WHAT is a Joint Venture?
Simply put, it is a legally binding agreement to do a particular business deal together. In real estate, generally one partner has the money, and one has the real estate expertise.
A Joint Venture can be between two or more people with varying levels of experience, assets and knowledge.
Joint Ventures are very popular in Real Estate because they allow investment flexibility and people of varied experience levels to work together.
It is important to know that a Joint Venture is for one specific deal only, and often confused with a business Partnership, which can exist for many business purposes.
WHY would I do a joint venture?
Joint Ventures are an excellent way to take advantage of the wealth building power of real estate without being an expert.
By partnering with a team like Merrimack Property Group (MPG), investors benefit from years of real estate investing knowledge. A joint venture with MPG ensures investors long term revenue stream secured by real estate.
Investing in real estate with the MPG team is an excellent investment.
WHO are Joint Ventures best for?
A joint venture is great for anyone who wants to be invested in real estate with direct control of their investment.
Many people know that Real Estate can be a great long-term investment, and an outstanding way to build real wealth. However, 98 percent of the population lack the expertise to get involved. Partnering with a knowledgeable real estate entrepreneur is an excellent way to get into real estate investing.
Qualified investors with varying levels of expertise use joint ventures. Each Joint Venture is unique to the partners, so careful planning and alignment of investment goals are always critical.
Are real estate joint ventures a way to get rich quick?
No, however they are an excellent way to build long-term wealth.
At Merrimack Property Group, LLC (MPG) we buy distressed properties that give us instant equity and strong cash flows to help safeguard our investor’s money. Our investor’s capital is always the first cash to be paid out of every deal, and an investor’s interest is always secured by real estate instruments such as first position liens.