Episode 54 - What's a Joint Venture?

Today’s episode is all about the concept of joint ventures and why you should consider it as an option in your property business. Just like every other means of fund sourcing, joint ventures have rules and regulations that you need to fully understand to avoid turning your business into a disaster. So in today’s episode, you’ll learn about the benefits of joint ventures so you can decide if it’s the right fit for you.

What You Will Learn In This Episode:

- What a joint venture is in the property market

- The pros and cons of joint ventures 

- When should you consider a joint venture as an option for your business

- How to do a joint venture the right way 

For a joint venture to work, you have to seek out investors that provide quality services that align with your business goals. You must have an already existing plan of what you want out of the partnership and how both parties can achieve a common goal. You also need to work on communication skills, and with a clear strategy in place, the partnership can become a success.

Resources:

- Download my Property Business Checklist at https://www.rachaeltroughton.com/checklist

- Find me on Instagram https://www.instagram.com/rachael_troughton