Podcasts about joint venture agreement

Lithium ION Energy Limited CEO Ali Haji joined Steve Darling from Proactive to announce a binding Joint Venture Agreement with SureFQ for the advancement of the Urgakh Naran lithium project in Mongolia. Under the agreement, ION will retain a 20% free carried interest through to commercial production, ensuring long-term participation in the project's success without additional financial commitments. SureFQ, a firm specializing in sustainable energy solutions and lithium resource development, will leverage its industry expertise and advanced extraction technologies to accelerate the project's progress. As a strategic investor, SureFQ focuses on developing high-potential assets that support the global energy transition. Haji told Proactive SureFQ will provide $5.5 million in cash considerations to ION over 4.5 years. The company has committed to $8 million in development expenditures for Urgakh Naran over four years. ION Energy will maintain a 2.5% Net Smelter Return (NSR) royalty in perpetuity, ensuring a steady revenue stream from future production. Haji emphasized that ION Energy is a proven Direct Lithium Extraction (DLE) operator, focused on deploying modular extraction capacity to optimize efficiency. This partnership positions Urgakh Naran as a key lithium asset in Mongolia, furthering ION's role in the global battery metals supply chain. #proactiveinvestors #lithiumionenergylimited #tsxv #ion #urgakhnaran #mongolia #lithium #IonEnergy #AliHaji #UrgakhNaran #SureFQ #MongoliaMining #LithiumExtraction #DLETechnology #BatteryMetals #EVSupplyChain #CriticalMinerals #MiningInvestment #ProactiveInvestors #JuniorMining

Magmatic Resources Ltd (ASX:MAG) managing director Dr Adam McKinnnon joins Proactive's Jonathan Jackson to provide an update on the company's exploration activities in the East Lachlan region of New South Wales. Following the Myall Project Farm-in and Joint Venture Agreement with Fortescue, Magmatic has intensified exploration at its Wellington North and Parkes projects. Planned activities for the second half of 2024 include mapping, soil and rock chip sampling, geophysical surveys, and both RC and diamond drilling. At the Wellington North Project, 232 soil samples from the Boda Southwest prospect have shown promising copper-gold anomalies near Alkane Resources' Boda 4 Prospect. The sampling included up to 0.92 g/t gold, with further sampling planned to confirm potential drill targets. An aircore drilling program at Lady Ilse was completed, comprising 64 holes totalling 598 metres, with assay results expected mid-July. Additionally, approvals for RC drilling at Rose Hill have been received, targeting mineralisation including 71 metres at 0.43% copper, 0.30 g/t gold and 57ppm molybdenum from previous drilling. For the Myall Project, a core and drill chip resampling program involving up to 75 holes is underway to expand geochemical and hyperspectral data coverage. This will aid in the detailed design of an upcoming diamond drilling program, which will consist of six holes, each 400-500 metres deep, in the greater Corvette/Kingwood region. The drilling is expected to be completed by the end of the year. At the Parkes Project, land access and exploration approvals are being completed for multiple gold and copper targets. Planned activities include soil geochemistry and IP geophysical surveys at Black Ridge, diamond drilling at Buryan and RC drilling at McGregors. On-ground activity is expected to commence this month, pending the necessary approvals. #ProactiveInvestors #MagmaticResources #ASX #ExplorationUpdate #MiningNews #EastLachlan #NSWMining #GoldExploration #CopperExploration #WellingtonNorth #MyallProject #ParkesProject #SoilSampling #GeophysicalSurvey #DiamondDrilling #RCPercussionDrilling #MineralExploration #GoldCopperTargets #LandAccess #ExplorationApprovals #DrillingResults #MiningProjects #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

