Which Is Better? Virtual Assistants or Joint Venture Partners?

Member since 2024 · 12 posts · 7 votes

Obviously the answer I'm sure depends on a number of factors (affordability, reliability, etc.) Virtual Assistant would be less affordable but you would have a higher margin and JV partners would be possibly in many cases be less reliable but would be possibly be easier to collab with more holistically.

So I guess it would really come down to this...

What are arguments for both the VA side and the arguments for the JV side of the argument? Is there a reason why someone who could easily afford a VA would rather pick JV partners instead? If you both what would you have them do? Would it be on separate things? If so what?

Obviously a lot of questions but hopefully you can see what I'm getting at. Ultimately what separates a strategy involving JVs from VAs?

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Joe VilleneuvePro Member

Plymouth, MI · Member since 2013 · 13k+ posts · 19k+ votes

You realize what you're asking is which is better, an airplane, or a cheese pizza?

The real question here is one you have to answer before you ask the one you asked,..."what are you looking for?"

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Tim Tafel
OP
Member since 2024 · 12 posts · 7 votes
2y
Okay. Are JVs far more productive because they run their own wholesale business and can approach it all more holistically than VAs? Because they run on percentages instead of being paid by the hour? Or both?
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John Mason
Member since 2024 · 1k+ posts · 351 votes
2y
JV is best as you scale quicker
But need to do due diligence
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John Mason
Member since 2024 · 1k+ posts · 351 votes
2y
FYI https://www.biggerpockets.com/forums/48/topics/220459-joint-...
https://www.biggerpockets.com/forums/48/topics/756959-why-jo...
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John Mason
Member since 2024 · 1k+ posts · 351 votes
2y
@Tim Tafel try facebook groups local to you and meet them in real life and see how it vibes
https://www.facebook.com/groups/15740459798/
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Tim Tafel
OP
Member since 2024 · 12 posts · 7 votes
2y
Quote from @Account Closed:

Quote from @Tim Tafel:

Okay. Are JVs far more productive because they run their own wholesale business and can approach it all more holistically than VAs? Because they run on percentages instead of being paid by the hour? Or both?
A JV is supposed to make more money the harder they work. A VA is lowly paid and by the hour. Don't get me wrong, there are some great VAs out there, but you have to find them, train them, monitor them and pay them well for them to produce anything above mediocre results.
Gotcha. I was actually wondering about the motivation of a VA who isn't getting paid on commission. It always seemed like a not optimal way of creating incentives, loyalty, and good relationships with them in general.
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Joe VilleneuvePro Member
Plymouth, MI · Member since 2013 · 13k+ posts · 19k+ votes
2y
You realize what you're asking is which is better, an airplane, or a cheese pizza?
The real question here is one you have to answer before you ask the one you asked,..."what are you looking for?"
4 Reply
Jonathan GreeneBusiness Member
Real Estate Consultant · Madison, NJ · Member since 2016 · 6k+ posts · 7k+ votes
2y
Quote from @Joe Villeneuve:

You realize what you're asking is which is better, an airplane, or a cheese pizza?
The real question here is one you have to answer before you ask the one you asked,..."what are you looking for?"

I was literally about to say you are asking which is better, pizza or dumplings. I mean both can be good and bad, but aren't really the same thing.
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John Mason
Member since 2024 · 1k+ posts · 351 votes
2y
People who say JV is bad do not know how to structure it and manage it and the exit strategy..
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Joe VilleneuvePro Member
Plymouth, MI · Member since 2013 · 13k+ posts · 19k+ votes
2y
Quote from @Jonathan Greene:

Quote from @Joe Villeneuve:

You realize what you're asking is which is better, an airplane, or a cheese pizza?
The real question here is one you have to answer before you ask the one you asked,..."what are you looking for?"

I was literally about to say you are asking which is better, pizza or dumplings. I mean both can be good and bad, but aren't really the same thing.
Pizza or an airplane would be a tough decision, I don't like dumplings, so...LOL
2 Reply
Joe S.Pro Member
Investor · San Antonio · Member since 2020 · 3k+ posts · 3k+ votes
2y
Quote from @John Mason:

People who say JV is bad do not know how to structure it and manage it and the exit strategy..
What are your experiences correctly structuring a JV? How would you advise it to be structured?
1 Reply
Joe S.Pro Member
Investor · San Antonio · Member since 2020 · 3k+ posts · 3k+ votes
2y
Quote from @Tim Tafel:

Obviously the answer I'm sure depends on a number of factors (affordability, reliability, etc.) Virtual Assistant would be less affordable but you would have a higher margin and JV partners would be possibly in many cases be less reliable but would be possibly be easier to collab with more holistically.

So I guess it would really come down to this...

What are arguments for both the VA side and the arguments for the JV side of the argument? Is there a reason why someone who could easily afford a VA would rather pick JV partners instead? If you both what would you have them do? Would it be on separate things? If so what?
Obviously a lot of questions but hopefully you can see what I'm getting at. Ultimately what separates a strategy involving JVs from VAs?
Well, for starters, you could probably have a VA hired before the day is over and if they were not a good fit, you could move on.

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