HMO Success Podcast Episode 3 : Doing Your Due Diligence on a Joint Venture Partner

It’s likely that at some point you’ll run out of money to invest with. If you’re considering a Joint Venture, where you raise money from other people to invet with, there are some core considerations to take into account. 

Here are some brief notes from today’s episode:

What are the reasons for the partnership? 

What type of investor do you want / need?

Check the FCA 13/3 guidance

 

How long do you want to invest together for?

Project by project is different from long term relationship

 

How do they make a living right now?

How much money do they have? A few documents to check through: 

Payslips

Evidence of income

Bank Statements

Company tax return

 

What is their business experience

What is their property experience

Do they have other assets? 

Disclosure - confidential

Heads of terms

NDA