Today's guest is Michael Wiener.   Michael Wiener, Partner at Greenberg Glusker in Los Angeles, focuses his practice on structuring real estate and corporate transactions in a tax-efficient manner and providing his clients with creative solutions to complex tax issues.   Show summary:  In this episode Michael Winer discusses various topics, including 1031 exchanges, California property tax, and partnership tax issues. Michael emphasizes the importance of consulting tax advisors early in the process and having a sophisticated team to handle all aspects of a transaction. He also shares his personal experience as an investor and the complexities of holding real estate through legal entities. The episode provides valuable insights into real estate transactions and tax implications.   -------------------------------------------------------------- The 1031 Exchange Challenge (00:04:37)   Understanding Taxable Boot (00:08:25)   Complex Math in Tenancy in Common (00:09:42)   The 11th Hour Panic (00:11:01)   Consult Your Tax Advisors Early (00:14:34)   Complexities of Partnerships and Separate Exchanges (00:18:59)   Passive Investing and Syndication (00:22:00)   Negotiating 1031 Exchange in Joint Venture Agreement (00:23:00)   Challenges of Distributing Cash from 1031 Exchange (00:23:59) --------------------------------------------------------------   Connect with Michael: Linkedin: https://www.linkedin.com/in/michael-wiener-50a8a73/   Web: https://www.greenbergglusker.com/michael-wiener/insights/.   Connect with Sam: I love helping others place money outside of traditional investments that both diversify a strategy and provide solid predictable returns.     Facebook: https://www.facebook.com/HowtoscaleCRE/ LinkedIn: https://www.linkedin.com/in/samwilsonhowtoscalecre/ Email me → sam@brickeninvestmentgroup.com   SUBSCRIBE and LEAVE A RATING. Listen to How To Scale Commercial Real Estate Investing with Sam Wilson Apple Podcasts: https://podcasts.apple.com/us/podcast/how-to-scale-commercial-real-estate/id1539979234 Spotify: https://open.spotify.com/show/4m0NWYzSvznEIjRBFtCgEL?si=e10d8e039b99475f -------------------------------------------------------------- Want to read the full show notes of the episode? Check it out below: Michael Wiener (00:00:00) - You sell $20 million of real estate that has $10 million of equity. You need to purchase at least $20 million of real estate with at least $10 million of equity, because you also see, some people will say, hey, well, I purchased the $20 million of real estate. I got a $12 million loan, and I just cashed out $2 million. And yeah, no, you did. That's great. But. It's taxable boot.   Intro (00:00:27) - Welcome to the how to Scale commercial real estate show. Whether you are an active or passive investor, we'll teach you how to scale your real estate investing business into something big.   Sam Wilson (00:00:40) - Michael Winer, a partner at Greenberg in Los Angeles, focuses his practice on structuring real estate transactions in a tax efficient manner and providing his clients with creative solutions to complex tax issues. Michael, welcome to the show.   Michael Wiener (00:00:54) - Thank you very much for having me, Sam. I'm really excited to be here.   Sam Wilson (00:00:58) - Absolutely. The pleasure is mine. Michael. There are three questions I ask every guest who comes on the show in 90s or less.   Sam Wilson (00:01:04) - Can you tell me where did you start? Where are you now? And how did you get there? Well.   Michael Wiener (00:01:10) - About ten years ago, I had my own firm. I was, uh, or just starting my own firm, um, doing some 1031 work, I. Wound up, uh, seeing an ad on the internet. I don't even remember what I was searching for. For an attorney to join a tax boutique in Century City here in LA. So I responded to the ad. Turned out it was a 1031 exchange specialty, um, firm. And, you know, basically based on my practice and some of the clients I was doing work for, we knew a number of people in common. Um, so I wound up joining that firm. It was a four person firm. A few years later, that firm was acquired by a slightly larger firm, and then that firm was in turn acquired by a larger firm. Um, and throughout it, I have to say, I'm really grateful my, uh, my traditional client base stuck with me throughout all the, uh, throughout all the firm uprisings.   Michael Wiener (00:02:15) - Um, and then from the larger firm, which was one of the largest firms in the world, um, I transitioned my practice with, uh, one of my partners and colleagues who have been with me since the, uh, since the smaller firm over here to Greenberg Luster, which was a, um, which was a better fit. I'd worked alongside Greenberg Lustgarten deals, both co-counsel and adverse for many years a phenomenal firm and, uh, and been here for about four and a half years. And I love every day of it.   Sam Wilson (00:02:45) - That's cool. And it's 1031. What you still focus on primarily?   Michael Wiener (00:02:51) - Um. Uh, I generally wind up dealing with tax issues related to the real estate industry, and obviously 1031 is a big part of that. The last, you know, four ish years, really, since 2018, qualified opportunity zones have, um, have become a bigger part of that. We also being here in California, we have to deal with prop 13, California property tax, um, and transfer tax issues and then also deal with um partnership partner, excuse me, partnership tax issues related to structuring um, joint ventures and and real estate investments.   Michael Wiener (00:03:35) - Um, and that then extends its way out to sort of syndicated tenancies of common and, you know, different ways of investing in real estate and being able to take advantage of all of the wonderful tax benefits of doing so.   Sam Wilson (00:03:51) - That gets really complicated really fast. For those of us that want to just go out and buy stuff and own and run real estate projects. You're a great complement to our to our team because the rest of us don't want to think about, you know, probably the things that you think about day in and day out, you know, specializing in this. I can only imagine. No, no, two days are the same would be my guess.   Michael Wiener (00:04:14) - Oh, no, two days are the same at all. Um.   Sam Wilson (00:04:18) - It's crazy.   Michael Wiener (00:04:19) - Every day is a unique challenge, and every day is another opportunity to learn. So what are some things?   Sam Wilson (00:04:27) - Let's talk. Let's talk. 1031 because you've touched on several things, and I know any one of these topics, we could probably burn the entire podcast, you know, going down that rabbit trail.   Sam Wilson (00:04:37) - But let's let's stay on 1031, because I would imagine that for the bulk of our listeners, that's probably something that is applicable. What what are some common challenges and what are some common misconceptions, maybe that you run into when executing a 1031?   Michael Wiener (00:04:55) - Well, the first thing that a lot of people forget about or just don't remember is that in addition to spending all of the money that you get from the sale of your relinquished property, you also have to replace your debt.   Sam Wilson (00:05:13) - And.   Michael Wiener (00:05:14) - You know, you see people from time to time who say, oh yeah, no, we completed our exchange. We sold a property for, you know, $20 million with $10 million of debt, about a $10 million, uh, property. This is very, let me say, very simplifying the facts. Fact pattern. Um. We bought a property with, um, with the $10 million. And, you know, we got this great deal. We only have to put $2 million, $3 million of debt on it.   Michael Wiener (00:05:42) - And we, you know, you know, huzzah! We, uh, we completed our exchange, and it's well known. Yeah. I mean, yes, you did complete an exchange, but you're going to have to. And it's very important to remember that that gets, um, especially tricky in a, uh, uh, tenancy and common context where you have multiple exchanges. Um, investing people, completing multiple exchanges, investing in the same property. And they have to, um, and they have to, you know, satisfy their debt replacement requirements, especially if they had different leverage ratios on their, um, on their up leg. And can wind up with a situation where you may need to invest some fresh cash in order to to equalize it.   Sam Wilson (00:06:34) - So let me let me see if if I can summarize what you said, you replace the one of the one of the things that's often overlooked is that you replace the debt and the equity. So if it's a $20 million property that you originally purchased and that was debt and equity, again, let's call it 10 million in debt and 10 million in equity.   Sam Wilson (00:06:53) - And then you sell that, you harvest, let's call it it was a breakeven deal. You harvest that 10 million in equity. You can't go out and buy a $12 million property with 10 million in equity and 2 million in debt. Exactly. You got to replace that debt.   Michael Wiener (00:07:07) - Well, you can you don't have to replace the debt per se, meaning you can add fresh cash. You have to go basically equal or up in value and equal or up in equity. Right. So, you know, if you you could put in $2 million of your own money, you know, not exchange cash or money that you raised from an investor and then just get an $8 million loan, and that's fine. But too many people overlook that, overlook that aspect of it.   Sam Wilson (00:07:38) - And that that is not an aspect of that. I even understood until right now. So not just to many people, but myself as well. Uh, so yeah, that, that that's really it has to be equal or greater.   Sam Wilson (00:07:49) - Price point.   Intro (00:07:50) - Period. Exactly.   Sam Wilson (00:07:51) - Then what you previously.   Michael Wiener (00:07:53) - Just if you sell, you know, using our fact pattern, if you sell $20 million of real estate that has $10 million of equity, you need to purchase at least $20 million of real estate with at least $10 million of equity. Because you also see, some people will say, hey, well, I purchased the $20 million of real estate. I got a $12 million loan, and I just cashed out $2 million. And yeah, no, you did. That's great. But. It's taxable boot.   Sam Wilson (00:08:25) - Right. And you call it boot b o o t.   Michael Wiener (00:08:28) - B o o t is what the term is generally called.   Sam Wilson (00:08:32) - Taxable boot. There's a new uh there's a new one. I'm going to put that in my newsletter.   Michael Wiener (00:08:37) - That's yeah called um generally defined as sort of money or other non like kind of property that you receive in a 1031 exchange.   Sam Wilson (00:08:48) - Right. And so you can do it, it's just you just have to know that whatever portion remains you're just going to get taxed on.   Michael Wiener (00:08:54) - Exactly.   Sam Wilson (00:08:55) - Right. Okay. And and maybe that's an acceptable, uh, you know, solution for some. You presented another wrinkle there that maybe um, just to again to, to hash it out again, you were talking about maybe, you know, let's use that $20 million example again. We'll see if I can if I can craft this correctly. But I sold that I owned it by myself. And then you sold another $20 million property. And together we were going to go in and buy a $40 million property. Right. But maybe your debt to equity ratio was different than mine was. And somehow you've got to get we can go in as tenants in common buying this now new $40 million property together both 1031 and into a bigger deal. But now we've got to figure out some sort of really complicated math as to how it's all got to work out.   Michael Wiener (00:09:42) - Well, like, you know, let's say, you know, we're going to go in and buy a, you know, a $40 million property with 20 million of debt.   Michael Wiener (00:09:50) - Um, and we're 50, 50 tenants in common. Right. But my. You know, leverage on my download property was, let's say it was very it was more highly leveraged. Let's say it was, you know, $15 million to just to take sort of an extreme example. Okay. When I go in. Um, to that, you know, $20 million property I have to figure out. Well, am I going to put in more cash? Um, if I do, I can put in cash to equalize it. Right. Uh, um, and, you know, that would be fine, but that requires me to come up with $5 million, you know, outside of, uh, you know, outside of the exchange, and, you know, maybe I can go shake the money tree or something, but, uh, you know, that's easier said than done.   Sam Wilson (00:10:42) - Right. And so you help clients when they get into these situations where especially I mean, 1 or 2 is complicated, but I imagine 810 on a much even bigger property than that.   Sam Wilson (00:10:51) - Yeah, it becomes a bit of a, uh, yeah, a bit of a process. You have some.   Michael Wiener (00:10:55) - Uh, pretty extensive Excel schedules, let's put it that way.   Sam Wilson (00:11:01) - Right?   Sam Wilson (00:11:01) - I bet you do. I bet you do. And when and when people get into these situations, like, do you find that they come to you at the 11th hour going, oh, crud, we didn't think through this and now we need help. Is that pretty common that happens.   Michael Wiener (00:11:16) - That's happened. Um, the you know, the good, the good clients, the, uh, the the clients who I've worked with for a long time, generally by now know to, uh, to get me involved early. But it is, let's just say, not uncommon for, uh, you know, people to come at the 11th hour. And, you know, we had one, you know, just. A year ago that I can think of where, you know, literally a week before closing, we had to restructure significantly the, uh, transaction.   Michael Wiener (00:11:52) - Um, the client scheduled it or structured it without tax advice. Um. With three tenants and or they had tax advice but not 1031 advice with three tenants in common. And you know, one was just a fresh cash tenant in common not exchanging one one with one or I guess the other two were exchanging and. Basically I, you know, took a look at it and within three minutes I said, oh, you're going to have, you know, $7 million of boot of taxable boot based off of not replacing your debt. And what we had to do was we wound up having to combine the fresh cash non exchange tenant and tenant in common, make that part of the exchanging tenant in common and that using those those numbers allowed it to uh allowed it to work and to get them to satisfy all the requirements. But you're talking about org charts already haven't been given to, um, to a lender. You're talking about documents already having been drafted and signed and having to go back to people and saying, well, you know, you were going to invest because for the people who are investing in the what I'm going to call fresh cash tenant and common.   