Why You SHOULDN’T Do A Joint Venture | Simon Zutshi

Learn the latest property investing hits and tips by downloading the weekly Property Magic Podcast for free here: https://property.isrefer.com/go/podca... In this property education video, Simon Zutshi, author of Property Magic, founder of the property investors network (pin), and successful property investor since 1995 shares why you should think twice about a Joint Venture Property Investment UK. He begins by explaining how in his Property Development journey he has been involved in a lot of Joint Venture Property. Whilst he has achieved some amazing results with a Joint Venture Agreement, other JV Property deals haven’t worked out as well perhaps due to not picking the right Joint Venture partner or not communicating properly. Simon stresses how this video is mainly to alert you why you shouldn’t do a Property Joint Venture from a financial point of view. After giving a Joint Venture Meaning to those who wonder What Is A Joint Venture, he highlights that he understands the benefits if you are investing and run out of money. Yet he also wants you to think about how much a Property Joint Venture UK is actually costing you, giving an example of a £160,000 3 Bed house which is then converted to a 5 Bed HMO, this eventually leads to over cost of £250,000 being involved in the Joint Venture Property Development - once the value also goes up. Simon stresses how JV Property Management does involve working with someone for 5-10 years to then pay them a lot of profit, whereas you could put effort into finding people who will just lend you the money through Private Loan Property. The best approach is to move away from Joint Venture and familiarise yourself with Private Loans where you can own the full asset instead. Learn the latest property investing hits and tips by downloading the weekly Property Magic Podcast for free here: https://property.isrefer.com/go/podca...