Partnering for profit david campbell and jeff lerman
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Partnering for profit david campbell and jeff lerman

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To watch a video of this presentation visit: http://www.hasslefreecashflowinvesting.com/video/partnering-for-profit/ ...

To watch a video of this presentation visit: http://www.hasslefreecashflowinvesting.com/video/partnering-for-profit/

Every real estate deals needs:
-Cash and/or Credit and/or Equity
-Time
-Talent
-Strategic relationships
-Control of a great property

As a real estate investor, YOU don’t need all of these resources to create income. You just need the skill to assemble and manage a team who can bring all of the above resources.

As a former high school band director who became a multimillionaire through the vehicle of real estate, I am living proof that anyone can succeed if they cultivate lifelong relationships with the right partners.

This is one of the most unique, unprecedented times in real estate investing. Ever! There is strong evidence that QE3 has started (QE3 = economic policies to stimulate inflation) and levels of “for sale” housing inventory are shrinking to record lows. This is the best buyer’s market in our lifetime. Don’t sit on the sidelines because you personally don’t have all the resources to do a deal.

-Can’t find a property that makes economic sense?
-Can’t afford the down payment to buy new properties?
-Can’t get financing?
-Can’t find the time to invest in real estate?

Whatever your biggest real estate problem is, there is most likely one or more people who you can team up with to solve it.

Whatever your unique challenge may be. The answers are out there. You just need to be made aware of the possibilities.

In this sixty minute FREE webinar with professional investor David Campbell and veteran real estate attorney Jeff Lerman you will learn how to:

Develop relationships with strategic partners
Cultivate those relationships to acquire great investments
Invest without worrying about getting financing
Position yourself for incredible investment returns
Protect yourself from your partner’s problems
Structures your joint venture and document your deal
Minimize partner disputes and stay out of court
Avoid the securities laws completely
And much, much more!

MEET OUR WORLD CLASS FACULTY

David Campbell is a professional investor, broker, syndicator and developer who enjoys counseling clients on creative real estate investment strategies.

Jeff Lerman is “The Real Estate Investor’s Lawyer” and 2007 President of the Marin County Bar Association. Mr. Lerman has been featured nationally and locally on Fox News, CBS News and NBC News. Mr. Lerman will identify important legal issues that every partnership should discuss, agree upon and document before they seal the deal. Mr. Lerman’s experience not only with putting deals together but in handling partnership disputes through litigation will help you structure your deals to minimize future disputes.


For more FREE educational content, visist www.HassleFreeCashflowInvesting.com

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Partnering for profit david campbell and jeff lerman Partnering for profit david campbell and jeff lerman Presentation Transcript

