Joint-venture wholesaling is the practice of two or more wholesalers partnering on a deal, splitting the work and the fee.
Log in to followRan into this twice in the last month and I still don't have a settled position. Setup: my name goes on the purchase contract, I found the seller, my partner is bringing the buyer…
First JV I did was 50/50 and I earned exactly half. I brought a signed contract and nothing else, and my partner did the buyer work, the title chasing, the extension negotiation,…
A woman two streets over from my mother's place had a 3/2 rental she'd owned since the nineties, tenant paying 780 in a market that supports 1,350, and she'd stopped answering the…
Working out what the first deal actually costs and this keeps coming up. The plan is I find the seller, sign the contract, and an experienced wholesaler with the buyers does dispo…
I've got a 1960s 3/2 in a working class suburb, ARV somewhere around 215k based on four sales inside half a mile, repairs quoted at 45k by a contractor who walked it with me. Sell…
Underwriting a partnership is the same problem as underwriting a deal. You look for where the value goes when things break. In a JV wholesale the contract with the seller is where…
Just started, everything is new. People in this space say JV about about four different things and I can't tell them apart. Someone told me they JV'd a deal and all they did was t…
I've got a two page JV agreement from a wholesaler who's been doing this eleven years in my market. Deal is a duplex, both sides vacant, seller inherited it and lives four states…
Signed a JV on 11 acres about 20 minutes out from a growing secondary market. Seller was an out of state heir who wanted it gone by year end. I got it at 88k on a 60 day contract…
Small farm town, population under 4,000, roughly 50 minutes from anything with a hospital. I've been mailing owners of low price point houses out there for a while because nobody…
Came from the construction side, so I know how to look at a house and price the work. The investing paperwork is new to me. I've got a seller lead through an old GC contact, tired…
Everywhere I look, first deal advice says find an experienced wholesaler and give up half. Half of a 12k fee is 6k, which sounds fine when the alternative is zero. What I can't te…
Renovation is my day job and I'm working out the acquisition side. Two different wholesalers here have offered the same arrangement: I find the seller and lock up the contract, th…
Contract signed Tuesday on a 3/1 brick ranch in a working class pocket, 1,100 square feet, seller is out of state and wants out. My number is 142k. My JV partner on dispo has a bu…
Under contract at $142,000, ARV somewhere around $215,000, needs maybe $30k of work by my numbers. Dispo partner says he has a buyer at $158,000, so $16,000 spread, 50/50. Fine. W…
I own eleven units, mostly small stuff, and over six years I've collected maybe forty local landlords who buy at the price points I do. I'm in group chats with a dozen of them. Th…
Found this off a service call. Homeowner in a 1970s ranch had a repipe quote she couldn't pay and a plumbing problem that was going to get worse. She wanted out. I'd been reading…
Deal was 118k on a 3/2 in a first ring suburb, going out at 133k, fee 15k, split 60/40 to my partner because he brought the seller and I brought the buyer. My first real fee and I…
Deal in progress, 3/2 in a working class suburb, contract at 118k, buyer at 141k, so 23k of spread before title fees. I sourced it, he brought the buyer and did the walkthrough wi…
Guy I've done two walkthroughs for wants to make it a standing JV. His pitch is that his buyers keep coming back with rehab numbers 20k over his and killing deals, and that a writ…