Re: JV PARTNER OFFER Q & A

Answers to Your Questions from Mike Kahn, Golfmak, Inc.
January 29, 2010
Answering Your Questions:

(NDNC AND 1% Finder's Fee Agreement Link at the bottom of this page)

NOTE: Below is a compilation of questions I have received in the past week. I posed them to my source. The answers came from them. Diligence is recommended.

Q: Is this offer for real?

A: I'm told these people have been investing this way for a dozen years. To my knowledge, it is a legitimate JV offer. A project must include real estate, be financially viable, and clearly defined. There are at least 15 items to be completed in the application, plus a business plan, a financial pro-forma, and resumes of the principals. It can be well worth the effort.

Q: Will they JV projects outside USA?

A: Canada has been confirmed. They have offices in the UK and Mexico, which suggests their interests are likely global.

 

Q: What is this source?

A: Our source is via the primary facilitator for the JV Partner. Facilitator is a division of an Equity Group in Boston. The actual investment group is a consortium of about 200 attorneys formed to invest in real estate. They have been in existence for over twelve years and have completed many projects.

 

Q: How will I know who they are? Do they have references I can verify?

A: We are assured this JV group is completely transparent. Upon a favorable review of your project they will arrange a conference with you (the principal) and outline how they will proceed. If all goes well, they invite you to meet them face-to-face. At this time they will provide you with all their information, plus references.

Q: It says it's a 5 year JV. What happens after 5 years? Do I have to pay them off?

A: As indicated to me by my associate, the JV may be renewed at year five for another period (likely 5-years). As majority shareholder it will be entirely your decision. [It seems to me if the project is highly profitable your JV partner would love to keep it going.]

Q: Will I need to pay any fees?

A: You saw in the original message, they require a retainer of $15,000 - but NOT until both sides agree to the deal. If not, you fold your tent and move on. It will be entirely your decision. I'm told you will get to review full disclosure before you put up a dime.

Q: Do you get a fee?

A: Yes. A Finder's Fee of 1%, which you pay us if successful. You'll need agree to pay us the 1% finder's fee based on the total amount of the JV partner's investment into your project. The finder is only paid if you are successful in establishing a JV partnership. You will need to sign an agreement with us to proceed - link: NCND.
Q: How do I begin?

 

A: You will need to acknowledge and return a non-circumvention, non-disclosure, finder's fee agreement with your signature before we begin the process and identify the facilitator. To speed up the process, get a PDF copy at this link NCND.
Q: Has anyone responded to this offer?

 

A: We have been swamped with replies. At least four already fully completed applications will be submitted early next week. Requests range from $6 million (a golf course) to over $200 million. The JV Partner has already expressed sincere interest in the first four projects and have planned their first conference calls with the principals.
Q: Have you had one completed?

 

A: Nope. It's new to me. But I'm relying on sources I've been associated with for many years.

DISCLAIMER: Information here was provided by others and should not be relied upon without further diligence.