It’s no secret that joint ventures (JVs) are the key ingredient for building a healthy property portfolio. What is more of a mystery, however, is how you actually secure JV partners.
What’s stopping you from investing in property, or more property? Is it a lack of finance? If so, you’re probably looking at things the wrong way.
It’s no secret that joint ventures (JVs) are the key ingredient for building a healthy property portfolio. What is more of a mystery, however, is how you actually secure JV partners.
While the property experts are all shouting about the importance of JV deals, you’re left wondering how to make yours a reality.
Never fear, it’s all about the pitch, and we’ve got five top tips for nailing yours right here.
It’s likely you only have a brief opportunity the first time you meet, at a networking event for example, to capture their imagination and grab their attention. Make sure you do so with something unique and compelling. Bear in mind, too, that investors invest in people, so you are an essential part of the deal. Be likeable.
Private investors are pitched to every day. Clarity is always better than persuasion, so make them aware of the need to do business with you. Identify their pain point and actively promote a remedy. Speak in their language and focus on being understood.
Offer them a unique solution. A profit share in the cashflow and equity. Differentiate yourself by your unique value – what can you offer that no one else can? (Investors aren’t keen on ‘me too’ ideas).
Every investor is sold on perceived capability. You can build this by displaying positive examples of your determination and ability to get the ‘job done’
If a potential JV partner is interested, offer to buy them lunch so you can talk more about your property investment proposal. With any luck, this will be the start of an everlasting and successful JV relationship.
Don’t be afraid to show your passion and enthusiasm – it could be the difference that makes the difference and gets you another conversation.
If you are ready to take the next steps on your property journey
then our upcoming webinar is the perfect place to start.
Progressive Property has created more property millionaires and success stories in the UK than any other property investing education provider. Since 2007, Rob Moore, Mark Homer and their team of experts have built a welcoming, tight knit community to help people achieve freedom, choice and profit by investing in property.
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*I do not give financial advice, I just share my 20 years experience on what has worked for me, & I warn you about & openly share what has not. I do not do get rich quick, I do get richer for longer. No schemes, just strategies. I am not an IFA, and I do not give professional advice, I simply educate entrepreneurial people who are smart & make their own decisions. I regularly suggest you do your own due diligence & research before making your investments. And I am here to help. To see our legal disclaimer, click here