Why a joint venture?
The answer is simple: if you want to buy into a good deal, and you don’t have the capacity in one way or another to complete it, then finding a joint venture partner can provide the missing link to enable you to close the deal. It will mean that you’ll have to share the proceeds of that deal, but our philosophy is that we’d rather have 50% of something than 100% of nothing. In short, joint ventures can accelerate the potential to grow your property portfolio faster. Joint venture partnerships have been fantastic for us. They’ve allowed us to accelerate the growth of our property portfolio when we had little or no more equity to use as deposits to buy property. The biggest issue that we had in growing our portfolio was equity. Having started with only $12,500 in our back pocket seven years ago, we needed to buy high capital growth properties so that we could revalue them six to 12 months later, draw out the equity and use it as a deposit for our next purchases. The problem we had, howev
