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Updated 3 months ago on . Most recent reply

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3
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Durrell W.
  • columbus, OH
1
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3
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JV or partnership

Durrell W.
  • columbus, OH
Posted

Greetings everyone. I am new to RE and to this forum. I have two properties under contract. Due to a series of unfortunate events, I am concerned I might not be able to cover the out of pocket costs. I am looking for a JV partner or suggestions. Thanks.

  • Durrell W.
  • Most Popular Reply

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    Remington Lyman
    • Real Estate Agent
    • Columbus, OH
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    Remington Lyman
    • Real Estate Agent
    • Columbus, OH
    Replied
    Quote from @Jonathan Greene:

    If you are new to real estate and have two properties under contract, that can be both good and bad. It's good if you knew what you are doing and locked up good deals on assignment (unlikely since you are new). It's bad if you are trying to offload bad deals to a partner because you didn't know the values. You may want to consult with @Remington Lyman and see what he thinks. He may be able to provide some help if they are good deals.


    Thank you for the shout-out

    Hey Durrell. Happy to help but I echo Jonathan's concerns

    • Remington Lyman
    business profile image
    Reafco
    5.0 stars
    12 Reviews

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