  • www.HasslefreeCashflowInvesting.com Partnering for Profit… and How to Avoid the Pitfalls David Campbell Jeff Lerman Hassle-Free Cashflow Investing Attorney David@HasslefreeCashflowInvesting.com Jeff@LermanLaw.com
  • David Campbell - Founder Hassle-Free Cashflow Investing Former high school band director Self-made multi-millionaire Real Estate investor / developer / broker Financial educator / author / speaker Houses, condo-conversion, multi-family, winery, resort, office, retail, medical office, production home buildingFaculty Member: Investor Summit at Sea with Robert Kiyosaki www.HasslefreeCashflowInvesting.com
  • Jeffrey H. Lerman, Esq. Jeffrey H. Lerman, Esq. •Featured expert—TV, radio, newspapers •2007 President, Marin County Bar Ass’n. •“The Real Estate Investor’s LawyerTM” •Chair, CA Bar Real Estate Litigation Section •Chair, Marin County Bar Real Property Section •General Counsel, 2 RE syndication companies •30+ yrs experience •Real estate investor •Real estate broker www. RealEstateInvestorLaw.com
  • Disclaimers & Cautionary Notes Jeffrey H. Lerman, Esq.This educational seminar is not a substitute for gettingyour own legal advice. This webinar is offered with theunderstanding that the speakers are not offering legal orother professional advice. Any actions with regard to theinformation contained in this seminar should beundertaken only upon the advice and counsel ofcompetent legal and tax professionals. Receiving thisinformation does not create an attorney-client relationshipbetween you and the speaker.
  • Disclaimers & Cautionary Notes Jeffrey H. Lerman, Esq.This educational seminar is not a substitute for gettingyour own legal advice. This webinar is offered with theunderstanding that the speaker is not offering legal orother professional advice. Any actions with regard to theinformation contained in this seminar should beundertaken only upon the advice and counsel ofcompetent legal and tax professionals. Receiving thisinformation does not create an attorney-client relationshipbetween you and the speaker.
  • DisclaimerI’m not your lawyer. David’s not your advisor. You can’t sue us.
  • www.HasslefreeCashflowInvesting.com Profit ROI = Money + Time + Hassle More profit with less invested
  • www.HasslefreeCashflowInvesting.com Today’s VIPs (very important points) • Develop relationships with strategic partners • Cultivate those relationships to acquire great investments • Invest without worrying about getting financing • Position yourself for incredible investment returns • Protect yourself from your partner’s problems • Structure your joint venture and document your deal • Minimize partner disputes and stay out of court • Avoid the securities laws completely • SPECIAL INVITATION!
  • High School Band Director ($37,000/year) 1995-2005
  • My First Real Estate Purchase 2 bed / 2 bath condoStanton, CA (Orange County) Bought: $137k Sold: $197k 2000-2001
  • www.HasslefreeCashflowInvesting.com Bright avid’s Dandy D My ticket out of the rat race! 2002
  • Year: 2002www.HasslefreeCashflowInvesting.com nothing 1.5 acres freeway frontage nothing nothing $200,000 nothing Lake Elsinore, CA I-15 & Hwy 74
  • www.HasslefreeCashflowInvesting.com what I was thinking what my wife was thinking
  • Year: 2012 Costcowww.HasslefreeCashflowInvesting.com Staples 1.5 acres Lowes freeway frontage Walmart Home Depot 24 hr fitness $770,000 - Walgreens $1,200,000 Gamestop Starbucks $570,000 profit / $40,000 investment = 1420% ROI over 10 years = 142% annualized
  • Bought: $300k Bought: $270k Sold: $460k Sold: $420k Lake Elsinore, CABought: $275k Bought: $285k Sold: $450k Sold: $485k 2002-2004
  • Bought: $270k Bought: $290k Sold: $450k Sold: $460k Patterson, CA Bought: $275k Sold: ??????? 2004-2005
  • Jeff Lerman says to young David Campbell “If you find a good dealbring it to me and I’ll fund it.”
  • 30 unit condo conversion - Vallejo, CA Equity Partner + Hard Money Lender + Manager Bought: $3,000,000 Rehab: $600,000 Sold: $4,800,000 2005-2007
  • 30 unit condo conversion - Vallejo, CABEFORE AFTER
  • 30 unit condo conversion - Vallejo, CABEFORE AFTER
  • Sales entrepreneurDevelopment Capital Development of rental homes in Dallas-Fort Worth 2008-2012
  • DebtConstruction Leasing entrepreneurManagement Equity Distressed Strip Mall 2011-2012
  • Leasing / Anchor Tenant Construction entrepreneur Management EquityConversion from Bank to Medical Office 2011-2012
