|Real Estate Information|
Joint Ventures In Real Estate Development; So How Do They Work?
There are many reasons why you would consider joining with another person to undertake a development project in Joint Venture.
Usually the most basis reason reveolves around something you don't have.
Some of them may be:
1. I own land ... have capital & capacity to borrow ... but no experience.
2. I have capital & capacity to borrow ... partner has land ... both have no experience.
3. I am 'time poor' ... work full time and can't be personally involved ...
Let's suppose you want to find a land owner who will put their land
Let's consider the implications of entering into a JV in the first place.
After all, in a JV you have to take into account another persons attitude, decision making process, (or inability to make a decision), whether they have a logical and sensible mind ... the list goes on.
So, getting into a JV must have a good payback for you. Whatever you lack is usually the reason for entering into a JV.
I have noticed over the years that JV's have a prime motivator, the driver of the deal (you), and the other person is along for the ride.
Another example: maybe two individuals who have saved their capital, however individually it is inadaquate to undertake a project. Combining their capital and borrowing capacity will allow they to proceed.
I prefer a JV where both parties are equally motivated, have different skill bases, but each regards the other as contributing equally.
Don't forget why you got together in the first place.
So there are many reasons for JV's. However, you must be clear as to why you are doing it, and it must be secured by a legally prepared JV Agreement.
A lot of 'practical people' hate legal documents ... a JV Agreement is a legal document and both parties must understand what it says. If one of you is a bit slack on this point, it is up to the other to sit them down and go through it ... it's important!
Suppose the JV deal hits a rough patch and your partner says, "I didn't know that ... why didn't you tell me ... I left all that legal garbage to you ... blah, blah." Got It, have the arguments at the beginning of the deal ... not later.
A JV Agreement sets out what each party will contribute, both money and effort, and sets out each parties obligations. It also sets out what happens if the parties 'fall-out' with each other as well as the division of profits or losses.
There is a lot more at stake if you JV with your rother-in-Law, other relatives etc ... the term 'on-going-nightmare' is a phrase that readily comes to mind.
And if one of those family JV's brake down, it dosen't matter how many pages are in the JV Agreement, or what the words say to prove that you are "RIGHT," ... as far as YOUR Brother-in-Law is concerned, you are a 'expletive deleted.'
Just thought I'd get that out of the way!! OK?
One more thing ... doing a JV with a rich person, when you are many levels poorer then them, is also not smart.
Well, in simple terms, when 'push comes to shove' money rules ...
Also, if the rich guy tell you not to bother with a JV Agreement ... he appears to be saving you money ... tempting eh? ... what he's really doing is taking away your legal rights.
Yep, you'll have less rights than an employee. If that's the deal ... better to be an employee!
In my my ebook I emphasise the importance of getting the Structure Work of the business organised - you will build a much better development business from a secure foundation.
When you are doing your interviewing of the associated professionals, try to see if they, personally, have any entrepreneutial tendancies.
They may have land, houses, houses for renovation etc but don't have the 'TIME' or 'SKILLS' to do the work themselves.
Don't come out and ask them straight away ... follow my ebook, do the work you want to do; that is assessing them ... but keep your antenna out for any signs of a common interest.
OK, back to getting hold of some land.
Get to know the local real estate agents; I mean know them well.
Call in and buy them a cup of coffee, take them out of their work place;
Invest your Time in finding good, well informed, dedicated agents. Believe me they are in your business community ... it's your job to find them.
Appreciate that Agents are essentially self-employed, irrespective of whether they work in a Real Estate Agency ... their 'mind set' is independent.
They back themselves and their abilities to provide a sales service at a
That 'good income' by the way, will leave most of their 'client's' income
The 'good agents' are busy; their 'time' is money; literally. So don't mess them around.
Don't talk to them as though you are the Aga Kahn! You're Not. There's always a guy richer than you ... maybe the Agent!
Why am I making such a big point about agents.
I believe "people" get the agents "they deserve."
I have heard people talk to Agents as though they were some grubby leech on society and are doing them an honor even to talk to them.
To be a successful agent these days you have to be very good. Many are highly educated and choose real estate as a career for the freedom,
What comes out of your mouth + body language tells an agent a great deal about you. They then wonder why the Agent never calls then ... Dong!!!
