Have you ever tried to invest in real estate? Are you already familiar with its refined nature, and do you already know that it’s the easiest way to become rich? Whether you’re new in real estate or an experienced investor, the time will come when you start thinking about a joint venture investment. For more information about the advantages of investing in real estate, you can find our other articles. Today, we are going to talk about the essentials of joint venture investing.
Reasons for passive investment
Before we dive into the topic, here are some of the reasons why you should consider investing passively in real estate.
● Stable income – when you invest in multiple projects, you get better monthly income, and it’s easier to become wealthy;
● You don’t have to work hard – you are making an investment and money goes directly into your pocket. That means you have a better work-life balance, more time for your friends and family, freedom to travel and enjoy life;
● Reduced risks of volatility – every business has hard times, and real estate is not an exception. If somehow one property does not have a sunny day today, another property will compensate and recover the balance.
Start with your family.
Finding the proper people for your real estate project is not an easy task, especially if you don’t know many investors. Building trustworthy relationships is an essential part; that’s why it’s a better idea to start with your family and friends. You might feel awkward talking about money, which is another reason you should start practicing with your family. Also, keep in mind that you are not a salesperson trying to sell a toothbrush or a chocolate box- you are offering them a chance to change their lives.
Use social media
Social networks, like LinkedIn and Facebook, might help you find potential investors. LinkedIn is a great way to meet successful business people. You can post publicly or send personal business emails to them. Sometimes you are not allowed to make a public announcement, but this is another story. Build a decent strategy to communicate with potential investors. Keep it short, be specific, and deliver clear messages to the recipients.
Build a deal box template
Potential investors will ask common questions about your project. Make sure you are well prepared for those questions. Develop a deal package template, which will have answers to all potential topics. Convince them you are the expert in what you do, and that you are knowledgeable on every particular aspect of the project. You must build trust. Say what you do, and do what you say. They need to be able to trust you to start a business relationship with you.
Conclusion
Raising money for real estate deals can be a challenging prospect. Start with your family and friends, use social media for building connections, and make sure you are well-prepared for every aspect of the project.
Invest Confidently with Shannon Robnett
By reading this blog you’ve began the first step in aligning your investment strategy with your personal financial goals. At Shannon Robnett Industries, we bring decades of experience structuring both types of opportunities, with a proven track record of helping investors build wealth through carefully vetted, tax-advantaged real estate projects.
Whether you’re seeking steady income through debt or long-term growth through equity, our team is here to help you make the right move.