My JV partner said "you need a deal you don't need them on" and I have not stopped thinking about it since.
I have been brokering other people's closings for fifteen years and I still second-guessed every conversation I had with my partner on the Riverside fourplex I picked up last March. Not the acquisition itself, that part I know. The JV piece. I kept deferring to him on seller communication even when I had more information because he brought the contact and I did not want to step on that. By the time we got to title he had made three calls I did not know about and I found out at the settlement table. Fee split still cleared, deal closed, but I walked out of that one knowing I had been a passenger on something I could have driven. So when he said that to me this week, about needing a deal you do not need your partner on, I think he was trying to be helpful and I think he was also right in a way that embarrassed me. I am preparing my next one and I am thinking hard about which side of the JV I actually want to own before I call anybody.