How do you conduct an effective Joint Venture (JV) in property investing? I chat with my colleagues, property expert John Howard and brand entrepreneur Tony Gimple, who are a wealth of information on the topic! Today's video is filmed on-site in Hampshire.👇👇LINKS AND INFO👇👇

// SUMMARY

In this video, we explore JOINT VENTURE (JV) TIPS AND TRICKS. It’s all about understanding the implications of a JV, particularly from a tax and contractual point of view.

// MENTORSHIP

If you're interested in working with me on a mentorship basis, join me at
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// INVEST

Invest alongside me in my development company Redbrick:
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// WHAT'S IN THIS VIDEO? - See below

1. WHY DO IT?

For property expert John Howard – who launched his Joint Venture Fund last year – it’s all about THE PROFIT:
👉 John: "If the outcome of the partnership doesn't put meat and potatoes on the table, what's the point?"

Brand entrepreneur Tony Gimple agrees 100%, but also highlights another big importance:
👉 Tony: “It's extremely important to know WHO you're going into business with. You are hostage to their fortunes. It's really about a) What happens if things go wrong… Can you get out of the deal, even if market conditions change? And b) What's going to happen if the person on the other side of the deal falls off their perch?"

Here, John explains what can happen in these scenarios using an interesting analogy, comparing problems in the JV process to a restaurant losing their chef.

2. THE PERFECT JOINT VENTURE PARTNER

How do these experts analyse the track record of the people they’re going to work within a JV?

👉 John: “The SIMPLEST deals we've done so far with JV partners, are with first-timers – where it's their first development – because if someone already owns the property and wants us to refinance it, things become a bit complicated. The simplest partnerships are the best. You want to partner with someone who is aspirational, who has found a good deal, who comes to us for funding assistance, and who comes to us for advice. They are the perfect joint venture partner.”
👉 Tony: “It's all about the chemistry upon meeting the person.”
👉 John: “If you don't like the person, don't go into business with them. If a first date is bad, It'll only go downhill from there!”

3. TAX IMPLICATIONS and A FINAL WORD

Tax implications depend on how the deal is structured from the get-go:

👉 Tony: "It depends on whether you'll be taking dividends, whether you'll be taking profits, and whether there'll be losses (which sometimes can be carried forward). The key, again, is to ensure that you have the right advice from the beginning, working with a power team of surveyors etc. A team that John can offer.”

👉 John: “Start the process off properly and professionally. With our joint venture structure, whoever we JV with owns the shares in the property 100%. We invest our money into their company. It's their business. That makes it much simpler than setting up shareholder agreements. It's all about skin in the game. We need to know they're not going to walk away.”

// MENTIONED IN THIS VIDEO

Tony is a panel expert on propertysummits.com [ Ссылка ], a series of high-value masterclasses and debates to deliver an unprecedented level of expertise and value to those who attend. A highly educational platform, propertysummits.com brings you the REALISTIC news… Not only what’s IN the news.

// WHAT TO WATCH NEXT

👉 The Nitty-Gritty of Development Finance: Top Broker chats funding, lending & more!
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// YOUR QUESTIONS

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I'm Nicholas Wallwork, CEO of propertyforum.com and Redbrick.

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