How Do You Find a Real Estate Development JV Partner
by William Nebel
(Monarch, Mt. USA)
I am trying to start a real estate development company and I need to have a JV Partner to help with the funding.
How do I find one and where?
I have found 3 great projects that will make great money and sell off fast if I can find a partner/investor. Any Ideas?
I have over 30 years experience in the field and want to do it for my self instead of for other people.
I understand the sentiments you express but I should tell you I have only done one real estate development JV in my 30 years and that was a JV between partners who were equal in financial strength; my recommended model.
I can say, however, that now is not the best time to be looking at doing real estate JV's as the state of the US economy is such that most private investors are looking to preserve their capital, rather than taking on more risk.
Any developments taking place right now are those that were started a while back and have to be conpleted under contracted conditions.
As you know the market is flooded with foreclosures which creates a depressed real estate atmosphere and chases finance to find other uses.
Sorry I can't be of more help to you.
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