/)
Episode Highlights:
- Introduction [0:00]
- How Jarrad Started with Joint Ventures [01:03]
- Getting Legal and Accounting Advice [09:21]
- The Process of Renovation [11:23]
- Jarrad's Other Joint Venture Projects [14:12]
- When to Consider Joint Venturing [15:22]
- The Downsides of Joint Venturing [20:34]
- Final Thoughts [24:21]
- Outro [25:03]
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