Joint Venture opportunity, how do you know it’s a good idea?

[Ricky Jackson, Jr.]

Hey everyone,

Background: I have an opportunity to do a Joint Venture on a single family home. The business model is profitable and the cash flow looks good.

Problem: I was introduced through a mutual acquaintance. I do not know this individual from Adam and I am not to keen on working with people I do not know and trust well.

Question: Has anyone ever purchased property with a near stranger? If so what precautions did you take? What red flags did you look for? Any other practical advice?

It looks like a good opportunity, and a good opportunity to learn from someone that has been doing it for a while. But I’m not to keen on being hustled or taking unnecessary risk.

Thanks