Michael Wiener (00:13:15) - There are, you know, a set of expectations with regards to your depreciation and outside basis in your joint venture. And these are technical terms I know, but uh, but um, there are certain let's call it tax expectations that. You would expect to have when you are investing in, um, a non exchanging entity just in a straight real estate deal, in a straight real estate syndication. And those things change a bit when you're, uh, when you're coming into an entity, when you're coming into an existing partnership that is competing with 1031 exchange, there are different issues that you need to be mindful of. And and they can be worked out. But, you know, people need to be aware of them. And people need and, um, documents need to, you know, need to address them and reflect them. And, um, you know, doing all of that a week before closing is, you know, lots of fun. Uh.   Sam Wilson (00:14:20) - So is that what they call it?   Michael Wiener (00:14:22) - I would, um, I would strongly encourage people to, uh, to if you're doing a 1031 exchange, consult your tax advisors early.   Sam Wilson (00:14:34) - Consult them early. Absolutely.   Michael Wiener (00:14:35) - And especially early and early and often I would say. Right.   Sam Wilson (00:14:40) - And I would think, you know, on a single property, single investor, it's pretty it's pretty cookie cutter.   Michael Wiener (00:14:47) - Well, yeah, when.   Sam Wilson (00:14:48) - You get into stuff like this, the complication factor just rises, uh, you know, dramatically. So that's, that's really, really interesting. And how, how do you feel like when you're going back and dealing with legal? Because I mean, at this point, I imagine in this particular scenario, talking about like you're getting legal on the phone, you're getting everybody on the phone to go back and start redrafting all of this paperwork and making appropriate changes. How how is that interaction with, I guess, on the on the legal side of things like, is that a complicated or is that or is that a sticking point for you guys in your business, where sometimes the legal side doesn't understand what you guys understand on the tax side? Or how does that, uh, how does that work out for you?   Michael Wiener (00:15:29) - I mean, and that's an important, uh, an important point is that the clients need to have for these types of more, you know, sophisticated deals.   Michael Wiener (00:15:39) - You need to have a sophisticated team all around. And that means, you know, both tax and legal. So, so that when, you know, we go and we tell the legal team, well, this is what needs to be in the operating agreement. Um, and we get it back for review. That's actually in the operating agreement. They understand what we mean. They understand what concepts we're talking about, and they know how to draft those provisions. Um, and, you know, if need be, then I will go in and, you know, draft those provisions or correct them as necessary. Um, you know, as, as tax attorneys, we still do a lot of drafting.   Sam Wilson (00:16:21) - I bet you do. That's really cool. I love to hear the nuanced layers to things that are, I think, generally seen as pretty cut and dry, such as the 1031. It's generally like, oh, okay, well, we 1031, we bought one or we sold one, and then we bought another one and then we moved on down the line.   Sam Wilson (00:16:36) - But there's always, always another layer to, uh, to what it is we're working on. And it sounds like you, you go many layers deeper than what many of us oftentimes see. So anything else on the 1031 front, we should really highlight here that, uh, are things that either people get wrong, should be preparing for earlier, or are misconceptions anything else you want to hit on that front?   Michael Wiener (00:16:59) - Well, yeah. I mean, I think when people hold real estate through a legal entity, through an LLC, through a through a partnership, and if worse, through a corporation. Um, I'll get to that in a second. Uh, you need to people need to understand that it is that legal entity. It is the, you know, if you have a, um, so just by way of background, if you have a, a multi-member limited liability company, it is by default treated as a partnership for tax purposes. For tax purposes, if you have a single member LLC, it is by default treated as, um, treated as a disregarded entity for income tax purposes.   Michael Wiener (00:17:42) - In either case, you can elect to have that entity treated as a corporation for income tax purposes. That's very rare in the real estate, uh, industry. Um, but occasionally you see it. Um, and but the important thing is that it's that entity that is doing the exchange. So you have a concept called the same taxpayer principle, which I know, um, has been discussed on your show before. Uh. Which says that the. The legal, the tax entity, the entity for tax purposes. The taxpayer that sold the download property needs to acquire the uploaded property. And where that becomes tricky is where you have partners who want to go their separate ways. You know, they had a good run on the last deal, but now they say, well. We, um. We want to. We don't want to be together on the next deal. So to take, you know, the exact one or riff off of the example we were using. You know, you and I are 50, 50 members of an LLC that is taxed as a partnership.   Michael Wiener (00:18:59) - And, uh, we had a really good run, and we, you know, our our property did very well. And now we're going to sell it and say, okay, well what are we going to buy next? And, you know, I say, well, I want to go into industrial. You say, no, I want to go into multifamily or for any or, you know, occasionally you have people that just don't like each other. So I don't think that would happen with us. But, uh, um, uh, you know, for various reasons, there are any one of a number of reasons why, when they're selling the property, that people don't want to be committed to investing in the next property together and structuring those types of exchanges is very complicated. And it can be done. It can be done. There are several different structures and several different alternatives. Um, I can get into them if you'd like, but, uh, somewhat technical. Um. But that also requires consulting your tax advisors early and often.   Sam Wilson (00:20:03) - Right? No, I can only. And maybe even isn't for reasons. You know, it's not like the partnership fell apart. Maybe you, Michael, just don't want to. You don't like the property that we're 1030 running into or.   Michael Wiener (00:20:14) - Yeah, I mean. Exactly.   Sam Wilson (00:20:15) - You want to do something else, like. Well, you know that that was fun. We had a great run, but I really don't want to move on with the next ones. And now we got to figure out a way to, uh, for, say, or in.   Michael Wiener (00:20:24) - Some instances or in some instances, you know, let's say I had inherited my partnership interest in our thing and our LLC. And I say, well, because I inherited it, I have a stepped up tax basis. I'm not going to pay any tax on a sale. Right. I want to sell for cash. Right. Um hmm.   Sam Wilson (00:20:44) - Yeah. And that opportunity to get that stepped up cash out basis isn't going to happen once you 1031 to the next property.   Michael Wiener (00:20:52) - Exactly.   Sam Wilson (00:20:53) - It's got to happen now, right? That's interesting. I hadn't thought about that.   Michael Wiener (00:20:59) - I mean, so there are, you know, there are these situations which we deal with every day and there are about, you know, 20,000 different variations of these, uh, um, that we deal with every day. And, uh, and, um, you know, it's very, you know, it's very challenging. It requires a lot of cooperation. It's sort of like a, uh, you know, a three legged race, probably the ultimate three legged race you need to get, you know, you feel almost like a, uh, like a symphony, like conductor. You're like, okay, now I know you're doing this, now you're doing that. I know you're moving gear. Everybody needs to like, you know, move in concert. The documents. Um, and there are a lot of documents on these deals need to all be, you know, consistent. And then when it comes to filing the tax returns, tax returns need to be filed in a, uh, way.   Sam Wilson (00:22:00) - I didn't even think about that. So there's. I'll give you an example. I was I was a passive investor in a. This is probably more relevant to our listeners in a syndication. I was a passive investor in a syndication, and the deal went full cycle in like, I don't know, 12, 14 months. I mean, it was it was great. Everybody doubled their money, loads of fun. And so they said, hey, you know what? We should we should 1031 this entire syndication into the next deal. Except there were some of us that were like, ah, you know, I don't need to I don't like the Nick. And I in my case, I was one of those people said, I don't want to like the next deal, and I don't want a 1031. And I was an investor through a retirement account into that syndication. So I really don't care if I. 1031 it's it's a zero tactical advantage or tax advantage to me. And so that was really interesting.   Sam Wilson (00:22:50) - And again, I got to sit in the sidelines and kind of just watch it. You know, I just said, no, I don't want a 1031. And then of course, you know, I don't know the volumes of, of documents and paperwork and.   Michael Wiener (00:23:00) - No, but you know, what winds up, you know, what winds up happening as well there there are a few practical, uh, you know, points there. Most indications the syndicator is not going to give you the option. Right.   Sam Wilson (00:23:15) - They're going to say, you know, we are.   Michael Wiener (00:23:16) - Going to, uh, you know, we are going to. 1031 if it's something that you think you may want to do or may want to have the right to. It's important to start talking about that early, early, early, early in the process. Um, uh, because then you can negotiate things into your joint venture agreement. That will allow that. And the challenge, um, is that, you know, once the money, once the cash from the sale goes into the 1031 exchange accommodation account, and, you know, to some extent even before then, it's really in a lockbox.   Michael Wiener (00:23:59) - You can't use it to just, you know. I remember a one time appliance said, oh, and if we need more money for that, we'll just pull money out of the accommodate our accountant. I said, oh no, you won't.   Sam Wilson (00:24:11) - Um.   Michael Wiener (00:24:12) - Uh, first, most any accommodating that's, you know, really worth it won't let you. Right. Um. And even if they would. As your tax advisor, I wouldn't let you. Right.   Sam Wilson (00:24:27) - Right. No.   Sam Wilson (00:24:27) - Because then you negate all of the potential savings of even doing the 1031.   Michael Wiener (00:24:33) - You would blow your 1031 exchange. So you have to come up with a way. And there are ways of, um. You know, generating that cash. Sometimes it's they find another person to come and buy you out, and that person is going to take your place in the partnership. Uh, sometimes there is a, uh, a, um, a strategy that's used where the exchange of commentator will issue in a, in installment note, a promissory note to the partnership that is doing the, uh, the 1031 exchange.   Michael Wiener (00:25:10) - And the partnership can distribute that out to, um, to the investor that is being redeemed. If you're able to and you're able to do this on time, namely, before you really get into negotiating a purchase agreement, you can create a tenancy and common structure where the people who don't want to do their 1031 exchange get redeemed from the partnership in exchange for tenancy and common interest in the property. And they then sell the property, um, you know, in a taxable sale and, uh, and the, um, the people that are doing the exchange continue to just exchange.   Sam Wilson (00:25:47) - And I'm pretty sure that was what happened. It's been a few years, so I don't remember the specifics of it, but I'm pretty sure I do remember seeing something about ticks in there and some other things. And. It all worked out really well. Uh, but it was it was certainly interesting to see from the sidelines. We got about 60s left here. Michael. And I did want to get your thoughts on this real estate held in a corporation.   Sam Wilson (00:26:06) - You kind of gave a an indication that that was bad. Uh, break that one down for me if you can.   Michael Wiener (00:26:13) - Well, so first, there are just obviously two types of corporations for tax purposes. There's a C corporation and an S corporation. A C corporation is taxed as a separate person. So it pays a tax. And then when it distributes money, the investors or shareholders pay tax on what's called a dividend or a distribution. Um, an s corporation, the uh, the, the tax flows through to the shareholder. So you might say, well, how is an s corporation different than a tax partnership. That's also a flow through entity. And there are two primary differences. And that are important when it comes to real estate. The first is that. In, uh, in a tax partnership, let's say you and I put in $1 million into an LLC, and the LLC borrows, you know, $8 million, and we buy a $10 million property. We have a $10 million between us.   Michael Wiener (00:27:18) - Taxable basis each, a $5 million taxable basis. And we can take depreciation deductions on that for 5 million, including our share of the debt. If we were shareholders in an S corporation, we would not get basis for that share of the debt. So we would not be able to get deductions passed through to us on that 4 million, only on our 1 million. The second problem with corporations is that when you distribute appreciated property out of a corporation, it's treated as a taxable sale by that corporation. So these types of structures I'm talking about where people want to do different exchanges and create tenancy in common structures, or do or do anything that's really not possible with real estate held in a corporation. Because when you distribute that real estate out of the corporation, it's treated as though the corporation had a taxable sale of that real estate.   Sam Wilson (00:28:18) - That is interesting. I wish we had more time to dig into that. I've got lots of questions on that front. Michael, it has been a pleasure having you on the show today.   Sam Wilson (00:28:25) - If our listeners want to get in touch with you or learn more about you, what is the best way to do that?   Michael Wiener (00:28:29) - Go to Greenberg, glasgow.com. Um, you can email me at M Weiner. Weiner at gofundme.com or um, you can find my phone number on the website. I apologize, I don't remember what it is off the top of my head.   Sam Wilson (00:28:48) - No problem at all. We'll make sure we include all of that there in the show. Notes. Michael, thank you again for coming on today. I do appreciate it.   Sam Wilson (00:28:54) - Absolutely. Thank you very much for having me.   Sam Wilson (00:28:56) - Hey, thanks for listening to the How to Scale Commercial Real Estate podcast. If you can do me a favor and subscribe and leave us a review on Apple Podcasts, Spotify, Google Podcasts, whatever platform it is you use to listen. If you can do that for us, that would be a fantastic help to the show. It helps us both attract new listeners as well as rank higher on those directories. So appreciate you listening.   Sam Wilson (00:29:18) - Thanks so much and hope to catch you on the next episode.

