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
CLOSED. For the latest news on Private Money Partnering.

Bookmark This Site / Add to Favorites
Come back to see what fresh information we may have on Private Money Partnering.

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 (continued)

What Can You Do When Things Go Wrong?

What Can You Do When Things Go Wrong?Or Better Yet, What Are You And Your Partner Going To Do?

• Can either party replace him or herself if it's needed to save the project?
• Can you replace yourself if you are the one in trouble?
• Can you replace your partner in order to save the project?
• Can you be there for your partner and be more than a lender or an investor or a project manager?
• Can you be there for your partner when your partner for personal reasons can't be there?
• Can you be honest with your partner about what you need?
• Can you be honest with your partner about what you haven't done?
• Can you talk comfortably with your partner about money?
• Can you deal with uncertainty?
• Can you be honest about a problem with your partner, if you think the problem is your partner?

It doesn't matter whose fault anything was, you can't get into that. There is always your responsibility for saying to the partner, "We need to think about this. It's not working to both of our advantages, we both know this is not something we planned or wanted to be, but here's what it is. Let's change it or make the best of it." Now, would I do another deal with those particular people? I doubt it. I just want to get out of this one. They wouldn't want to do another deal with me either, and that's OK. Sometimes it is because the active partner has made an error. Sometimes it's because the economy, or another opportunity, or life, intervenes and you have to deal with it.

So, take a deep breath and a moment to reflect. Remember to keep things in. perspective. The sages tell us that troubles plus time equals humor.

The Six Phases of a Project:
I . Enthusiasm
2. Disillusionment
3. Panic
4. Search for the Guilty
5. Punishment of the Innocent
6. Reward and honor for the non-participants

I have come to terms with myself about never wanting to burn any bridges. In the real estate investing world, sooner or later you're going to wind up bumping into everybody. You always want to conduct yourself in a way that you feel whole because you never know what you will encounter in a few years.

If you're at the point of needing to dissolve an incomplete venture relationship, remember these eight points:

I . Be businesslike
2. Acknowledge the problem
3. Ask yourself if there is enough blame to share
4. Try to figure out a win-win situation for both parties, or at least a fair situation for both
5. Find an incentive to renegotiate a way out of it
6. Don't burn your bridges or create enemies
7. Determine if the conflict resolution clauses in your agreement are still appropriate
8. Attempt to be creative in solving the conflict without going to dueling attorneys

Joint Venture Partnership Continuity- Chapter R