I have an LOI out on a small multifamily deal and plan to bring in a JV partner for the equity (~$370k). We have full intent to close, and I’ve already told the broker something along the lines of: “I’m not the money — I have a few partners who write the check, and I handle everything else.” That said, my usual JV partner is tapped out right now. If I hear back that the seller is good with the LOI terms, I’ll start more aggressively lining up a new partner. For those who’ve done JVs before — how do you typically handle that process so you can stay transparent with the broker and seller while still giving them full confidence you’ll close? I’ve done a syndication before, which is a bit different since LPs don’t see the property, so lining up capital on the backend was cleaner. Am I overthinking this? Should I just continue through the process like a syndication and line up a JV during due diligence, or should I have one locked before executing the PSA/OTP? I’m not opposed to wholesaling the deal if needed, but it’s in a submarket where I already own and know the rents extremely well — so ideally, I’d like to close and add to my footprint. Any thoughts/guidance would be helpful here, thanks.

I’ve been testing a couple different approaches to finding owners. First, I built a list manually (DFD → Google Maps search → county recorder → True People Search) and actually had some success getting in touch with people that way. The downside is it’s super tedious. I also tried Propstream with the free trial, pulled the max 50 leads, and skip traced them through Batch Skip. The problem is the export was messy, about 90% of the numbers were wrong, and each property came back with 3–4 different numbers. Has anyone found a good way to pull more reliable data? Or tips on how to clean up the messy lists I already have? How are you guys finding your owners?

Alex Hormozi just launched his new book! I bought 15 copies (because I’m a ‘fan boy’). I only need one. Which means I’ll be giving away 14 of them. Side note: if you haven’t read Alex’s “100M Offers or 100M leads” then you’re missing out. I’ve used 100M offers and attribute a lot of my success (sellers accepting my offer) to the scripts he provides. Literally. So. Much. Value. Be sure to sign up (link below) to for his upcoming launch. https://shop.acquisition.com/pages/register?via=nick72

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