Keep your 'ego' under control. Their sales success rests on their ability at 'reading people.' Remember what I say in my ebook!
When you are in the development business, you are in the business of:
Getting People To Do ... What You Want Them To Do
That means that you have to be in control of 'How You Treat People.'
While you are doing this "work" don't forget to do what my ebook tell you
Last idea for finding JV people - talk to your friends - put an advert in the local newspaper seeking expressions of interest from people interested in doing what you want.
OK, you've found a partner who has the land and you are comfortable with the relationship after several meetings.
Important question! What value does your prospective partner put on his land that will be put into the JV?
Just throwing a few figures around to give you an example.
Let's say that market value for his land right now is $300,000. But he wants to put into the JV at $400,000. So if your JV Agreement involves you gaining a share of the profit, your share will be $100,000 less. Got It?
Now let's say that part of your skills contribution to the JV includes a
Your efforts have increased the land value significantly ... no, not six times, as house properties are valued differently to multiple unit properties. But it may have increased by 3 or more times, depending on your market.
Once again the $100,000 will come off your share. Now that may be OK by you, because you are just starting out on your first development ... it is always better to KNOW what you are agreeing too.
I hope this information helps you in your consideration of entering a JV.
Writing things down is an aid to learning and remembering.
My LAST DON'T ... Don't start any of this JV stuff until you know my eBook
What I am all about, is helping you to do residential development with the RISK reduced.
If it takes four years study to get a basic Degree and say another five years to get some experience, why would you think that you can enter the development business with little study -- no experience and expect to be profitable?
"Residential Development Made Easy" is written by Colm Dillon, the 'Real Estate Development Coach' and is the only 'How To Become a Residential Real Estate Developer's eBook on the web; it's selling in 38 Countries, from his experience of developing $1.2 Billion worth of real estate - read more on his web site http://realestatedevelopmentcoach.com/realestatedevelopment.html
Real Estate Roundup 11.25.20 Real Estate Daily Beat
Recent Commercial Real Estate Transactions The New York Times
Big investors buy several San Jose Lucky, FoodMaxx sites, price tops $130 million - The Mercury News
Tech giants occupy nearly 600M-sf of US real estate The Real Deal
A roundup of real estate deals and business openings in Troy - Albany Business Review - Albany Business Review
A roundup of real estate deals and business openings in Troy - Albany Business Review Albany Business Review
Behind Deutsche Financeâ€™s American buying binge The Real Deal
Culmen CEO Ed Blake talks Covid-19 impact on commercial real estate industry - Dayton Business Journal
Culmen CEO Ed Blake talks Covid-19 impact on commercial real estate industry Dayton Business Journal
Real estate is gearing up for a second lockdown Crain's New York Business
No claim against decedent's prior real estate interest Virginia Lawyers Weekly
Sponda recognised amongst the best companies in the global GRESB Real Estate Assessment - GlobeNewswire
Sponda recognised amongst the best companies in the global GRESB Real Estate Assessment GlobeNewswire
Chase Rogers, Real Estate Mogul Shares How You Should Approach Selling Your Home in 2021 - GlobeNewswire
Chase Rogers, Real Estate Mogul Shares How You Should Approach Selling Your Home in 2021 GlobeNewswire
How working from home has changed commercial real estate Nashville Business Journal
Sandusky County real estate transfers The News-Messenger
Howâ€™s the real estate market? Affording a home in Ukiah Ukiah Daily Journal
LM Real Estate pays $18M for industrial sites in Clayton, Youngsville Triangle Business Journal
New CRE diversity program seeking candidates Real Estate Weekly
Real Estate Market Trends Flathead Beacon
Respada congregates global thought leaders to discuss the 'Future of Commercial Real Estate' - PRNewswire
Respada congregates global thought leaders to discuss the 'Future of Commercial Real Estate' PRNewswire
