If you’re looking for a new creative way to renovate for profit without making the huge investment of a property, Rachel is here to help with her wealth of knowledge and experience with seller JVs.
WELCOME TO SEASON 5 | EPISODE 6
How to succeed at seller JVs
with Rachel Bickerton
WHAT IN THE WORLD IS A SELLER JV?
A seller JV is a joint venture with the owner of the property. They can be structured in many different ways depending on your style and skill and the owner’s wishes and are a creative way of renovating for profit.
IN THIS PODCAST WE ARE TALKING ABOUT
Today on the show I’m chatting with another amazing member of the BuildHer collective, Rachel Bickerton. Rachel has an extensive career from arts and drama through to real estate and since moving back to Australia, after working in New York, she has had incredible success with a number of seller JVs.
Let’s explore the first seller JV Rachel did in Brisbane to understand the strategy. The owner’s had the original property valued and Rachel then came in and spent $50,000 on a renovation, made the property look spectacular and used her real estate agent skills to market the property. The property then ended up selling for an extra $500,000! Rachel took back what she spent on the renovation and then her and the owners split the profit.
The owners didn’t have to invest any of their own money upfront or lift any fingers and they ended up walking away with an extra six figures in their bank.
Rachel shares her experience of seller JVs and how she structures them with the owners to make incredible profits. But, remember, you don’t always know what you’re walking into with older buildings so you have to be careful. Rachel shares her journey working in an older apartment building where there wasn’t much room for profit and ended up having an expensive gas leak that needed to be repaired immediately.
Rachel Bickerton is here to explain all of the ins and outs of seller JVs, how the market trends impact on the projects you choose, the importance of contracts and building trust with the owners and how it can be super profitable for both the owner and you.
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LINKS MENTIONED IN THIS EPISODE:
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The DevelopHers Masterclass Program – Women Building for Profit!
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