Property Development and Letting Specialists in Derbyshire and South Yorkshire
Joint Venture Buy to Sell Projects
Overview
Are you interesting in buying, renovating and selling property but don’t feel you have the time or expertise to do so? If yes, a Joint Venture with Lovellets Properties may offer significant reward.
We like to agree the principle of working together on Joint Venture projects well in advance of us both getting excited about a specific deal. So, if doing one or a number of Joint Venture Buy to Sell Projects with us interests you, please get in touch to have an initial conversation.
We will talk through the likely financial scale of any project, timescales, and discuss most of the usual risks inherent in a Buy to Sell project, so that we can under- stand how our Joint Venture partnership would respond to a blip in a property project – the joy of property ensures that this does occasionally occur. We generally like to start with a smallish project, which allows us both to get comfortable with the working relationship, before we ‘rinse and repeat!’
This can be a highly profitable method of working with us for you. Please note, due to the introduction of Financial Conduct Authority (FCA) Ruling13/3 we do need to ensure your situation allows you to take part in Joint Ventures. We therefore will require you to complete some paperwork for verification.
We are acting in good faith with the intention of making a profit, but we cannot guarantee the profit deliver, due to the variable nature of buying and selling property.
Joint Ventures; How it Works
Usually the investor (you) will own the property. You fund the purchase and the cost of refurbishment. The property will usually be a deal sourced by us and bought by you via our V.I.P. Group Membership. You pay the reservation fee as normal to secure the deal, and upon exchange the balance of the sourcing fee. This sourcing fee forms part of the costs to be deducted from the final profit, on a 50/50 basis.
We sign a legal agreement outlining the terms of the Joint Venture. Lovellets Properties places an RX1 at Land Registry on the property.
We manage the sourcing, refurbishment and sale of the property, with regular communication to you.
The property is sold with the profit share split on an equal basis after all costs.
Joint Ventures; How it Works
Sources the Deal
Appoints you your solicitor and brings the deal to Legal Completion
Identifies works needed, chooses right refurb team for the project, and manages the refurbishment, along with staged payments
Dresses the property for sale
Appoints the right Local Estate Agents and conveyances the sale till purchase
Maintains cost spread sheet and updates to you
Split the profit 50/50
You
Pay for the purchase of the property, through cash or cash and formal funding
Pay for the formal funding requirements such as survey and fees, if needed.
Pay the monthly costs associated with the property whilst under development, such as gas, electricity, council tax and water rates
Pay the fixed price build costs to TGPC Development account in advance of build starting
Responsible for all finance costs
Split the profit 50/50
Owning a Share Accommodation House
How shared houses
work ...
Help Us (and You) Grow!
Why Invest with Us?
High Returns
Returns on Investment
Experience & Knowledge
Confidence and Experience
Secured Investment
'Recession-Proof' Investments
Transparency
Open and honest about your financial investment
