But I’d love it if you would subscribe and leave a rating and review. It’s your choice and I do not want you to feel at all obligated. This is my simple request: If you enjoy the podcast and look forward to hearing a lot more episodes, I would be very grateful, happy, beholden and otherwise indebted to you to rate and review the podcast on iTunes. The E-Myth Revisited: Why Most Small Businesses Don’t Work and What to Do About It links The ONE Thing: The Surprisingly Simple Truth Behind Extraordinary Results You can do what Kevin did and partner with people that can put up the money.įind out more about how to do that by listening to this incredible episode. You don’t have to start real estate investing by wholesaling. He was very generous in the episode and gave a lot of great information and tips. Kevin shares how a sign he put in the yard of the house he was rehabbing generated a call that became his second deal. ![]() This is important because you don’t want them saying you guys have a business partnership where they want a piece of all of your future deals. It’s also important to specify that the partnership is just for the single deal and not future deals. ![]() The agreement should contain things to cover what happens if more money than was anticipated for the rehab is needed, how profits (and losses if that happens) will be split, and any other details for who is supposed to what in the partnership. Make sure to get competent legal advice for the joint venture contract from a local attorney. It’s important to make sure that any unknowns are covered and thought through before partnering with somebody. Kevin also shared some of the key points from the joint venture contract he was using. He found his first JV partner that put up the money for the first deal and several deals after that from his craigslist ad. Netting about $65k profit that he split with his JV partner The numbers for that first deal are as follows (rough figures): Not bad all, especially considering he didn’t have any of his own money in the deal… meaning no risk! Kevin didn’t have the money to buy the house and fix it up so he teamed up with another investor to fund the deal with an agreement to split the profit 50/50. Kevin’s first deal generated a total profit of about $65,000! Not bad for any deal, let alone a first rehab deal. What key points need to be covered in a Joint Venture agreement when flipping.Where he found his money partners and how he got them on board with him.Find out how his first flip made a total profit of $65,000.How Kevin Ramirez was able to get funding for his first deals even though he was 19 years and new to the business.He doesn’t yet consider himself an expert and stays open to learning more and more every day. With 19 deals to date in 2015 he is looking to close the year with 25. Every deal he has done has been without his own money.Ĭurrently 21 years old, still a one man operation, he is working on building systems to automate his business. He currently focuses on rehabbing and wholesaling. ![]() He started in Real Estate at 19 years old with a flip, found a JV partner to fund the whole deal and after that fell in love with the business. Kevin Ramirez is from Venezuela living and is doing business in Raleigh, North Carolina. Kevin Ramirez shares detailed information on how he found money partners and got them on board to work with him on his first flips! Listen / Watch Show Notes
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