HOW TO FLIP A HOUSE USING JV WITH SELLER WITHOUT HAVING MONEY

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One technique to flip a house without your own money for a down payment is to do a Joint Venture with the seller.

I have used this strategy before where I entered into a financing agreement with the seller. They funded the renovation, I managed the renovation, and we split the profits. It was awesome.

Multiple Ways to do a Joint Venture

There are two fundamental different ways you can setup a joint venture to flip a property with no money down.

The first way is to have a 3rd party partner on a deal to supply the cash for the project. This is probably the most common way but it requires a partner with deep pockets.

The other way is to partner with the seller of the house. This is a format of owner financing. This is the type of joint venture deal we are talking about in this article. Lets dig into this strategy a bit further.

The Joint Venture Agreement

Some items that could be considered: – What happens when purchase price plus rehab is less than sale price – What happens when rehab budget goes over

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