Joint Ventures

[Quinten Jones]

I have been doing much thinking about Joint Ventures. I do not have any money as of now to start a real estate rehab project. What I am wondering is, how difficult is it to find someone who has the cash to acquire and fund real estate projects including rehab cost? I would put in the sweat equity in finding the properties, managing the rehab, and coordinating the sale of the finished product.

Any helpful suggestions or comments would be appreciated. Thank you.

[J Scott]

Do you have any experience or successful flips under your belt?  It doesn't sound like it.  The problem you're going to have is that you want someone to put in all the money -- in other words, take all the financial risk -- with someone who has no experience.

My suggestion would be to get some experience first.  Find a successful investor and offer to donate your time to him in exchange for getting to see the inner workings of his business.  If you prove that you can add value, you may be able to eventually turn him into a mentor or partner.

Unfortunately, I don't think it's very realistic that someone will fund 100% of the deal for someone with no proven track-record.