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JOINT VENTURES
We Can Also Partner With You
If the numbers make sense, we can set up a joint venture partnership with you. In addition to being local hard money lenders, our team is comprised of actual investors and developers who have collectively completed hundreds of real estate projects (all within the DC Metropolitan area).
This is a great option for heirs who have inherited property and not sure which direction to go, investors who are tapped out but have a great opportunity on their hands, or wholesalers who want a bigger share of the projects they bring to the table.
Joint Ventures: Welcome
Our Advantage
We know and understand the DC Metropolitan market.
What We Will Do For You
Provide working capital for your project
Manage the project from beginning to end
Free up your time to pursue other projects
Bring valuable knowledge and experience to the table
We Can Partner With You On
Residential Rehab Projects
Commercial Projects
Condo Conversions
Development Projects
Areas of Interest:
Washington DC, Maryland, and Virginia.
Please note we prefer “off market” properties with significant equity or that are being acquired at a discount. Properties found on MLS, sent out via mass e-mail, or that being purchased at retail value (or close to retail) will typically not qualify for our joint venture program.
Know someone who might be a good joint venture candidate? Introduce us. We pay referral fees. Have questions about our joint venture program?
Contact us at (202) 570-7050.
Most Common Joint Venture Scenarios
“I’ve got a great deal under contract but I’ve got too many other projects going on.” (or) “I’m getting a really good deal on this house but don’t have enough cash to close on it.”
Solution:
We provide funds for purchase, we make repairs, and we’ll share the profit once property is sold. You don’t have to amend contract or assign to us. Title can be taken in your name.
Call us for details.
“I own this property but it’s in terrible shape. I keep paying taxes and fines and I don’t have the money to fix it.” (or) “I’m about to lose my property in a tax sale because I can’t afford to pay the lien.”
Solution:
We can potentially pay off the mortgage, pay the back taxes or liens, finance all the repairs, and put the property up for sale. Once sold, we share the proceeds. Title stays in your name. On occasion, we may hear, “But I want to keep the property. I’m just not interested in selling.” No problem. We can set up a grace period that allows you enough time to refinance and pay us off. Remember: property will be renovated. Therefore, getting financing will be a lot easier.
“I own a vacant lot but don’t have the money to build anything right now.” (or) “I’ve been trying to sell my land for a while but I keep getting real low offers.” (or) “I own land but don’t know anything about construction.”
Solution:
We evaluate land for highest and best use and put up the money for construction (and pre-construction expenses, if applicable). We’ll hire the surveyors, appraisers, architects and builders. We’ll take on the headaches of dealing with city inspectors, zoning boards and obtaining permits. Bottom line: we’ll get the project built and divide the profit between us once it is sold.
“I own a multi-unit building and would like to convert the units to condos.”
Solution:
We can evaluate feasibility (zoning, market trends, etc.), obtain condo docs, supply the funds for construction, use our professional crews to handle the work, and when units sell, we divvy up proceeds.
“I bought a property to fix up but ran out of money before I could finish repairs.” (or) “I can’t complete my project and now face foreclosure because I can’t pay the bank.”
Solution:
We can step in and provide money to continue the project and manage it until completion (we can even make loan current and service it monthly under the right circumstances). We all partake in the profit once it is sold. Want to keep property? We’ll give you time to refinance and pay us off.
Joint Ventures: Text
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