Joint Venture Financing For Real Estate
Investors always like the idea of having no money into a transaction. Who doesn't? Before 2008 programs that allowed 'no money down' existed and were quite easy to find. After 2008, it was almost impossible to find financing that didn't require some skin in the game. The lenders that survived the crash became smarter and realized that they need to make sure they protect their money or it will be wiped out faster than they can blink. With that said, there are still ways to find partnerships with lenders that require 'no money down'. With Hard Money Bankers, this usually comes after a period of time. After an investor has done quite a few standard loans with us and we have developed a relationship, joint venturing becomes an option. The risk level for us is much lower once we are aware of the investors ability to execute and what their end product looks like. Joint venturing is just another fancy way of starting a partnership. The way it normally works is that the lender puts up all of the money and the investor then completes the flip, sells it and has a profit split worked out on the back end. If you are looking for 'no money down' programs, they are still very hard to find, but they do exist. Develop a profitable and productive relationship with your hard money lender as there are a lot of doors that will open down the road.
Ian Walsh215.839.3271
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