Comments on: The Eight Common Questions that Joint Venture Partners Ask – Part Two http://www.firstrentalproperty.com/the-eight-common-questions-that-joint-venture-partners-ask-part-two/ Providing knowledge to help you buy your first rental property Sat, 27 Aug 2011 17:31:11 -0500 http://wordpress.org/?v=2.8.6 hourly 1 By: neil http://www.firstrentalproperty.com/the-eight-common-questions-that-joint-venture-partners-ask-part-two/comment-page-1/#comment-196 neil Mon, 08 Feb 2010 03:08:02 +0000 http://www.firstrentalproperty.com/?p=354#comment-196 Hi Peter, I appreciate your feedback. This is a page I took out of the book of Arlen Dahlin, one of North Americas leading joint venture experts. When I first heard about this strategy, I felt the same way that you do. However, as time passed and I studied joint venture strategy more, I began to understand why Arlen recommends this. Let's make one thing clear, not showing your joint venture partner the rental property is in no way an act of deception. Bottom line. Rather, what the real estate expert brings to the table is expertise and knowledge on real estate investing. As such, recommending to not show the joint venture partner is a strategic move in order to help remove emotion from the decision making process. Real estate experts know that emotion has to be removed from the real estate investing equation. They have learned this through practical experience. Asking someone who is not well versed in real estate investing to remove their emotion from the process is a much more difficult task. Also, the real estate investor/expert bring to the table, time. Time is the most important variable as it is non renewable. All other variables, such as money are renewable. Thanks again for the comment Peter. Regards, Neil. Hi Peter,

I appreciate your feedback.

This is a page I took out of the book of Arlen Dahlin, one of North Americas leading joint venture experts.
When I first heard about this strategy, I felt the same way that you do. However, as time passed and I studied joint venture strategy more, I began to understand why Arlen recommends this.

Let’s make one thing clear, not showing your joint venture partner the rental property is in no way an act of deception. Bottom line.
Rather, what the real estate expert brings to the table is expertise and knowledge on real estate investing. As such, recommending to not show the joint venture partner is a strategic move in order to help remove emotion from the decision making process. Real estate experts know that emotion has to be removed from the real estate investing equation. They have learned this through practical experience. Asking someone who is not well versed in real estate investing to remove their emotion from the process is a much more difficult task.

Also, the real estate investor/expert bring to the table, time. Time is the most important variable as it is non renewable. All other variables, such as money are renewable.

Thanks again for the comment Peter.

Regards,
Neil.

]]> By: Peter http://www.firstrentalproperty.com/the-eight-common-questions-that-joint-venture-partners-ask-part-two/comment-page-1/#comment-188 Peter Sun, 07 Feb 2010 04:36:38 +0000 http://www.firstrentalproperty.com/?p=354#comment-188 Interesting article. However, I do not agree your NO to "Can I see the property before we buy it?". Your analogy is not correct - Telus stock price does not depend on the receptionist, wall color, location of the office, but real estate does. Real estate price depends on location, curb appear, floor layout and even sometimes interior color. I don't see why an investor is not allowed to see the place. An investor has to put up his down payment and credit for risks, but what is there for a "real estate expert" to lose (other than time?!) Interesting article. However, I do not agree your NO to “Can I see the property before we buy it?”. Your analogy is not correct – Telus stock price does not depend on the receptionist, wall color, location of the office, but real estate does. Real estate price depends on location, curb appear, floor layout and even sometimes interior color. I don’t see why an investor is not allowed to see the place. An investor has to put up his down payment and credit for risks, but what is there for a “real estate expert” to lose (other than time?!)

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