Latest / The Property Entrepreneurs Podcast with Alasdair Cunningham
Never Ask for Money: How to Approach a Joint Venture Partner
Many property business owners get nervous about approaching a joint venture partner. Alasdair explains why a joint venture is a blank sheet of paper, why he builds deals where everyone wins, and why he never asks an investor for money. He uses real and hypothetical examples to show how he presents an opportunity instead.
Aim for win-win: Alasdair says being stingy leaves investors with a sour taste, whereas fair deals bring repeat business.
Compare against bridging finance: He argues that once you add fees, solicitors' costs and set-up costs, bridging can work out at 15 to 20% or more, so…
The skinny
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