how to use partnerships to buy real estate

Описание: We bought this house by doing a partnership with the home owner. In today's video, I'll walk you step by step how we put together a 3 page joint venture agreement in order to buy this property without coming up with the $260k he wanted at closing. If you want to have a long real estate career, you must understand Strategic Partnerships. That's where you intentionally partner with people whereby both of you are bringing a massive amount of value to the relationship. The main reason partnership DON'T work is because a lot of times they're one sided with one person contributing more than the other. Learn how we do our Joint Ventures so you can deploy this strategy in your business as well. Download my Joint Venture agreement below so you can follow along.

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00:00- Intro
2:20 - We must learn how to do strategic partnerships
3:50 - Why is it important to understand joint venture
4:59 - We bought the house subject to and used a joint venture agreement
7:10 - Let's go over my Joint Venture Partnership Agreement paperwork
8:33 - Why partnerships don't work
9:39 - You have to outline the contributions on a partnership
11:30 - How to break down the profit in a partnership
14:20 - How to explain the duties of each partner in the Joint Venture agreement
16:39 - What happens if one partner dies in the partnership

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