JV note investors-how’d you find your first deal?

[Michelle Burdo]

Curious to hear people’s first note stories. If you JVed how’d you find your first deal?

[Charles Campbell]

I had become interested in notes in 2015 and was following the topic here on BP. @Bob Malecki was, and still is, a frequent contibutor here as well as a speaker at note industry events, so I got in touch with him. He was willing to generously and freely share his knowledge about note investing with a newbie, as have so many others subsequently (thank you all). I funded a JV through my SDIRA with him on a note in 2016. That note is performing at a good return and the JV is still in place. I have been in other JVs since then, all satisfactory, but Bob's systems and organization are by far the most structured and transparent with full on line access to all files and records. As a reminder, I would encourage anyone to conduct adequate due diligence including background checks before entering a JV or sending money to a note investor/JV partner. My experiences have all been good, and I believe the vast majority of people investing in notes operate with the highest integrity, but there are cases where the operating JV partner has apparently not fulfilled their obligations or promises to the money partner, so stay aware.