Phil Carroll and Kevin Hornsby talk to Simon and Charles after the company confirmed the initiation of a lithium-focused Earn-In Investment and Joint Venture Agreement with Rio Tinto in Rwanda, as all required conditions have been met. Since the announcement of the joint venture on 1 August 2023, both companies have made significant preparations, including operational infrastructure setup and field operations commencement on the HCK Project. Rio Tinto will have the option to invest up to US$7.5 million in two stages, earning up to a 75% interest in the HCK Licence, exploring minerals crucial for transitioning to renewable energy. Shaun Day also makes an appearance to discuss the recent Haveiron update. As usual, there is a weekly round-up of the movers and shakers and a look at the biggest news stories of the past week. Disclaimer & Declaration of Interest The information, investment views, and recommendations in this podcast are provided for general information purposes only. Nothing in this podcast should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the commentator but no responsibility is accepted for actions based on such opinions or comments. The commentators may or may not hold investments in the companies under discussion.

Interview with Rob Edwards, Executive Chairman of Bluejay Mining PLCRecording date: 28th September 2023With multiple projects in Greenland and Finland, Bluejay Mining (LSE:JAY) offers both portfolio and commodity diversification focused on base and precious metals in Tier 1 jurisdictions.Bluejay, through its wholly owned subsidiary Disko Exploration Ltd., has signed a definitive Joint Venture Agreement with KoBold Metals to guide exploration for new deposits rich in the critical materials required for the green energy transition and electric vehicles (the Disko-Nuussuaq nickel-copper-cobalt-PGE Project).Disko Exploration Ltd holds two additional projects in Greenland - the 692 sq km Kangerluarsuk zinc-lead- silver project, where historical work has recovered grades of up to 45.4% zinc, 9.3% lead and 596 g/t silver; and the 920 sq km Thunderstone project which has the potential to host large-scale base metal and gold deposits. Bluejay also owns 100% of the fully permitted Dundas Ilmenite Project under its subsidiary Dundas Titanium A/S in northwest Greenland for which it will seek strategic alternatives. In Finland, Bluejay currently holds three large scale multi-metal projects through its wholly owned subsidiary FinnAust Mining Finland Oy. The Company has identified multiple drill ready targets at the Enonkoski nickel-copper-cobalt project in East Finland. Bluejay's Hammaslahti copper-zinc-gold-silver project hosts high-grade VMS mineralisation and extensions of historical ore lodes have been proven. The drill ready Outokumpu copper-nickel-cobalt-zinc-gold-silver project is located in a prolific geological belt that hosts several high-grade former mines. In August 2023, Bluejay successfully divested its Black Schist Projects in Finland to Metals One plc in a transaction worth £4.125 million (Bluejay currently owns c. 29% of the issued ordinary share capital of AIM listed Metals One plc).Learn more: https://cruxinvestor.com

