Private Money Partnering

Private Money Partnering Table of Contents
Find Out All You Need To Know About Private Money
Partnering And Joint Venture Real Estate Investing.

Finding Private Money Partners
How To Find Private Money Partners for Real Estate Venture Capital Using The Web And Other Resources

Testimonials About Private Money Partnering
Find Out What Investors Have To Say About The Information On The Private Money Partner Site.

Private Money Real Estate Venture Capital Glossary
Coming Soon. Terminology for Private Money Partnering And Real Estate Joint Ventures.

Private Money Joint Venture Real Estate Blog
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Private Money Partner Meetup Forum
Private Money Investors & proposers Can meet and find mutually beneficial partners.

Private Money Partnering Home Page
Introduction To How We Can Help You Find The Private Money That You Need.

When A Joint Venture Goes Wrong

Chapter Q

What Can Go Wrong?
What Can You Do When Things Go Wrong?

Anything is possible where Murphy's Law reigns over people.

What Can Go Wrong?

What lands of things can go wrong? Anything is possible, in the kingdom where Murphy's Law reigns... and people live. Do you ever have warning signals?

What If There Is A Change In Circumstance On One Side Or Both?

A Death Or Disability To Either Party

A friend of mine told me about a partnership where his partner suddenly died. There were three heirs, one lived in England, one on the other coast of the US. and the third in a nursing home. Luckily, he had a strong partnership agreement which allowed him to take over and save his project.

A Disabling Lawsuit

What if your partner is sued by somebody and it takes all their time and their energy and maybe their money? That has happened.

Bankruptcy

What if your partner goes bankrupt? Or you go bankrupt?

Divorce

What if your partner gets a divorce? Or you get a divorce? Are your priorities and you focus going to be a little different that what was originally anticipated?

What If There Is A Change In Circumstances On The Property Itself?

I had another -friend who arranges loans on rehabs. The house was all fixed up, and then one weekend 50% of it burns. That's an interesting call to a partner! The house is 100% complete and on the market, and then there's a fire. The investor is going to have his money out for an extended length of time while the rehab takes place. What's the comfort level of that investor at this point? You need to know who you're dealing with and what their time frames are, because things can happen.

What If There Is A Downturn In The Real Estate Market?

You can't afford to sell it at the time, because you won't get the expected return on it.

What If The Repair Costs Are Higher Than What You Expected?

Listen to this example from Bob and Will.

BOB: Will, I've got some news on the property over on Lockhaven. You know we were about finished with rehab, and I got a call from a neighbor yesterday and there was a break-in. I went down and checked it out. They took out our carpet, they took out our range, the copper plumbing. They spray painted some of the walls. Just in round numbers I would say we're going to need about $3,000 to bring it back to what it was. I checked on our insurance. They're doubtful that this loss is covered for some reason. I don't know why. So, can you put $3,000 more in the account so I can get this work done?

Joint Venture Going Wrong - Chapter Q