  • David Campbell on the teaching faculty of the Investor Summit at Seawith Ken McElroy- best selling author of ABCs of Real Estate Investing 2011-2012
  • David Campbell on the teaching faculty of the Investor Summit at Sea with Robert Kiyosaki - best selling author of Rich Dad, Poor Dad 2012
  • poll
  • May 21, 2012 August 3, 2012 “Why This May Be the Ideal Time to Buy Real Estate” “The real-estate sector, for the first time in years, is serving as a beacon of relative strength in an otherwise weak economy… Some of the worlds smartest investors, including Warren Buffett, are taking notice, placing big bets on a continued recovery in the housing market... [M]ost economists say the odds are good that real estate will be stronger over the next few years than it has been in the past few… That has caught the attention of many investors, including Mr. Buffett, who in February said he would buy "a couple hundred thousand" homes if it were practical… "Theres great opportunity in actually buying residential homes directly for investors who have the capital," … "Prices are clearly turning the corner, and housing affordability is the highest in a generation."
  • May 21, 2012 May 21, 2012 “Why This May Be the Ideal Time to Buy Real Estate” “If you were thinking about making a move on a piece of property, right now is possibly the best time…. … Although prices are still near 2003 levels, the signs of an impending resurgence are everywhere you look…. For Americans who either have cash to buy or a credit score good enough to obtain a mortgage, there’s still time to get a killer deal on real estate, but that window may be closing. If your finances can support it, now appears to be a great time to buy.”
  • What’s Holding YOU Back From Taking Advantage of What Could Be The Best Time In Our Lives to Invest?
  • What’s holding you back? poll
  • What’s holding you back?
  • Band Director Developer Syndicator
  • www.HasslefreeCashflowInvesting.com
  • Lerman Law Partners, LLP Jeffrey H. Lerman, Esq.
  • Profits Copyright 2004 © Lerman & Lerman – All rights reserved.
  • Diversification Copyright 2004 © Lerman & Lerman – All rights reserved.
  • Growth Copyright 2004 © Lerman & Lerman – All rights reserved.
  • TimeCopyright 2004 © Lerman & Lerman – All rights reserved.
  • FunCopyright 2004 © Lerman & Lerman – All rights reserved.
  • Connection Copyright 2004 © Lerman & Lerman – All rights reserved.
  • Accountability Copyright 2004 © Lerman & Lerman – All rights reserved.
  • Profits Copyright 2004 © Lerman & Lerman – All rights reserved.
  • Cheaper Copyright 2004 © Lerman & Lerman – All rights reserved.
  • Easier Copyright 2004 © Lerman & Lerman – All rights reserved.
  • Faster Copyright 2004 © Lerman & Lerman – All rights reserved.
  • Safer Copyright 2004 © Lerman & Lerman – All rights reserved.
  • CHeaperEasierFasterSafer Copyright 2004 © Lerman & Lerman – All rights reserved.
  • Copyright 2009 © Lerman Law Partners, LLP – All rights reserved.
  • Copyright 2009 © Lerman Law Partners, LLP – All rights reserved.
  • www.HasslefreeCashflowInvesting.com
  • Working with PartnersDeal-Time-Money-Credit
  • Working with Financing Partners
  • Working with Financing Partners
  • Forming Partnerships to Buy
  • Forming Partnerships to Buy
  • Some Partnering Pitfalls No written agreement Agreement written by non-lawyer Agreement written by inexperienced lawyer No oral agreement Communication breakdown
  • Real World Case Study• 2 partners• 3 real estate development JVs• 10 years• Multi-million dollar dispute• Primarily involved issues of how additional capital infusions should be characterized : loans v. capital contributions
  • Most Common JV Disputes Breach of fiduciary duties (good faith, care, loyalty) Whether partner has fulfilled promised commitments of time, money or effort Expulsion Buy-out amountsCopyright 2008 © Jemic Enterprises, LLC, A Delaware Series LLC, Investor Education Institute Series – All rights reserved.
  • Most Common JV Disputes Profit/loss allocation and distributions Admitting new partners Re-allocations due to changed circumstances Unauthorized actsCopyright 2008 © Jemic Enterprises, LLC, A Delaware Series LLC, Investor Education Institute Series – All rights reserved.
  • #2: What is the best form of ownership for you and your partner? • Partnership Form –General Partnership –Limited Partnership – Limited Liability Company • TIC –Advantage: allows partners to make different choices re 1031 on exitCopyright 2009 © LermanLaw Partners, LLP – Allrights reserved.