Phil Carroll and Kevin Hornsby talk to Charles Bray and Simon Rollason regarding the news that Aterian has entered into a definitive Earn-In Investment and Joint Venture Agreement with Rio Tinto Mining and Exploration Ltd (RIO) and Kinunga Mining Ltd. The agreement aims to explore and develop lithium and by-products at the HCK Joint Venture project in Rwanda. Rio Tinto has the option to invest US$7.5 million in two stages to earn up to a 75% interest in the Licence, and the Project holds 19 identified pegmatite zones covering a 2,750-hectare area in southern Rwanda, benefiting from proximity to good infrastructure. This transformative deal showcases Aterian's ability to identify world-class deposits in critical minerals like lithium and highlights Rwanda's potential as a mining jurisdiction in the global electrification push. Disclaimer & Declaration of Interest The information, investment views, and recommendations in this podcast are provided for general information purposes only. Nothing in this podcast should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the commentator but no responsibility is accepted for actions based on such opinions or comments. The commentators may or may not hold investments in the companies under discussion.

Top 5 Most Read RNS's on Vox Markets for Friday 5th May 2023 1. Supply @ME Capital #SYME - Execution of first IM from traditional funding SYME announce the execution of the first IM transaction using traditional funding sources. Due to the seasonal nature of demand for the Client Company's inventory and fluctuating levels of inventory which it holds, the total value of the warehoused goods to be monetised is forecasted as follows: - €650k as an initial tranche; - €550k as a planned tranche, with a best endeavours commitment from both StockCo and Client Company to complete such planned tranche before 31 December 2023 2. Clontarf Energy #CLON - Update on Joint Venture Agreement and TVR Clontarf Energy plc announce all conditions precedent have now been satisfied with respect to the JV with NEXT-ChemX coming into force. In this regard, Clontarf has paid NEXT-ChemX Corporation US$500,000 and will now proceed with the issue to NEXT-ChemX of 385 million new Ordinary Shares in the capital of Clontarf, of which half will be subject to a 12-month lock in requirement. NEXT-ChemX has also provided Clontarf with US$500,000 proof of funds. 3. Bens Creek Group #BEN - Highwall miner update Bens Creek confirm that a second highwall miner has arrived, been assembled and has commenced operating. The machine was assembled and tested by Thursday, 4 May 2023 and will be fully operational today. 4. Alien Metals #UFO - Renegotiation of Mallina Acquisition Highlights · The Company will acquire Mallina Exploration. · The key terms of the agreement remain largely unchanged from that of the original agreement; however, the Company has negotiated the removal of the condition precedent relating to exploration drilling to earn the tenement interest. · Removal of this condition precedent allows the Company to focus on sterilisation drilling across the Miscellaneous Licence (E 47/3752) to enable access road construction. 5. EQTEC #EQT - Final Results Revenue and other operating income: €8.0 million (2021: €9.2 million) EBITDA loss before significant and non-recurring items: €4.9 million (2021: €3.8 million) Capital raise of £3.7 million (€4.2 million) through the placing of new shares Two loan facilities secured: one for up to £10 million (€11.3 million) and the other for £2 million (€2.3 million)

