Why You Should Not Do Joint Ventures In Property

In this episode, Simon talks about why you should NOT do joint ventures in property, and how in the long run they can prove way more expensive than you may believe...

KEY TAKEAWAYS

• Joint ventures are where two or more parties come together for mutual benefit. They have a share of risk and a share of rewards.
• The main issue with joint venturing is that many become settled in this practice, and do not move onto the next step, which is private loans.
• The money you spend on a property should be far less than the value you create by doing the refurbishments.

BEST MOMENTS

'Joint ventures CAN be absolutely fantastic...'

'It's expensive because you're giving away half of your profits'

'This is definitely a question of belief and mindset'

VALUABLE RESOURCES

To learn more about how you can use other people's money to fund your property deals register for this Creative Finance training here: www.CreativeFinanceTraining.co.uk

Property Magic: How to Buy Property Using Other People's Time, Money and Experience by Simon Zutshi

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To find your local pin meeting visit: www.PinMeeting.co.uk and use voucher code PODCAST to attend you first meeting as Simon's guest (instead of paying the normal £20).

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ABOUT THE HOST

Simon Zutshi, experienced investor, successful entrepreneur and best-selling author, is widely recognised as one of the top wealth creation strategists in the UK. Having started to invest in property in 1995 and went on to become financially independent by the age of 32.

Passionate about sharing his experience, Simon founded the property investor’s network (pin) in 2003 www.pinmeeting.co.uk.    pin has since grown to become the largest property networking organisation in the UK, with monthly meetings in 50 cities, designed specifically to provide a supportive, educational and inspirational environment for people like you to network with and learn from other successful investors.

Since 2003, Simon has taught thousands of entrepreneurs and business owners how to successfully invest in a tax-efficient way.  How to create additional streams of income, give them more time to do the things they want to do and build their long-term wealth.

Simon’s book “Property Magic” which is now in its sixth edition, became an instant hit when first released in 2008 and remains an Amazon No 1 best-selling property book.

Simon launched his latest business, www.CrowdProperty.com, in 2014, which is an FCA Regulated peer to peer lending platform to facilitate loans between private individuals and property professionals.

CONTACT METHOD

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