  • If you’re considering TIC……then each individual tenant in common again confronts the entity questionCopyright 2008 © Jemic Enterprises, LLC, A Delaware Series LLC, Investor Education Institute Series – All rights reserved.
  • #11: What If More $$ IsNeeded? Required or not? Caution: 3rd party creditors If required: – Who decides? – Procedure? – Timing? – Consequences if there is a cash call default? – Loan?Copyright 2008 © Jemic Enterprises, LLC, A Delaware Series LLC, Investor Education Institute Series – All rights reserved.
  • #11: What If More $$ IsNeeded (cont’d)? – To the entity? – To the member? – Terms? – At what point dilution?  At what point should the venture be terminated?  Consider representation and warranty reCopyright 2008 © Jemic Enterprises, LLC, A Delaware Series LLC, Investor Education Institute Series – All rights reserved.
  • 15 Other Key Questions Every Investor MUST Discuss With Their FuturePartner BEFORE Entering A Joint Venture…Or Else
  • A team of experts presents a 4-1/2 hour content-rich webinar (noback-end pitches; this was the MAIN EVENT) where investors justlike you learned cutting-edge strategies to:Find just the right strategic partner to meet your needsConvert your properties from problems into profitsAvoid foreclosureAvoid bankruptcySave your creditFind great investmentsInvest without worrying about getting financingInvest with bad creditPosition yourself for incredible investment returnsHow to use your self-directed IRA funds to invest with a partner
  • Plus, they learned the most common mistakes and how to avoidthem.Plus, essential techniques every investor MUST know whendealing with partners, including:How to protect yourself from your partners problems (includingpotential future bankruptcy!)Alternative structures for your joint ventureHow to minimize partner disputes and stay out of courtHow to document your dealHow to protect yourself from the "deadbeat" partnerHow to avoid the securities laws completely (this is NOT asyndication seminar)And much, much more!
  • Joint Venture Agreement Form (this form alone would cost you at least $1,000 if you paid me to create it)
  • Testimonials
  • Jeffrey H. Lerman, Esq. "The Real Estate Investors Lawyer“sm and 2007 President of the Marin County Bar Association Tom AndersonCEO and Founder of Pensco Trust Company, the countrys only single- service special asset custodian for self- directed IRAs. Stephen Moskowitz, Esq. Senior Partner, Law Offices of Stephen Moskowitz, LLP Robert Helms A national television and radio personality and real estate syndication expert
  • AGENDALerman Law Partners, LLP Jeffrey H. Lerman, Esq. Agenda  Business  YOU WILL Legal ABLE TO HEAR NOT BE Tax  THIS THROUGH YOUR COMPUTER  SPEAKERS! IRA MUST Using Your YOU CALL (641) 715-3222  1031 Exchanges AND DIAL  Q & A ACCESS CODE 613-149-968 Copyright 2008 © Jemic Enterprises, LLC, A Delaware Series LLC, Investor Education Institute 72 Series – All rights reserved.
  • BONUS #1 Free 15-minute Legal ConsultWith Jeffrey H. Lerman, Esq. (Value $120) nly 0 O st 1 1
  • www.HasslefreeCashflowInvesting.com Strategy consultation with David Campbell you’ll learn how to * Develop relationships with investor partners * Best practices for ongoing investor relations * Find & evaluate deals * Divide benefits between you and your partners * “Get out of the rat race” forming partnerships
  • BONUS #2 ACTION BONUS 30 minute follow up consultationwith professional investor David Campbell to brainstorm your plan into ACTION ly O n t 10 1s
  • 100% Satisfaction Guarantee If you are not satisfied for any reason, simply notify us within 30 days after your receipt and well give you a 100% refund. This does not constitute a guarantee, warranty, or prediction regarding your results. This is only a guarantee that you will be satisfied with the content of this educational product.
  • SummaryWHAT YOU GET WHAT IT’S WORTHYour 15-minute legal consult $120Your Action Plan Brainstorming Session $150Joint Venture Agreement Form $1,0004.5 Hours With Experts $1,600 TOTAL: $2,870 www.hasslefreecashflowinvesting.com/video/ partnering-for-profit
  • www.HasslefreeCashflowInvesting.com Q&A: Partnering for Profit David Campbell Jeff Lerman Hassle-Free Cashflow Investing Attorney David@HasslefreeCashflowInvesting.com Jeff@LermanLaw.com www.hasslefreecashflowinvesting.com/video/ partnering-for-profit