Flagler real estate Daytona Beach News-Journal
Real Estate Today: Purchasing a farm WJHL-TV News Channel 11
Tucson Real Estate: Local company selling adventure vans Arizona Daily Star
People and Property: Real Estate and Construction News From Around NH - New Hampshire Business Review
People and Property: Real Estate and Construction News From Around NH New Hampshire Business Review
Real estate tech roundup: CoStar buys Homesnap HousingWire
Real estate market remains resilient yet faces more challenges Marketscreener.com
Real estate firm buys Scottsdale industrial park, plans Valley developments - Phoenix Business Journal
Real estate firm buys Scottsdale industrial park, plans Valley developments Phoenix Business Journal
How Evolution Enterprises approaches real estate investing Albany Times Union
ERA Real Estate Expands North Carolina Presence With Affiliation Of The Nesting Group - Franchising.com
ERA Real Estate Expands North Carolina Presence With Affiliation Of The Nesting Group Franchising.com
Analysis | Europe's Best Telecoms Stock Is a Real Estate Company Washington Post
Maine real estate sales up 26.88 percent | Lewiston Sun Journal The Bethel Citizen
Real estate growth in Southwest Florida Yahoo News
CoStar Buys Real Estate Software Platform Homesnap Banker & Tradesman
Martha's Vineyard News | Recent Real Estate Transactions: Week Ending Nov. 20 - The Vineyard Gazette - Martha's Vineyard News
Martha's Vineyard News | Recent Real Estate Transactions: Week Ending Nov. 20 The Vineyard Gazette - Martha's Vineyard News
BHHS California Properties Brings Together International Real Estate Panel at Annual Luxury Event - RisMedia.com
BHHS California Properties Brings Together International Real Estate Panel at Annual Luxury Event RisMedia.com
Asia's Resilient Real Estate Market Braces Itself for Market Correction, says ULI and PwC's Emerging Trends in Real EstateÂ® Report - Urban Land
Asia's Resilient Real Estate Market Braces Itself for Market Correction, says ULI and PwC's Emerging Trends in Real EstateÂ® Report Urban Land
'Magnet' metropolis: Triangle ranks No. 1 in study for real estate, development opportunities - WRAL Tech Wire
'Magnet' metropolis: Triangle ranks No. 1 in study for real estate, development opportunities WRAL Tech Wire
Featured Agent: Ryan Griffin at deSatnick Real Estate Cape May County Herald
Real Estate â€“ November 25 Greenfield Daily Reporter
NYC Real Estate Heads Join Call for Trump to Aid Biden Transition Commercial Observer
SC Real Estate Simmering on All Fronts Greenville
Block Real Estate marketing former FDA buildings in Lenexa REjournals.com
Jason Mitchell Real Estate, the Nations #1 Real Estate Team has officially opened its doors for business in Honolulu, Hawaii - PRNewswire
Jason Mitchell Real Estate, the Nations #1 Real Estate Team has officially opened its doors for business in Honolulu, Hawaii PRNewswire
Kelly Myers Exits Real Estate â€“ Thea Smith Nilsson Enters! Los Alamos Daily Post
PROJETO Virtual Reality real estate listing platform to become available for licensing in January 2021 - Auganix
PROJETO Virtual Reality real estate listing platform to become available for licensing in January 2021 Auganix
Coronavirus response | Champaign real-estate agent helping keep seniors fed - Champaign/Urbana News-Gazette
Coronavirus response | Champaign real-estate agent helping keep seniors fed Champaign/Urbana News-Gazette
Real Estate Insider: New Ilitch plan would rehab buildings family said couldn't be saved 3 years ago - Crain's Detroit Business
Real Estate Insider: New Ilitch plan would rehab buildings family said couldn't be saved 3 years ago Crain's Detroit Business
Real estate: Inventory low as sales, prices spike The Sheridan Press
Legislative committee nixes bill to tax real estate deals above $250K Jackson Hole News&Guide
Commercial Real Estate Hall of Fame: Newmark's Steve Levitas REjournals.com
Ramona Real Estate Association board for 2021 sworn in Ramona Sentinel
Lebanon County real estate transfers for week of Nov. 23 Lebanon Daily News
Real estate agent donates gift cards to help needy families Glens Falls Post-Star
Sustained Global Leadership in Real Estate ReportAlert.info
Portugal Based Real Estate Agency Helping People Find Their Dream Homes: Ideal Homes International - GlobeNewswire
