The Creative BRRRR Strategies Podcast
Ready to succeed in the Real Estate Investing Industry? Join us at ‘The Creative BRRRR Strategies Podcast’ to learn about investment strategies; ask questions and get answers from our community of Creative BRRRR Strategies members; connect with investor-friendly power team real estate players; and so much more.
‘The Creative BRRRR Strategies Podcast’ aims to help its listeners “make more sales and earn higher commissions by learning directly from real estate’s top performers.”
You will learn from up-and-coming real estate professionals Nationwide.
Boasting guests Nationwide, we will aim to ask the questions that matter and implement strategies that will help listeners make more money in real estate.
The Creative BRRRR Strategies Podcast
S1E45 - Partnerships - The Good The Bad And Horror Stories In RE
Joseph discussed the importance of transparency and communication in partnerships, particularly in the context of real estate and asset-based lending. He underscored that poor partnerships could lead to significant financial losses. He stressed the importance of clear expectations and responsibilities for successful real estate partnerships.
Joseph emphasized the importance of being involved and informed in real estate investment partnerships, rather than delegating all responsibility to a reliable partner. He highlighted the need to assemble a competent 'power team' consisting of professionals like attorneys and accountants, and to carefully evaluate potential partners through background checks. Joseph also mentioned the potential downsides of partnerships, such as splitting profits, conflicting ideas, and tax obligations.
Joseph emphasized the importance of clear communication, transparency, and mutual respect in any partnership, stressing that these factors are the foundation of a positive relationship. He advised that partners should speak up immediately if they sense any issues and that all agreements should be put in writing and reviewed by an attorney.
Contact Our Sponsors
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Perkitech - https://perkitech.com/
Realty411 - https://realty411.com/
MB Capital Solutions - https://mbcapitalsolutions.com/
Joseph @ Lendmarq - https://www.linkedin.com/in/josephvscorese/
Contact Us
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Main Website - https://creativebrrrrstrategies.com/
Podcast Site w/ All Links - https://thecreativebrrrrstrategiespodcast.buzzsprout.com/share/
Email - info@creativebrrrrstrategies.com