Top 5 Most Read RNS's on Vox Markets for Thursday 20th April 2023 1. Greatland Gold #GGP - Rudall Exploration Results Greatland Gold announce the results of its 2022 drilling programme at the 100%-owned Rudall project in the Paterson Province of Western Australia. Highlights § Hole RAD002 intersected 18.25m @ 22.0g/t Au including 1m @ 393g/t Au. Significantly, anomalous copper, silver, bismuth and arsenic assays were recorded within the broad, altered intersection § The hole ended due to drilling limitations and mineralisation is open at depth. 2. Arc Minerals #ARCM - Zambian JV Agreement Signed with Anglo American Arc Minerals has signed a binding joint venture agreement with a subsidiary of Anglo American plc in respect of its copper interests in North Western Zambia. Under the Joint Venture Agreement, Anglo American will have the right to retain up to 70% shareholding in the Joint Venture company based on previously announced exploration expenditures. 3. Canadian O'Seas Petr #COPL - Operations Update and Director Appointment Construction of the Company's Barron Flats Shannon Unit ("BFSU") $4.5 million high pressure gas gathering system upgrade to commence in April; o Procurement of long lead items for the BFSU gas gathering system upgrade and upgrades to certain BFSU wellsite facilities is underway. · Conversions of BFSU flowing wells to pumping-flowing wells have commenced; · The second Cole Creek Unit recompletion for Frontier 1 oil production will commence in Q2 2023; · Oil production is increasing as facility and winter/spring weather related issues are resolved; 4. 88 Energy Limited #88E - Project Leonis Acreage Awarded 88 Energy report that the Alaskan Department of Natural Resources has completed its adjudication process and formally issued award notices to Captivate Energy Alaska, Inc. (a wholly-owned subsidiary of the Company) covering the entire Project Leonis lease area. 5. Tap Global Group #TAP - Trading Update Tap reports significant financial and operational progress in 100 days since listing. Revenue: £1.16m in Q1 2023 (Q1 2022: £0.25m) Average monthly revenue up 347.5% in Q1 2023 to £385,000 (Q4 2022: £86,000) Registered users up 30% since Listing to 144,305 12 new cryptocurrencies listed on platform since Listing taking total to 39

Today we have been joined by Real Estate Investor & Coach - Sarah Eder who has built her real estate empire through joint venture partnerships!Sarah shared with us how she got into real estate starting by working in Property Management. She had boots on the ground experience giving her perspective as to what it meant to manage, own and operate rental properties. With only her skills and expertise to her advantage, Sarah began forming partnerships with people who understood the value she brought to the table and then started buying property after property. Sarah is a great example of someone being able to get into real estate investing with no money down to start and has great insights into how to buy real estate through partnerships and making joint venture agreements. Getting into real estate today is hard with all the changes that are happening to the real estate market. The Ontario real estate market in particular has show tremendous fluctuations and puts many investors at pause. But how do we overcome these hurdles?Sarah agrees that getting into  real estate investing through Joint Venture Partnerships is a great example of a method to overcome this barrier. If you want to know more about how to get into real estate in Canada by structuring real estate deals in a partnership to employ the BRRRR strategy or simply flip a house that can turn a profit, Sarah shares real insights as she has done this so many times before. Sarah emphasizes how you need to focus on YOUR worth and who YOU would want to invest in when deciding how to get others to invest with you. As they are not just investing with you as much as they are investing, IN YOU!But even if your questions are more fundamental, like; what is a joint venture in real estate? Or how do you make a Joint Venture Agreement? How are partnerships formed? What should we be looking out for when partnering in real estate? These are all excellent questions which get answered in this video. Don't forget to like and subscribe to our channel!If you would like to reach reach out to Sarah Eder :

Marvel Discovery Corp CEO Karim Rayani joined Steve Darling from Proactive to share news the company has signed a joint venture agreement with Carmanah Minerals Corp for interest in the Uranium Claims in the Athabasca Basin. Rayano telling Proactive Carmanah can earn a 50% interest in the Walker Claims in Saskatchewan by funding 1.5 million in exploration, paying 400,000 in cash payments and the issuance of 3.5 million shares and 3.5 million warrants. #proactiveinvestors #marveldiscoverycorp #falcongold #otcqb #tsxv

New Age Metals CEO Harry Barr joined Steve Darling from Proactive to share news the company has signed a farm-in/ joint venture agreement with Australian lithium and iron ore producer, Mineral Resources from Australia. Barr telling Proactive, Mineral Resources could earn up to a 75% interest in the company's Manitoba lithium division. Mineral Resources can pick up an initial 51% interest by completing 4 million dollars of exploration and development activities and 400,000 dollars in cash payments within 42 months from the Effective Date. #proactiveinvestors #newagemetalsinc #mineralsresourcesliminted #lithium #tsxv #otxqb #NAM

A joint venture is a great tool that can be used to go after bigger jobs or jobs outside your expertise. Setting one up can be complicated. This week, we're talking about how to set one up the right way using accounting best practices.Topics we cover in this episode include:The purpose of joint venturesFormal vs. informal joint venture agreementsDeciding on the details of a joint venture agreementWhy you should treat the joint venture as a separate entitySetting up your books for a joint ventureWhen things go wrong in joint venturesLINKSVisit the episode page at https://contractorsuccessforum.com/jointventureaccounting for more details and a transcript of the show.Find all episodes and related links at ContractorSuccessForum.com.Join the conversation on our LinkedIn page: https://www.linkedin.com/company/contractor-success-forum FIND US ONLINERob Williams, Profit Strategist | IronGateESS.comWade Carpenter, CPA, CGMA | CarpenterCPAs.comStephen Brown, Bonding Expert | McWins.com

A joint venture is a great tool that can be used to go after bigger jobs or jobs outside your expertise. Setting one up can be complicated. This week, we're talking about how to set one up the right way using accounting best practices.Topics we cover in this episode include:The purpose of joint venturesFormal vs. informal joint venture agreementsDeciding on the details of a joint venture agreementWhy you should treat the joint venture as a separate entitySetting up your books for a joint ventureWhen things go wrong in joint venturesLINKSVisit the episode page at https://contractorsuccessforum.com/jointventureaccounting for more details and a transcript of the show.Find all episodes and related links at ContractorSuccessForum.com.Join the conversation on our LinkedIn page: https://www.linkedin.com/company/contractor-success-forum FIND US ONLINERob Williams, Profit Strategist | IronGateESS.comWade Carpenter, CPA, CGMA | CarpenterCPAs.comStephen Brown, Bonding Expert | McWins.com

