Returns for Joint Venture Property Partners
I have a portfolio of ‘vanilla’ BTL properties with 70% mortgages on interest only basis. I have have come to a point where my investment fund is dwindling and there is no more equity to release.
I’ve got two potential investors asking about armchair investment with me and I have two potential properties in mind. Both would involve purchasing with 70% BTL mortgages, refurbishing and re mortgaging or taking further advances to 70% LTV. The JV partners would get their money back at the end of a year or monthly at a very good rate.
I’d be interested in what others are offering though.
I’m looking for about £20k investment from each of them for each deal and have all the legals covered. My problem is that both deals mean that although they get THEIR money back with interest and the monthly cash-flow will be good for me, my money will still be left in. That effectively prevents my next purchase and meeting my goals.
Ideas welcome, also how much detail to give them.
Thanks
Sue
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Member Since December 2013 - Comments: 13
1:26 PM, 7th February 2014, About 12 years ago
Interest only. Im actually thinking Im about to offer them too much for too little so am going to have a think, before I put anything on paper at all, I’d like to build a relationship with these guys. As of today I have an offer accepted on my next property so I can show them a real live example
Will get back if I go ahead, and Id be interested to know why ‘never again’!
Sue
Member Since January 2011 - Comments: 12193 - Articles: 1395
1:48 PM, 7th February 2014, About 12 years ago
Reply to the comment left by “Sue Whittle” at “07/02/2014 – 13:26“:
The “never again” story is a long one and quite private so not for posting on a forum. Needless to say I lost a lot of money to somebody I thought was a friend.
With regards to the interest rate, why not ask them what they think is a fair rate?
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Member Since August 2017 - Comments: 1
9:51 AM, 18th August 2017, About 9 years ago
Reply to the comment left by Mark Alexander at 03/02/2014 – 13:07
Hi Mark,
I am a small bridging company looking to expand and would be really grateful if you could hook me up with investors I can offer very good returns and excellent security or maybe we can do something together?
would love to hear from you.
Abraham
Member Since January 2011 - Comments: 12193 - Articles: 1395
9:57 AM, 18th August 2017, About 9 years ago
Hi Abraham
You might like to consider writing up some case studies and publishing them as sponsored articles.
Please see the link below.
https://www.property118.com/house-rules-business-sponsorship/
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