How to jv with other wholesaler

Question

I’m Relatively new to wholesaling, does anyone have any tips or groups to work with other wholesalers on deals that may come up?

Joe Gonzalez · Answer

It's all about value brother, if you're bringing a deal to the table that is great value!

If you are bringing strong buyers that is also value.

I would highly advise you to develop the necessary skills to find and close deals on your own, once you learn these skills you will never work a 9-5 again.

Barry Pekin · Answer

@Antoine King,

Decide, first, what you want to get out of a JV relationship.  Are you willing to do the harder part of finding properties, or are you looking for someone else to do that and you'll do the disposition part?  Are you looking for someone who can bring money to the table for marketing, or are you thinking you can do that?  You would really need to find someone that compliments what you bring to the table.

I feel like people who want to JV feel like there are parts of the process that they can't do or don't want to do, or don't think they will do well.  I suggest that you look at the whole process of wholesaling from start to end.  Can you do the first part of finding properties?  If not, why not?  When you get that answer, find out what you can do so that you CAN make that happen.  Once you have that piece comfortably in your mind, move on to step two and do the same thing.

Think about marketing.  Think about finding buyers.  Think about the technical aspects of the transaction.  Think about what you need to learn.  I think, if you do all that, you most likely won't need a partner.  And if you decide you do, you'll know what you're looking for in a partner.

Good luck!