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A JV in real estate wholesaling is when two wholesalers team up: one has a contract on a property but no buyers, the other has the buyer network. You split the profit 50/50 with whoever brings the buyer to close the deal.
A JV in real estate wholesaling is when two wholesalers team up: one has a contract on a property but no buyers, the other has the buyer network. You split the profit 50/50 with whoever brings the buyer to close the deal.
What's JV? JV stands for joint venture, and in the context of wholesaling real estate, it's where you partner with another wholesaler to help you sell a deal. So let's say I get a deal under contract, but I don't have any buyers for it. So I go over to JoJo the Patriot because he has buyers, and I say, hey, you want to help me sell this deal? I'll give you 50% of the profit if you can find a buyer. That's what JV is.
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