Daniil Kliman strategy - Joint Venture
I rec'd an email regarding a webinar from Daniil Kliman (spelling ?) and I watched it. I didn't buy the Guru package or anything, but he did go over an interesting strategy which we don't hear about much and that is using Private Money to do Joint Venture/Equity Partners deals. The Private Lender/investor puts up the money for the house and rehab and you rent it out. Both investors get 50% of the monthly rent and split the equity 50/50 at the end of the deal when the property is sold. Is this a feasable strategy to use? The numbers looked good in the presentation, don't they always, but they did make sense too. Let me know of any feedback. I am trying to find the negatives of using this strategy, if there are any. Thanks!