an azreia sub-groupfiles.meetup.com/11067002/partnership powerpoint sep 27.pdf · 2. wholesale...
TRANSCRIPT
Tucson Real Estate Investor Networking Club
Partnerships
September 27, 2016
BY CRAIG BARTON
AN AZREIA SUB-GROUP
CRAIG BARTON
* 2004 - 2006 Manufactured Homes (land home packages) * 2007 First Wholesale deal and my first Flip * 2008 Educated on subject to, lease options, owner carry * 2008 - 2011 flipped REO’s took properties with owner carry * 2011 to present work all marketing strategies.
Real Estate Investor
Partnerships
Overview:
• Business Partnerships • Joint Ventures • Our experience
Business Partnership
1. Marketing 2. Acquisition
3. Finance 4. Project Management 5. Property Management
6. Sales 7. Business Development
Developing your roles:
Accountability:
1. Map out "Role" Chart 2. Be specific not ambiguous. 3. Weekly Meetings 4. Web based task management 5. Communication
BENEFITS
1. Volume
2. Bigger Projects
3. More contacts
Structures
• LLC / Operating agreement
• Joint Partnership agreement
• Joint Venture agreements
• Trust agreements
Joint Ventures
• Access capital
• Reduce Risk
• Shorten learning curve/ expertise
• Access to more deals
• More resourced
Benefits:
Leveraging Partners Assets
Skills Contacts
Money Staff
Systems Knowledge
Products
Three Legs of a JV Real Estate Deal
• Deal
• Money
• Rehab
Implementing a Joint Venture
• Set Clear Goals • Roles expected of Partners • Plan and create an agreement • Contributions and reward
2920 E Drachman St
Deal + Rehab + Sale = Craig (50% equity) Complete Funding (no interest) Eric (50% equity)
Money Partner
9421 E Deer Trail Pl.
Deal + Rehab + Sale = Jim (50% equity) Complete funding (borrowed 15%) = Craig
1302 N Craycroft Rd.
Deal + Rehab + Management = Craig (75% equity) Money + Refinance = Parvez (25% equity + 50% monthly income) Purchase $55,000 + $25000 rehab Refinance (purchase price $130k-sold to Parvez ) 25% down was giving back to Parvez ) $97,000 balance (+$5000)
Partnership
1302 N Craycroft Rd.
Sold again $139,900 $9000 down (75%- 25%) $300 cash flow (50/50) Closed 2016 $38,000 profit (75% -25%)
Sold on land contract $135,0000 $25000 down (75% - $25%) $300 Cash Flow (50/50) Buyer lost the home
3560 S Jester Ct
Deal + Rehab = Contractor Doug (50% equity) Better deal on rehab Funding + sale (borrowed 15%) Craig (50% equity)
1160 N Corinthian
Deal + legwork (Mark 50% equity) Assessment/Negotiation +Funding + Sales (Craig 50% equity)
PARTNERSHIP PROGRAM ( $2500 deposit +1 year contact)
Active Partnerships 1. Apprentice requires $2500 deposit from you and is guaranteed back on your first deal; we teach you to find deals, support and close on everything you find splitting profit 50/50 for 1 year. 2. Wholesale We’ll buy your wholesale property, cash, lease option, subject to. 3. Split 50/50 You find deal and fund 30% of Acquisition price, we fund 70% (borrowed at 15%) and do all the work. 4. Lender We’ll borrow from you on our safe long term cash flowing properties · 6% plus 50% equity (5 years or more) · 8% for long term (5 years or more) · 12% to 15% on short term properties 5. Joint Venture We find property, you fund the whole deal with cash up to 85% LTV we split monthly and/or equity profit.
Go to FlipWithCraig.com to apply.
BidOnHomeNow.com ASecureInvestor.com FlipWithCraig.com 1EZBuyer.com 1EZSeller.com
Thank you
CRAIG BARTON
BidOnHomeNow.com ASecureInvestor.com FlipWithCraig.com 1EZBuyer.com 1EZSeller.com
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