An Easy Way To Set Up Joint Ventures

In this session I have invited my regular co-host, Jo Vadillo and also the founder of a company called My Property Circles, Nicola Mills. This is the brainchild of Nicola and it's an amazing concept. 

Nicola and Jo are going to be sharing with you how my property circles work, how the structures are set up legally, the costs, and lots of other information about how they work. So if joint ventures are on your agenda, stay tuned.

What we discussed in this episode:

• [00:23] Special event, “How to Adapt to a Changing Property Market”
• [01:48] Launch of Online Bootcamp
• [06:10] Nicola Mills and how My Property Circles started when planning for retirement
• [12:03] Nicola and Jo Vadillo having congruent view in women getting on the property ladder
• [14:10] Property Women’s role in sourcing the right properties for a property circle
• [15:42] The Bricks for Chicks program
• [22:23] Making sure a strong legal structure is in place
• [25:57] Flexibility, sharing the wins and risks
• [30:21] With a group of people coming together, there's a way that funds could be structured
• [31:09] The third party circle manager is in charge of financing and legalities
• [33:43] How My Property Circles manages the risks in joint ventures
• [39:30] Borrowing from equity and making it easier to invest in properties
• [40:29] Getting 4 properties in 5 years

 

Resources:

• How To Adapt To A Changing Property Market: https://www.theschoolofrenovating.com/change
• She Renovates Facebook group: http://theschoolofrenovating.com/FBSheRenovates
• Style Guide booklet: https://www.theschoolofrenovating.com/styleguide
• My Property Circles: https://www.mypropertycircles.com/
• Bricks For Chicks: https://bricksforchicks.com/
• Nicola Mills: https://www.mypropertycircles.com/our-team/
• Jo Vadillo: https://advocateservices.com.au/about-2/jo-vadillo/

Did this episode inspire you? If you have any thoughts or comments about the show, head over to She Renovates iTunes, and leave us a review. Also, don’t forget to subscribe, tune in, and share this podcast.

 

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