|
|
 |
|
| |
|
|
| |
by Colm Dillon
|
|
print article · comment on article
|
|
| |
previous |
page 5 of 6 |
next |
|
| |
|
|
| |
re in the business of:
Getting People To Do ... What You Want Them To Do
Within The 'TIME' AND 'Costs'You Set.
That means that you have to be in control of 'How You Treat People.'
Agents know a lot of people ... maybe, they even know those people who want to JV with you.
While you are doing this "work" don't forget to do what my ebook tell you
to do about research.
Last idea for finding JV people - talk to your friends - put an advert in the local newspaper seeking expressions of interest from people interested in doing what you want.
OK, you've found a partner who has the land and you are comfortable with the relationship after several meetings.
Important question! What value does your prospective partner put on his land that will be put into the JV?
Just throwing a few figures around to give you an example.
Let's say that market value for his land right now is $300,000. But he wants to put into the JV at $400,000. So if your JV Agreement involves you gaining a share of the profit, your share will be $100,000 less. Got It?
Now let's say that part of your skills contribution to the JV includes a
rezoning of the land to a higher level and you achieve that for the JV.
That rezoning may take the land from a single unit (house) dwelling zone to a six dwelling unit zone.
Your efforts have increased the land value significantly ... no, not six times, as house properties are valued differently to multiple unit properties. But it may have increased by 3 or more times, depending on your market.
Once again the $100,000 will come off your sha |
|
| |
|
|
| |
previous |
1·2·3·4·5·6 |
next |
|
|