Guys, one episode before we reach the hundredth mark! I can't believe that we've already made such a huge milestone. And I am so thankful to all of you for making this podcast possible.    Back with us in this two-part series is no other than Pierre-Paul Turgeon. In this second part, we will plunge into gratitude, the mindset, and what it takes to become a successful real estate investor over the long run—handling multifamily investments and looking through its finite world. Pier will also teach us how to take massive action and stabilize properties in one swift move.     Here are some of the key takeaways in this episode: The finite world of apartment investing How Pierre-Paul transitioned from Joint Venture Agreement to Unanimous Shareholder Agreement Managing expectations and aligning your mindset into the business Why is it important to assess the physical condition of the property thoroughly? The Realm of Risk Mitigation in Multifamily Investments: How to mitigate the risk factors? Keeping the investing process simple And so much more.    Pierre-Paul Turgeon is the President of Matterhorn Real Estate Investment. As a former CMHC underwriter, he has analyzed hundreds of apartment deals. Paul has shared a great piece of unparalleled knowledge regarding multi-family residential real estate investment.  =====

Greatland Gold plc's (LON:GGP) most recent exploration update shows the company is advancing the potential size and value of the gold-copper orebody at its Havieron project. Chief executive officer Shaun Day tells Proactive London that every time the explorer drills at Haveiron it hits really good mineralisation. "Seven holes. Seven good intercepts," says Day, gives the team and shareholders confidence about "the continuity and the continuation of grade in this ore body." He's also confident that Greatland will deliver the pre-feasability study in the second half of 2021. The Havieron project is operated by Newcrest under a Joint Venture Agreement with Greatland and Day adds: We've got this beautiful opportunity to have a low risk start up with an incumbent operator."

Ellis chats with David Suda, the President and CEO of TerraX Minerals (TSX-V:TXR/OTC:TRXXF) about their 2020 Winter Drilling program at the Yellowknife Gold Project in Canada's NWT. We catch up with Dan Montano, the CEO of Zhittya Genesis Medicine about the company's FGF-1 drug designed to regrow blood vessels remediating Alzheimers, Parkinson's, Heart Disease, Stroke and more. Tim Termuende with Taiga Gold Corp (CSE:TGC/OTC:TGGDF) discusses his company's Fisher Property gold project in Saskatchewan. Ellis also speaks with David Watkinson, the President and CEO of Emgold Mining Corporation (TSX-V:EMR) (OTC:EGMCF)(FRA:EMLM) a gold, silver, and base metal exploration company focused on Nevada and Quebec. In this interview will we discuss the company's recent news regarding EMGOLD and Rio Tinto's (LSE:RIO) Kennecott Exploration signing an earn-in with option to Joint Venture Agreement for the New York Canyon Property in Nevada.

Ellis chats with David Suda, the President and CEO of TerraX Minerals (TSX-V:TXR/OTC:TRXXF) about their 2020 Winter Drilling program at the Yellowknife Gold Project in Canada's NWT. We catch up with Dan Montano, the CEO of Zhittya Genesis Medicine about the company's FGF-1 drug designed to regrow blood vessels remediating Alzheimers, Parkinson's, Heart Disease, Stroke and more. Tim Termuende with Taiga Gold Corp (CSE:TGC/OTC:TGGDF) discusses his company's Fisher Property gold project in Saskatchewan. Ellis also speaks with David Watkinson, the President and CEO of Emgold Mining Corporation (TSX-V:EMR) (OTC:EGMCF)(FRA:EMLM) a gold, silver, and base metal exploration company focused on Nevada and Quebec. In this interview will we discuss the company's recent news regarding EMGOLD and Rio Tinto's (LSE:RIO) Kennecott Exploration signing an earn-in with option to Joint Venture Agreement for the New York Canyon Property in Nevada.

Understand when a Joint Venture Agreement is the best strategy compared to a Limited Liability Company. They are completely different and have pros and cons.  Also, Mark and Mat lay out their weekly tax and legal tips in a fun interesting format. For more information and episodes visit: https://refreshyourwealth.com/

Understand when a Joint Venture Agreement is the best strategy compared to a Limited Liability Company. They are completely different and have pros and cons.  Also, Mark and Mat lay out their weekly tax and legal tips in a fun interesting format. For more information and episodes visit: https://refreshyourwealth.com/

Today everyone seems to be looking to buy, sell or form some kind of partnership or joint venture. Most of us understand that there is value in being able to share resources and even cross promote businesses. Whilst this might sound like a great idea at the time, we need to be extremely careful to protect our own reputation at any cost. Now more than ever, we are judged on the power of our own personal brand, in many ways more so than that of our business brand. Partner or joint venture with the wrong person or the wrong company and your reputation and that of your business can be damaged. In the past I have made this mistake. Fortunately, I learned a lot and I will never make that mistake again. The advice I can share with you for any situation is to give yourself an escape clause or some people may call it a "Shot-Gun Clause" in the Joint Venture Agreement. A shot-gun clause refers to as "You Buy Me Out or I Buy You Out". Means, the shareholder triggering the clause offers to buy the shares of the others at a specific price per share. The other shareholder(s) must then either accept the offer and sell their shares, or buy the triggering shareholders' shares at that same price. Alternatively, the clause can be structured so that the triggering shareholder offers to sell his shares at a specific price per share, and the other shareholders can then accept the offer or sell their shares to the triggering shareholder at the set price. When it comes to going into some kind of partnership or joint venture or really any kind of commercial arrangement, I offer the following strategies to avoid having it end in tears. 1. Before committing to any Joint Venture Agreement make sure to ask yourself if this relationship will be an integral alignment with you, your own values and goals. If not, then don't jump into it. 2. Be prepared to let the deal go if you are getting pressured into partnering with an organization. 3. Always do your due diligence on prospective partners. It is rare that someone will tell you any negatives, it's up to you to do your own homework. If anything looks fishy, it probably is. 4. Moving goal posts should set off an alarm. If you have agreed upon a certain course of action and your new partner organization wants to change the deal, be very concerned as to what this means. If they can't stick to the agreement at the start, things will only get worse. 5. Always plan for the Exit Strategy. Any new venture sounds wonderful in the planning stages and it gets exciting when you kick it off, but what happens if it doesn't go to plan? Fingers start getting pointed, promises get broken and the situation turns ugly. 6. Get it all in writing, even the worse case scenarios. It is surprising how often this is ignored. We don't live in a world where handshakes or even verbal agreements are honored. Get everything in writing, who will do what, by when, for how much and what happens if they don't. 7. Think back to any joint ventures or partnership arrangements that you've had in the past. What have you learned from them and what will you do differently next time? So these are some of the strategies, you want to consider before committing to any deal. To learn more on this topic, watch my Facebook Video here. If you want my help building your multi-million dollar portfolio, join my program 90 Days to $5K. Find out more about my program, here.  