Portugal Based Real Estate Agency Helping People Find Their Dream Homes: Ideal Homes International GlobeNewswire
Real Estate Lawyers Weigh In on Ruling Affecting Attorney-Review Period for Auctions | New Jersey Law Journal - Law.com
Real Estate Lawyers Weigh In on Ruling Affecting Attorney-Review Period for Auctions | New Jersey Law Journal Law.com
Real Estate 101: Learning new things at eviction court Northwest Georgia News
COPT taps commercial real estate veteran Todd Hartman as new COO - Washington - Washington Business Journal
COPT taps commercial real estate veteran Todd Hartman as new COO - Washington Washington Business Journal
Real Estate Insider: Blue Ocean sells The Falls at Roland Park development in Baltimore - Baltimore Business Journal
Real Estate Insider: Blue Ocean sells The Falls at Roland Park development in Baltimore Baltimore Business Journal
Lori Massengale, Massengale and Associates Real Estate Investment Company, is New OzSBI Tenant - Ozark Radio News
Lori Massengale, Massengale and Associates Real Estate Investment Company, is New OzSBI Tenant Ozark Radio News
San Antonioâ€™s Hotel Contessa now under ownership of East Coast real estate company - San Antonio Current
San Antonioâ€™s Hotel Contessa now under ownership of East Coast real estate company San Antonio Current
BentallGreenOak's Global Real Estate Investment Platform Receives Top Accolades in the 2020 Global Real Estate Sustainability Benchmark (GRESB), Marking 10 Years of Leadership in ESG - Business Wire
BentallGreenOak's Global Real Estate Investment Platform Receives Top Accolades in the 2020 Global Real Estate Sustainability Benchmark (GRESB), Marking 10 Years of Leadership in ESG Business Wire
Real Estate Transfers 11-26-20 - The Beacon The Beacon
Veteran Franklin developer Joe Parkes Jr. shares Covid-19's biggest real estate surprise - Nashville Business Journal
Veteran Franklin developer Joe Parkes Jr. shares Covid-19's biggest real estate surprise Nashville Business Journal
Real estate firm acquires former LSC Communications property in Lynchburg - Lynchburg News and Advance
Real estate firm acquires former LSC Communications property in Lynchburg Lynchburg News and Advance
WarnerMedia real estate boss, Thomas Santiago, dead Real Estate Weekly
Delayed grand opening supported by industry colleagues Daytona Beach News-Journal
MONMOUTH REAL ESTATE REPORTS RESULTS FOR THE FISCAL YEAR ENDED AND THE FOURTH QUARTER ENDED SEPTEMBER 30, 2020 - GlobeNewswire
MONMOUTH REAL ESTATE REPORTS RESULTS FOR THE FISCAL YEAR ENDED AND THE FOURTH QUARTER ENDED SEPTEMBER 30, 2020 GlobeNewswire
Merrill L. Thomas adds 4 new real estate agents | News, Sports, Jobs - The Adirondack Daily Enterprise
Merrill L. Thomas adds 4 new real estate agents | News, Sports, Jobs The Adirondack Daily Enterprise
Gershman Commercial Real Estate hires exec for new business development role - St. Louis Business Journal
Gershman Commercial Real Estate hires exec for new business development role St. Louis Business Journal
LI real estate experts discuss state of the market in the midst of COVID-19 pandemic - Featured - The Island Now
LI real estate experts discuss state of the market in the midst of COVID-19 pandemic - Featured The Island Now
Covid Pushes Real Estate Into the Future The New York Times
Massachusetts real estate transactions for Hampden, Hampshire and Franklin counties Nov. 22, 2020 - MassLive.com
Massachusetts real estate transactions for Hampden, Hampshire and Franklin counties Nov. 22, 2020 MassLive.com
Real Estate Transactions Go Virtual The New York Times
Sheldon H. Solow, Manhattan Real Estate Mogul, Dies at 92 The New York Times
As New York Real Estate Emerges From Covid Crisis, Townhouses Come Out on Top - The Wall Street Journal
As New York Real Estate Emerges From Covid Crisis, Townhouses Come Out on Top The Wall Street Journal
Maui Realtors: What You Need To Know
Maui is a great place for families of any size. However, before you plan a move to Maui and contact those Maui Realtors, there are some considerations that you should take care of.
Selling Houses: Flooring & Feelings
Buyers think they love Italian tile and other hard floor surfaces, but they actually feel happier when they're walking on softer surfaces such as padded carpeting and padded laminate. Even so, you'll want to give some serious thought to the floors in your home if you want to sell quickly, and for the highest profit.
