Real estate investing is exciting when you’re just getting started. Real estate is all you can think about and all you can talk about. Your enthusiasm rubs off on others and you instantly start attracting people that want to lend money on for deals, partner with you on properties, joint venture with you on aspects of your business, etc.

The problem is that when you’re so excited, it’s hard to imagine anything EVER going wrong. Why would you need anything more than a handshake and verbal agreement?

Sure, you may be laughing as you read this, but you’ll see… when it comes time to putting a joint venture together, you’ll be eager to get moving along and you just might make this critical real estate investing mistake… and it COULD wind up costing you tens of thousands of dollars, friendships, and worse. Read the full story

Here, you’ll find must-have forms that you can use when you’re speaking to sellers, evaluating deals, and working with other people in the business.

To download the forms, you’ll need to mouse over the link and “right-click” and “save as”

	Seller Call In Worksheet (Right Click & Save As)
	Property Selection Grid (Right Click & Save As)
	Marketing Tracking Sheet (Right Click & Save As)
	Evaluating Creative Financing (Right Click & Save As)
	Target Market Worksheet (Right Click & Save As)
	Standard Contract for Purchase & Sale (Right Click & Save As)
	Joint Venture Agreement (Right Click & Save As)
	Acquisition Spreadsheet (Right Click & Save As)
	Closing Process/Critical Dates (Right Click & Save As)
	Customary Closing Costs (Conventional) (Right Click & Save As)

I can remember back years ago when I was getting started in real estate with my first business partner and long time friend. We heard the warnings. We read all the horror stories of partnerships gone bad. And then… we decided that we were different and our situation was “different”!

You see, we’d been friends for years before, had started several different businesses together and had lived and worked closely for the past 5 years. So all those bad things that happen to other partnerships surely wouldn’t happen to us.

Plus, we were going to make sure we did things right! We were going to set up a business entity. After going back and forth from attorney to CPA; LLC to S corp, we eventually settled on the S Corp. It was cheaper and since we couldn’t find any conclusive reason not to, we dove in and were now 50/50 partners in our own business.

A few years later after our adventure began, we found ourselves in litigation and in an ugly battle! So, why did things take such a turn for the worse?
Read the full story