There are so many reasons to work with a partner. It can be AMAZING working with your best friend or a colleague who you respect and admire, but it can be a sticky situation if one of you gets an itch to expand and you both aren’t on the same page. I know it’s not enjoyable to think about splitting up when you’re excited to work with someone else but trust me, you want to get clear about this part up front. Often a biz relationship is like a dating relationship – or even a marriage. You need strong and clear communication skills, the ability to have difficult conversations, and the desire to give each other the benefit of the doubt and work together for the good of whatever it is you’re creating. To make sure you’re forming the right business structure and relationship, there are 5 questions you definitely want to consider before working with a business partner around key areas of your business like finances, operations, and more.   In this episode Lisa shares: The 3 P’s of Business Relationships What you need to think about regarding finances What to consider about operations Why you need to talk now about the ownership of your content What type of business structure is best - a Joint Venture or LLC? The pros and cons of a Joint Venture relationship The pros and cons of forming an LLC together What happens if you want to stop working together Why a Joint Venture Agreement supports your sacral chakra Why forming an LLC is aligned with the third eye chakra Freebie:Download Episode 54 Tip Sheet Resources:Easy Legal Steps - download the first book chapter free! Episode 6 – When Do I Need an LLC? Episode 20 – 6 Reasons to Go Pro with an LLC or S-Corp Mentions: Traffic and Conversion Summit JJ Virgin’s Mindshare Summit Marie Forleo’s B-School Simplero Kajabi Infusionsoft Martha’s Vineyard Zoom Skype Amber Lilyestrom Stripe PayPal Do you still have questions about what you need to consider when coming together with your biz bestie or colleague to form a project or business together?  Feel free to reach out to me at clientlove@lisafraley.com. I’m always happy to help you however I can – or, of course, I can refer you to another attorney who can better assist you.  

On this episode we interview Jeff Breglio who is a Real Estate Attorney in Utah as well as an investor and is sharp as a tack when it comes to Creative Financing. We go over the current state of the market, best practices when using creative financing strategies, specifically what your contract should specify when buying Subject To properties and other disclosures you should use to protect yourself and secure your investments. We talk about using Contract For Deed's and what you absolutely need to know about litigation when utilizing this strategy. We talk a little about Asset Protection, and what creative financing transactions Jeff facilitates reguarley. Jeff also shares how to utilize Joint Venturing with Selller's as a creative strategy and how to secure your interest and what clauses your Joint Venture Agreement absolutely needs to have, and much, much more.

On this episode we interview Jeff Breglio who is a Real Estate Attorney in Utah as well as an investor and is sharp as a tack when it comes to Creative Financing. We go over the current state of the market, best practices when using creative financing strategies, specifically what your contract should specify when buying Subject To properties and other disclosures you should use to protect yourself and secure your investments. We talk about using Contract For Deed's and what you absolutely need to know about litigation when utilizing this strategy. We talk a little about Asset Protection, and what creative financing transactions Jeff facilitates reguarley. Jeff also shares how to utilize Joint Venturing with Selller's as a creative strategy and how to secure your interest and what clauses your Joint Venture Agreement absolutely needs to have, and much, much more.

Podcast Episode 111. My entrepreneurial client had found a 30-unit apartment building in Alberta for a very decent price, organized 15 people to put up the money, and closed on the deal. He did get a decent Joint Venture Agreement signed by all parties and then started managing. Fast-forward to seven years later and it looks like it’s time to sell. Sadly, one of the investors passes away. The deceased investor’s estate is now not nearly as cooperative as the deceased investor had been...

Podcast Episode 111. My entrepreneurial client had found a 30-unit apartment building in Alberta for a very decent price, organized 15 people to put up the money, and closed on the deal. He did get a decent Joint Venture Agreement signed by all parties and then started managing. Fast-forward to seven years later and it looks like it’s time to sell. Sadly, one of the investors passes away. The deceased investor’s estate is now not nearly as cooperative as the deceased investor had been...

  It's time to put the issue du jour to rest with a brief discussion of the #LeggingsGate situation (1:43). Once they're done poking fun at Lululemon, Vinay and Rohan move onto more pressing topics, namely Delta and Korean Air's proposed Joint Venture Agreement (8:30), which will (finally) give Delta the fortress hub of its dreams in North Asia, after years of head-wringing. And the transpacific partnership plot thickened further with American's new $200 million stake in China Southern Airlines (33:30), hopefully a sign that OneWorld will be able to ante-up its position in mainland China relative to SkyTeam and Star Alliance. Back home, Frontier has come clean with its IPO plans (44:40) which may be the poorest-kept secret of 2017.

Don was on episode 36.  Be sure to visit the show notes page at http://flippingjunkie.com/36 to download his Joint Venture Agreement. Don Costa, is a married father of 3 kids.  He has been in the real estate business for over 10 years.  He started Knocking on doors and wholesaling properties, and then quickly moved to flipping houses.   Currently his office is on track to do a 100 flips this year. Don is a networking machine!  He is on track to do more than 20 flips this year solely from his networking efforts.  Crazy! Networking as a real estate investor is one of the cheapest ways to generate leads and deals and is probably the least utilized method of all. Don mentions that he feels networking to be the best way to use Other People’s Marketing.  Many investors use Other People’s Money, but few use Other People’s Marketing. He calls all the marketing from other investors in his area and quickly asks if the investor is a wholesaler or a cash buyer. His conversation is then guided by whichever the investor mentions they are. If they are a cash buyer, Don wants to find out if they’d be interested in lending on a deal or joint venturing and splitting profits. If they are a real estate wholesaler, he wants to know how many deals they’ve done.  If they haven’t done many deals, he invites them to his offer and provides coaching.  This is awesome because he is building a relationship with a new wholesaler that could bring him deals for years to come. He even offers to do deal analysis for wholesalers so they know they already have a buyer at a given price.  This takes almost all the risk out of the deal for them…which is invaluable when you are new to this business. In this episode, we do a little role playing to see exactly what Don says when he calls real estate investors.  The insights are incredible. Listen to the episode to get the tips that have helped Don Costa to generate over 20 flip deals this year alone.

Listen as I talk again with Vanish Patel and learn how he earns a small fortune every month simply by joint venturing with a Web designer (who does almost all the "work" in the deal) and applying a simple mathematical formula with his copy of the Local Yellow Pages. This is some of the most fascinating information I have ever seen and I know you'll enjoy it. Joint Ventures are about understanding business markets. This simple yellow page secrets has the answers. Learning from Vanish will only train you to do joint ventures even better. This is an exclusive interview from Michael Senoff at www.hardtofindseminars.com.

Listen as I talk again with Vanish Patel and learn how he earns a small fortune every month simply by joint venturing with a Web designer (who does almost all the "work" in the deal) and applying a simple mathematical formula with his copy of the Local Yellow Pages. This is some of the most fascinating information I have ever seen and I know you'll enjoy it. Joint Ventures are about understanding business markets. This simple yellow page secrets has the answers. Learning from Vanish will only train you to do joint ventures even better. This is an exclusive interview from Michael Senoff at www.hardtofindseminars.com.

Listen as I talk again with Vanish Patel and learn how he earns a small fortune every month simply by joint venturing with a Web designer (who does almost all the "work" in the deal) and applying a simple mathematical formula with his copy of the Local Yellow Pages. This is some of the most fascinating information I have ever seen and I know you'll enjoy it. Joint Ventures are about understanding business markets. This simple yellow page secrets has the answers. Learning from Vanish will only train you to do joint ventures even better. This is an exclusive interview from Michael Senoff at www.hardtofindseminars.com.