Investing in Real Estate Like a Stock
A REAL ESTATE STOCK PLANGetting out of the bleachers and into the game!This report is going to explain or attempt to give the stock market investors a basic one-on-one interview with a real estate portfolio manager who has consistently made a profit on 100% of the investment products that were actively chosen and managed. Never a loss, always tax advantaged and sheltered.
The Real Estate Bubble-When Will it Burst?
More and more individuals are realizing that real estate is much safer, and a better return on investment than many traditional investment vehicles. Unlike stocks or bonds, real estate investments can usually be liquidated in order for the investor to access funds in far less time.
Buying A Home - Rain, Sun, and Weather Issues
When buying a home, it can be easy to overlook year-around weather issues. You may think you are purchasing a home in a sunny area, but come to find there is always a heavy cloud cover.
Young Couple Buys Ranch with Government Money
Kirk and Tina Sczepanik had a dream. They wanted a ranch of their own.
Commercial Real Estate: Assessing The Unique Features Of Commercial Real Estate Parcels
As commercial real estate development progresses into the 21st century, many of the principles upon which the market was founded remain the same. Whether you are a property owner, developer, or commercial real estate agent, identifying and marketing the unique features of your commercial property will maximize the attractiveness of the site to prospective buyers or tenants.
Checklist for Buying a Home
I had a client who called saying that his bath tub just fallen through the floor in his new home (new to him). Mold had eaten away the floor from the crawlspace up.
A Real Estate Primer
There are a great many books and web sites devoted to real estate investing out there, but most of them concentrate on one specific area of investing. It's often hard to find a general description of real estate investing, one that lists the various real estate investing strategies and how to get started.
Real Estate Values or Just Bad Habits
There are several small businesses that retain hundred year old traditions. Hand-dipped chocolates, fresh flowers and cloth napkins on every table in a restaurant, or mints and roses on a guest's pillow at a B&B.
The Letting Agents Role
Letting agents play an important role in the buy-to-let industry and a good agent can help make or break your lettings experience. So what should you expect from your letting agent?Professional reputationTo attract good tenants, the agent needs to be well established in the local area and have a good reputation.
Home Hunting and the Internet
So, it's home hunting time. Where do you start? Who do you contact? Well, home hunting has been made much easier with the advent of the Internet.
Fraud in Real Estate, Are You Being Victimized? - Part II
The phone range and Peter was on the other end of the line. "Willard, I have a friend of mine that has a real estate problem.
Real Estate Investing - The First House Purchase
Real estate investing usually begins with the purchase of a house, rather than raw land or commercial property. The purchase of a relatively inexpensive house for rental or fix-up purpose is usually lower risk than any other type of real estate investment.
Free Tips That Will Dramatically Increase the Selling Value Of Your House (Part 1)
Did you know that it's a proven fact that a properly maintained home sells substantially higher then a home that is dirty, depressed looking and clearly not maintained very well? When it comes to selling your house the statement "first impressions are the selling impression" couldn't be any more accurate. This article will highlight some quick tips that will increase the amount of money you can ask for you home when you're ready to sell it.
Feel At Home Faster After You Move
Moving to a new community can be a great adventure, if you go with the right attitude and a sound strategy for settling-in. Incorporate these tips into an action plan, and you'll stay focused, organized and proactive-just what's needed to put roots down fast.
RESPA: The Real Estate Settlement Procedures Act
The Real Estate Settlement Procedures Act (RESPA) is a consumer protection statute, first passed in 1974. One of its purposes is to help consumers become better shoppers for settlement services.
Do I Need A Real Estate Survey?
Getting a survey before you close on any real estate is very important.Some people actually buy real estate without having a survey done.
Attention To Details Helps Homeowners Sell Fast In A Buyers Market
Your boss has just given you the career opportunity of a lifetime, but the job is in another state.Soon you discover that moving your family to another city may be one of life's hardest tasks.
Foreclosure Home Deals
Did you know that you can save tens of thousands of dollars on the purchase of your home by investing in a foreclosure or preforeclosure property? When you are trying to purchase a home for the first time, and you have limited resources and limited funds, it is particularly important that you get the most "bang for your buck".One way for a young family to get the most home for their money is to purchase a "distressed" property.
|home | site map|
|© 2006 TIGER MEDIA|