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HBO and The Ringer's Bill Simmons hosts the most downloaded sports podcast of all time, with a rotating crew of celebrities, athletes, and media staples, as well as mainstays like Cousin Sal, Joe House, and a slew of other friends and family members who always happen to be suspiciously available.
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Yo, what’s up, fam? Today, we’re diving straight into the nitty-gritty of filling out a JV agreement – and trust me, it’s super simple! I’ll walk you through the main template we use, so you can get it all legit without breaking a sweat. We’re talking about what to slap down on paper: your LLC, dates, profits, and all that jazz. By the end, you’ll be ready to snag those deals like a pro. So, let’s roll and get you set up for success!
How to Fill Out a JV Agreement in MINUTES! 📝 (No Legal Help Needed)
Visit https://www.paynelessflipping.com to learn how to do real estate deals the payneless way!
Alright, folks! Nathan Payne is in the house, and he’s about to drop some serious knowledge on us. Today, we’re diving into the nitty-gritty of filling out a Joint Venture (JV) agreement for real estate deals. If you’ve ever felt lost in paperwork, don’t sweat it! Nathan breaks it down so simply that even your grandma could do it (no offense, grandma). He starts by showing us the main template that’s basically his go-to for these agreements. The first step? Pop your LLC name in there and jot down how many days you’re agreeing to work with another wholesaler. Easy peasy, right?
Then, Nathan gets into the meaty stuff – like how to deal with the purchase price. If the other wholesaler has a contract for, say, $50,000, you’d just split the profit however you both agree, whether it’s 50/50 or maybe you’re feeling generous with an 80/20 split. He’s got all the angles covered, like if you wanna do a straight-up deal without the split, just write down what you agreed with the seller. It’s all about keeping it legit and straightforward. By the end of the episode, you’ll be ready to tackle those deals like a pro. Let’s get out there and make some money!
Takeaways:
- Filling out a JV agreement is super easy, just follow the simple steps we laid out.
- You need to put your LLC name and the date to keep things legit and official.
- Splitting profits can be flexible, whether it's 50/50 or whatever you both agree on.
- Always make sure to sign and date everything, keep those docs in order for smooth sailing.
- If you don't do a split, just agree on a minimum price and keep the rest, simple as that.
- Don’t stress it; once you get the hang of it, paperwork becomes a breeze!
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