Have Property in Negotiation - Looking for JV Partner

[Laureen Youngblood]

I have a property in Negotiation.  Eugene, Oregon!  Looking for one of two options for Private Money Partner.  I will email property details for review if you are interested.

I have a property in negotiations. They have countered and I am going to send my counter on Monday. I am checking to see if you are interested.

What I bring to the table:

Property

$11,000 in cash and credit to put towards closing & rehab

$35,000 in Interior finish costs that can be deferred till the property sells

Project Management – I will design & manage the rehab

I have 13 years’ experience doing exactly this for work

What I need:

Purchase & Remaining Rehab $234,000

I would want you to provide the following or fund as much as you want of the deal with an agreed interest return on your investment. (8-10%)

I have a hard money lender willing to lend the purchase price and then a line of credit for the rehab if I can bring a partner with balance sheet showing a cash reserve of $40k.  I don't have to actually put this cash into play, just show that it is available if necessary.

I am willing to work with the profit split in any creative way that works. I am willing to guarantee an interest percentage on any loaned moneys and a $20K profit in addition with my portion being whatever is left over. I am open to other such creative ideas that work for you.

I need to know by 8 am Monday morning at the latest to complete my counter offer.

Thank You,

Laureen Youngblood

VPOperations

TY Homes, LLC

(541) 543-8262

[Ryan Blake]

@Laureen Youngblood

It seems like you are looking for a private money lender as you are planning on paying a flat interest rate and not a share of the profits like most JVs. If that is the case, I would continue to post until you find what you are looking for.

If you truly are looking for a long term partnership to continually JV with, I would not search for a random person online. I would go to your local meet ups or the meet ups in the area you are buying property. Make personal connections and go from there. It can be short sighted to choose whoever responds to partner with.