Solo vs. Joint Ventures

[Matthew Powell]

Just out of curiosity, do you prefer doing deals alone or do you prefer joint ventures with other investors?

[Will Fraser]

Hi @Matthew Powell, personally I prefer doing deals with other investors with whom I have stellar alignment.  Otherwise I’d rather run them solo.

How about you?

[Matthew Powell]

@Will Fraser

 To be honest I'm still looking for my first deal. But like Patrick Bet-David says, always think 5 moves ahead. So initially I want to do Joint Ventures, and honestly I can't think of a deal I would want to do alone! I always see value in people.

[Andrew Freed]

@Matthew Powell - I would like to do deals with other investors, but when you're just getting started out, I find it challenging to get someone else on board given your inexperience. I have only done my deals alone, but would love to hear about others experiences transitioning from doing deals alone to joint ventures. How did you make this switch? Did you find it difficult giving up a certain level of control? 

[Matthew Powell]

@Andrew Freed, I haven't done my first deal yet. My plans are to do JV first, gain the experience, then consider solo deals a few years later if it makes sense. I am confident however, in finding a solution for experienced investors that create value for them. Driving for dollars, checking in on contractors during a flip, referring other clients to them, etc.