Forum Replies Created
Thanks for the advice. It’s great to know what investors look for in a good deal and what they would immediately reject. Richard, when you say ‘you will need to be offering something rather special’, what type of thing would you be referring to? A larger profit return?
I accept that I may need to do my first few projects myself, however I am interested to know what sorts of things investors are looking for in a good JV deal (when the time comes). I’d love to hear from investors (or anyone that knows) how to best present a good JV deal and where to seek JV partners. Angel investment sites, investor meet ups, sites like this, word of mouth?
Your assistance is greatly appreciated.
Yours in Renovating
The Renovator
The Renovator | Renovators Delight
Hi Wilko,
Thanks for your honest feedback. I appreciate it a lot. The main reason that I am choosing to source an investor or JV partner is because I am a beginner in this particular business and I am hoping to seek the expertise of someone in the field. I have spent many months (even years) researching, reading, analysing, attending seminars, speaking with RE agents, meeting with experts and much, much more. I have everything in place to proceed including a trusted accountant. That said, I am committed to continual learning and strongly believe that there is always more to learn from others. I am surrounded by family and friends who own businesses and have also received lots of direction from them. I have every step of my project mapped out and am positive that I have the expertise to make substantial profits. Everybody needs to start somewhere and that is why I am asking.
Yours in renovating
The Renovator.
The Renovator | Renovators Delight
Hi Richard,
I will be providing the business name exposure and maintain total responsibility for the complete project. This includes all planning, costing, renovating, sourcing, insuring, organising and a massive investment of time. In light of this, I am seeking either silent investors or joint venture partners who are willing to fund the total cost of the project (maximum $400k) in return for up to 40% share in the profit return within a 12 week or less turn around time.
I have invested a great deal of time, money, energy and passion into getting the structure of the company and the specifics of the project plans organised so that every chosen property project runs as perfectly as possible and maintains a generous ROI.
Like you, I am also interested in knowing what other investors expect.
Yours in Renovating
The Renovator
The Renovator | Renovators Delight
