Master Your Role:

What Every Working Partner Must Know to Succeed in a Joint Venture

As the Working Partner, you’re the engine that powers the deal.
You don’t need the money you bring the hustle, the strategy, and the execution.

The Working Partner Mindset

Before we get tactical, remember:
Your Money Partner is investing not just in the deal but in you.
They’re counting on your drive, organization, and transparency.
Deliver that, and you’ll never struggle to find funding again.

— Corey Young, Investor Life Co-Founder

Key Responsibilities Checklist

Deal Discovery

  • Source potential properties through MLS, off-market leads, and referrals.

  • Identify opportunities that fit your JV’s agreed strategy (flip, BRRRR, rental, etc.).Bullet List 3

  • Conduct initial due diligence and market analysis.

Deal Analysis

  • Run detailed financial models (ARV, renovation budget, ROI, cash flow).Bullet List 2

  • Use tools like the Property Analyzer and Flip Calculator to back every projection.

  • Present findings clearly to your Money Partner before purchase decisions.

Communication & Reporting

  • Share renovation timelines, budget tracking, and milestones.

  • Provide weekly or bi-weekly progress updates.

  • Keep your partner informed no surprises, no assumptions.

Renovation & Project Management

  • Oversee contractor quotes, scheduling, and quality control.

  • Track invoices, manage change orders, and ensure cost efficiency.

  • Keep the project aligned with agreed timelines and budget.

Key Responsibilities Checklist

Deal Discovery

  • Source potential properties through MLS, off-market leads, and referrals.

  • Identify opportunities that fit your JV’s agreed strategy (flip, BRRRR, rental, etc.).Bullet List 3

  • Conduct initial due diligence and market analysis.

Deal Analysis

  • Run detailed financial models (ARV, renovation budget, ROI, cash flow).Bullet List 2

  • Use tools like the Property Analyzer and Flip Calculator to back every projection.

  • Present findings clearly to your Money Partner before purchase decisions.

Communication & Reporting

  • Share renovation timelines, budget tracking, and milestones.

  • Provide weekly or bi-weekly progress updates.

  • Keep your partner informed no surprises, no assumptions.

Renovation & Project Management

  • Oversee contractor quotes, scheduling, and quality control.

  • Track invoices, manage change orders, and ensure cost efficiency.

  • Keep the project aligned with agreed timelines and budget.

Pro Tips for Long-Term Success

Be proactive

communicate before problems arise.

Treat every project like it’s your own capital on the line.

Document everything

emails, expenses, updates.

Build your reputation on integrity, reliability, and delivery.

Pro Tips for Long-Term Success

Be proactive

communicate before problems arise.

Treat every project like it’s your own capital on the line.

Document everything

emails, expenses, updates.

Build your reputation on integrity, reliability, and delivery.

“The best Money Partners become repeat partners. Your professionalism earns you their loyalty.”— Tiffany Young

This List will help you...

  • Understand the work involved throughout the process of owning, managing and selling an Investment Property

  • Understand the value of having a Working Partner and what they can bring to the table

  • Help Working Partners identify their value and explain it clearly to a potential Money Partner

  • Even if you are buying a property all on your own without a partner, these are the duties you will need to be aware of

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