All Forum Posts by: Zachary Vanison

Congratulations on finding a JV partner for your wholesale deal! It's important to have a solid agreement in place before proceeding with the deal. Here are a few steps you can take:

1. Discuss and agree on the terms of the joint venture, including how profits will be split, who will handle what tasks, and any other important details. Make sure to get everything in writing.
2. Consult with a real estate attorney to help you draft a joint venture agreement that outlines the terms of your partnership. This document should be signed by both parties and include provisions for dispute resolution, termination, and other important clauses.
3. Make sure you have a solid understanding of the purchase contract for the property, as well as any other legal documents related to the transaction. If you're not familiar with these documents, consider hiring a real estate attorney to review them with you.
4. As you work through the transaction, keep accurate records of all expenses and payments made, as well as any other relevant information. This will help you stay organized and make sure that you and your JV partner are on the same page.
5. Finally, communicate openly and regularly with your JV partner throughout the transaction. This will help you avoid misunderstandings and ensure that you're both working towards the same goals.

Remember, it's always a good idea to consult with a real estate attorney before entering into any joint venture or partnership agreement. Good luck with your deal!

Congratulations on finding a JV partner for your wholesale deal! It's important to have a solid agreement in place before proceeding with the deal. Here are a few steps you can take:

1. Discuss and agree on the terms of the joint venture, including how profits will be split, who will handle what tasks, and any other important details. Make sure to get everything in writing.
2. Consult with a real estate attorney to help you draft a joint venture agreement that outlines the terms of your partnership. This document should be signed by both parties and include provisions for dispute resolution, termination, and other important clauses.
3. Make sure you have a solid understanding of the purchase contract for the property, as well as any other legal documents related to the transaction. If you're not familiar with these documents, consider hiring a real estate attorney to review them with you.
4. As you work through the transaction, keep accurate records of all expenses and payments made, as well as any other relevant information. This will help you stay organized and make sure that you and your JV partner are on the same page.
5. Finally, communicate openly and regularly with your JV partner throughout the transaction. This will help you avoid misunderstandings and ensure that you're both working towards the same goals.

Remember, it's always a good idea to consult with a real estate attorney before entering into any joint venture or partnership agreement. Good luck with your deal!

Hey @Zachary Vanison welcome to the forums.  It really depends on the type of property and asset class you are going after and how you plan to find these "deals".  

In my opion, if you are going to be walking around town or driving for dollars there is no better solution out there then deal machine.

If you want to stick to your desk and pull lists to call or mail then I'd say prop stream is probably great.

You can also have a local realtor or agent you work with put you on a search for properties that have been on the market over 60 days.

Another free option is that your local county auditor will likely have a way to export lists of public data on certain types of properties.  That could get you going also.

I've found the best success in a combination or cross reference of multiple sources.  For instance if I mail a person a postcard and it comes back not deliverable thats a deal I go and hunt down because most people just keep on sending out postcards and ditch the addresses that have some bad data or whatnot in them causing the mail to bounce.  That to me are the  ones worth chasing down, the hard ones.