Finding Partners to JV With - Richard Fowler
Episode description
Joint ventures (JVs) in real estate is one way to participate in large real estate transactions. It has many benefits, including shared resources, additional capital, shared risks and expenses, and added credibility. JVs are commonly done by investors who think they cannot take on a deal by themselves. That’s when they find partners who can help them achieve their goals.
In participating in a JV, finding the right partner is key, but it is not enough. You also have to be the right partner for the investors you’ve found. Richard Fowler has learned how to do JVs the right way by knowing when to pursue them and when to try other options to raise capital such as syndications. He also learned about the importance of educating yourself in the real estate space.
[00:01 - 03:03] Opening Segment
- I welcome today’s guest, Richard Fowler
- Why he’s interested in joint ventures
[03:04 - 08:07] Large Multifamily Deals
- The opportunities that you should grab in real estate
- Richard prefers active investing because of this reason
[08:08 - 13:44] Joint Venture or Syndication?
- What you need to know about joint ventures in real estate
- Should you syndicate or do joint ventures?
- Listen to our exchange
- The importance of self-education in real estate
[13:45 - 18:00] Added Credibility
- How to get directly to the sellers?
- How to build credibility through a JV
[18:01 - 23:28] Closing Segment
- Connect with Richard! Links below
- Final words
Tweetable Quotes:
“If you don’t have an experienced person on your team, it’s gonna be really difficult to raise capital.” - Jerome Myers
“If you don’t have a deal, it’s gonna be hard to find somebody with experience who’s interested in partnering with you.” - Jerome Myers
Resources Mentioned:
Connect with Richard by emailing [email protected]. You can also reach out to him on LinkedIn.
Learn more about Myers Methods of Multifamily Investing: http://bit.ly/37u6oK3
Register for Myers Methods Multifamily Investing Course: https://bit.ly/37iozkB
Learn more about the Mid-Atlantic Multifamily Conference: https://bit.ly/2V7SlCC
Are you feeling overwhelmed with Multifamily deal analysis? Are you uncertain about the right investment? Christy is an expert underwriter and mentor and wants help you on your journey! Visit her website at www.ChristyKeeton.com to book a discovery call now.