EP 132: Should You Do a Joint Venture With a Friend or Relative

Joint ventures are an appealing option for individuals looking to invest in property or start a business. The idea of partnering with a friend or relative is enticing, as it combines the benefits of pooling resources and sharing responsibilities. However, before embarking on a joint venture, it is crucial to carefully consider the pros and cons involved.

One of the main advantages of a joint venture is the ability to leverage each partner’s strengths and expertise. By combining skills and knowledge, partners can maximize their chances of success. For example, one partner may have a background in finance, while the other excels in project management. This complementary skill set will lead to more efficient decision-making and problem-solving.

In this week’s episode, Bob and Hilary talk about whether or not you should do a joint venture with a friend or relative. They unpack the what, why and how of joint ventures, providing you with valuable insights and tips on whether or not you should seize this opportunity! Join us as we discuss the benefits and challenges of joint ventures, and the ins and outs of partnering with friends and family!

Episode Highlights:

Bob’s tip of the week [01:52]

Unpacking joint ventures [04:42]

Why would people want to have a joint venture partner? [07:59]

What are the benefits of doing a joint venture with a friend or family member? [10:21]

What are negative reasons why not to do a joint venture with a friend or family member? [14:25]

The negative side of social media [23:41]

Has Bob done a joint venture with a friend or family member? [29:19]

Upcoming workshop [35:08]

To learn more about our upcoming Joint Ventures Workshop, please click here: https://propertymastermind.activehosted.com/f/134

To download Joint Ventures ebook or to watch our 20-minute webinar, click here: https://www.propertymastermind.com.au/property-investing-webinar/

EP 164: How To Pick The Right Builder Part – Two

In this week’s episode, Hilary and Bob continue to discuss how to pick the right builder for your property development. They dive into things to consider such as good communication, timeframes and more. So if you’re interested in property development but not sure where to start, you won’t want to miss this week’s episode!

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EP 163: How To Pick The Right Builder Part One

In this week’s episode Hilary and Bob discuss how to pick the right builder for your property development. They highlight key strategies and insights to help listeners make informed decisions when selecting a builder for their project. So if you’re struggling to find the perfect builder for your project, you won’t want to miss this week’s episode! Tune in and learn how to pick the right builder for your next project and avoid costly mistakes!

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EP 162: Why Effective Time Management Will Make or Break Your Property Development Profits

In this week’s episode Hilary and Bob discuss why effective time management will make or break your property development profits. They talk about starting with feasibility, assembling the right team and adaptability and flexibility. So join us in this week’s episode and find out how to sharpen your time management skill for successful property development projects!

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Kind Words From Our Students

R. Kelly

"I've been collaborating with PPS for more than three years"

I’ve been collaborating with PPS for more than three years, and this gives me an opportunity to invest in property in ways that get a more efficient return for my investment dollar. They provide full transparency of their strategies and regularly report on status so that I have full visibility of how my investment is working for me.

Gary Sherdon

"I would have no hesitation in recommending this course and have done so on many occasions."

I would like to thank Bob and Hilary for the opportunity to participate in The Property Accelerator. I enjoyed the learning experience both online and in person. This has allowed me to implement knowledge and given me confidence to pursue Property development. In this time I have committed to two duplexes and am currently working on a splitter. The splitter involves a boundary realignment plus renovation and then construction of a second dwelling. This is being done in a JV arrangement (another of Bob’s strategies). I would have no hesitation in recommending this course and have done so on many occasions.