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by Colm Dillon
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dosen't matter how many pages are in the JV Agreement, or what the words say to prove that you are "RIGHT," ... as far as YOUR Brother-in-Law is concerned, you are a 'expletive deleted.'
Just thought I'd get that out of the way!! OK?
One more thing ... doing a JV with a rich person, when you are many levels poorer then them, is also not smart.
Why?
Well, in simple terms, when 'push comes to shove' money rules ...
The golden rule says, He who has the GOLD, RULES.
Also, if the rich guy tell you not to bother with a JV Agreement ... he appears to be saving you money ... tempting eh? ... what he's really doing is taking away your legal rights.
Yep, you'll have less rights than an employee. If that's the deal ... better to be an employee!
In my my ebook I emphasise the importance of getting the Structure Work of the business organised - you will build a much better development business from a secure foundation.
When you are doing your interviewing of the associated professionals, try to see if they, personally, have any entrepreneutial tendancies.
They may have land, houses, houses for renovation etc but don't have the 'TIME' or 'SKILLS' to do the work themselves.
Don't come out and ask them straight away ... follow my ebook, do the work you want to do; that is assessing them ... but keep your antenna out for any signs of a common interest.
OK, back to getting hold of some land.
Get to know the local real estate agents; I mean know them well.
Remember what I say in the ebook.
Call in and |
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