Close More Deals with This JV Agreement Guide

Name: Close More Deals with This JV Agreement Guide
Uploaded: 2025-05-07T17:03:29+00:00
Duration: 1 min 39 s
Channel: Nathan Payne
Description: In this instructional video, Nathan Payne walks viewers through completing a joint‑venture (JV) agreement used by real‑estate wholesalers. He explains…

7 May 2025 · 2 min

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1:39

In this instructional video, Nathan Payne walks viewers through completing a joint‑venture (JV) agreement used by real‑estate wholesalers. He explains each section of the standard JV template: entering the LLC name, dating the document, specifying the purchase price of the property under contract, and defining the profit‑split arrangement (e.g., 70/30, 50/50, 80/20). Payne shows how to record the agreed‑upon number of days to close the deal, the property address, and how to handle seller‑minimum clauses—either by using a percentage split or by setting a fixed profit floor (e.g., “any amount above $60,000”). He then demonstrates where both parties sign and date the agreement. The video emphasizes that the process is straightforward and encourages wholesalers to start using the completed JV agreement to close more deals.

Chapters

Hey everybody, what's going on? It's Nathan Payne. I want to start today by showing you guys how to fill out the paperwork for a JV agreement. It's very easy. This is the main real estate or JV template that we use. You fill out your LLC here, how many days you're going to agree with the other wholesaler to be able to move their deal, today's date, your LLC name. This is to make it legit. We've never had to put money down if they do need it at the the title company, payable to the other wholesaler that has the contract towards the purchase price. Now, this would be the price that the other wholesaler has it under contract for, $50,000, if that's what they have it under contract for. And then you guys would split the profit of that deal, 70/30, 50/50, 80/20, whatever you agree on. And the next part, you just put again the period of days that you have to sell the property, property address. And it says seller agrees to a 50/50 split 70/30, whatever, of proceeds over and above price with your real estate company LLC, which would be whatever your LLC is called. Now, if you're not doing a split, then you could erase this and say, I've agreed with seller to make whatever is on top of $60,000. Let's say they have a $50,000. They say, hey, I want to make at least $10,000. So anything above $60,000, you can keep. So you'd put $60,000 and then you write, instead of the split, you would just say, hey, Seller has agreed we can make anything on top of $60,000. You'd sign your name, your LLC, date, and then you would have the other wholesaler sign. Very easy, very plain. Here it is. All right guys, let's go get some deals.