You may have a great real estate investment project in mind, but without sufficient credit experience the financing may be out of your reach.  Needless to say, working with someone else’s credit requires a high degree of trust, integrity and a well-written partnership or joint venture contract.   How can you create a contract using someone else’s credit to make the deal work?

Your prospective partner or joint venture associate wants the project to be worth their risk, and they need protection of their assets.  What can you offer to make the project worth their while?  Common contract terms include…

• a greater share of the profits;
• first claim on assets and cash in case the project suffers reverses;
• their name on the title to the investment property;
• collateral in the form of another asset that isn’t part of the project in case of financial problems.

Working with another party to complete an investment deal can be rewarding for all involved.  When the other party puts their own credit on the line, a greater profit share, title to the property and collateral can help gain their trust and make the project worth their while.  Trust, integrity and a solid contract between you and your business partner can lead to profitable real estate investment projects.

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