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Have you thought about joint ventures or JVs in property and how they might work?
Perhaps you don’t have the necessary time, knowledge or contacts to devote to property alone and would rather work with someone else?
Maybe you don’t have enough money to acquire property in the area where you have boots on the ground and where it might therefore make most sense to buy.
Or perhaps, it’d just be more fun doing it with somebody else…
Entering into a JV with a trusted friend or family member may be a viable option for you to start or grow your UK property business.
That’s what Michael Cheek and Laurence Garner did and, in this episode, they’re sharing the story of how they assembled a double digit portfolio of buy-to-let properties in Durham and Cambridge.
So if JVs interest you, and even if they don’t, tune in!
There’s lots of lessons for you to apply to your expat property story, whether you’re in partnership or going solo.
During the show, we discuss:
· Expat mortgage challenges
· Business bank accounts for expats
· Managing a UK property business business despite partners living in different locations
· Advantages and potential disadvantages of a partnership in property investment
· Factors for successful joint ventures, such as clear communication and written agreements
· Discussion of formal shareholder agreements and long-term planning
Episode 17: 300K Lost in a Joint Venture Deal
As a reminder, here are the details of where to meet other Expat Property Investors (For FREE!!!):
Hong Kong: The Urban Bakery in the Landmark Building in Central on the first Saturday of each month (Saturday S6th October, 2023) from 11:30 am
Dubai: Holiday Inn, Science Park on the first Wednesday of each month (Wednesday 4th October, 2023) from 7pm
Singapore: The Providore at VivoCity on the first Saturday of each month (Saturday 6th October, 2023) from 10:30 am
Keywords:
Mortgage process, Certified documents, Mail delays, Expats, Property investment, Stockton on Tees, Buy-to-let properties,
