Finding a JV Partnership

[Christopher Evans]

Hello BP members,

I am new to REI and have taken a keen interest in buying notes, specifically non-performing notes. I have spent the last 4+ months reading and studying on the topic and plan to attend a few conferences in the next few months. I have a partner who also has been aggressively educating himself as well. We have spent the first few years post graduate schooling starting up an anesthesia staffing company and, as it now is doing quite well, can begin to turn some of these profits into present and future investments.

My question is this: How do we go about finding a JV partnership? We have the capital to invest however want to start slow and learn the intricacies of the business. Our first few investments are for returns of course but mainly for education as we both want to do this the right way to increase our chances of success.

I would greatly appreciate any input you may have into the matter.

[Adam Adams]

@Christopher Evans. I started the same way. I JV'd with a couple of people. One guy taught me a lot, one guy didn't teach me Jack, even though both said they'd show me the ropes. There are a lot of people out there that do notes and take on JVs that will "teach." There are a lot who don't want to bother. If you want educated, ask them how you will be taught and how much you will be involved. To be honest, it's easy to be involved in the beginning when you are purchasing the notes. There is all kinds of due diligence that one can get involved in. After the purchase, it's slow as molasses afterwards, so the hands on experience slows down.