REI SUCCESS ACADEMY LLC
HUNTSVILLE, AL

Zack is highly respected in the Real Estate industry and has been indorsed by one of the Sharks from Shark Tank Kevin Harrington.He’s been sharing his message for over 10 years. He is a bestselling Author and has been on ESPN radio for Business and more Talk. Zack specializes in teaching investors how to get started and how to grow their real estate investing business. It’s not just about buying and selling, but market segment and marketing to find leads, too! is the leading expert in the real estate and virtual investing business.He’s mentored students and has consulted all over the USA and all over the world to those who seek him out to learn the secrets to investing in Real Estate for big profits. His students call him the “REAL” Real Estate Mentor because he’s an active Real Estate Investor doing it every day.Zack has an investment company which has been successfully operating for over 15 years and has been able to expand his activities from starting as a wholesaler to being able to move through all 4 tiers of investing to give him a truly Passive Cash Flow life now. He has also branch out to use skills from starting his Investing Business to other ventures.. He has started, Bought, and sold over 35 companies in the last 15 years. Zack believes that all successful businesses must not only have systems in place in order to succeed, but also it’s very important to have someone to help you 1 on 1 to get started. , establishing an existence in a foreign country, increased revenue; lowered costs, access to another company’s technology functions, expanded customer base and product distribution and much more. The exposure to these larger opportunities is sometimes not possible when done single-handedly. Seeing that, the grouping of resources are good and has benefits that are obvious, lack of proper planning in the initial stages might result in disagreement. Hence, coming to terms and signing the contract is said to help, moreover, it is imperative for both the parties to revisit the fundamental terms and structuring options that will avoid any confusion in the future! In general, there are three mediums used for real estate joint ventures and it includes limited partnerships or investor partnerships; offshore or unit trusts; and onshore or offshore limited liability companies. If you are settling down the option of offshore, then you need to deliberate on the cost of running the structure together with the management and decision-making factors, however, tax considerations and authoritarian or regulatory considerations are the trigger points. Determining how discrepancies on key issues are getting to terms in relation to the management of the real estate joint venture agreement is what Deadlock resolution clause is all about. It is quite complicated. Deadlock provisions exist for all types of businesses; however, they vary between different countries and with due respect to the transaction involved in the business. This theory as aforesaid is quite complex and when it comes to real estate joint venture, it is even more complicated, and hence extra care should be given while signing the contract. The importance of a resolution mechanism can’t be overlooked; this helps both the parties and the real estate asset to not get trapped in no man’s land mainly because of the clash of the two parties to settle on a particular action until further notice. So, without much ado, let us look at some of the significant issues to deliberate in drafting the provisions explained below take account of; a) The appropriate lock-out period, b) the enclosure of Buy/sell- In a joint venture, any one or both the parties may have the right to set off a course of action, whereby one party will pay for the other out of their own interest in the JV. However, the party that is triggering the buy/sell option is supposed to send an offer that concurrently performs as a tender to either acquire the other member’s interest in the joint venture or, instead, wholesale the triggering member’s interest in the JV. Rights of first refusal (ROFR) – The right of first refusal clause is a contractual right that grants its possessor the opportunity to enter a business transaction with the holder/ proprietor of the real estate asset, according to particular terms, before the owner could enter into that particular transaction with the involvement of a third-party. To be clearer, both the parties may have the right to activate a process, whereby one party has the right to make it first, this may be either to buy the real estate asset or to get access to the other party’s interest in the JV. However, the other party may look for some third-party buyer, but if a less or equal price is quoted, then the real estate asset or interest must be put on the market to the collaborator that made the offer at that partner’s previous offer price. Deadlock provision for joint ventures, not only does it be helpful to avoid chaos, but provides a way out when the two parties are unable to agree on a major decision. Deadlock provision for joint ventures, not only does it be helpful to avoid chaos, but provides a way out when the two parties are unable to agree on a major decision , establishing an existence in a foreign country, increased revenue; lowered costs, access to another company’s technology functions, expanded customer base and product distribution and much more. The exposure to these larger opportunities is sometimes not possible when done single-handedly. Seeing that, the grouping of resources are good and has benefits that are obvious, lack of proper planning in the initial stages might result in disagreement. Hence, coming to terms and signing the contract is said to help, moreover, it is imperative for both the parties to revisit the fundamental terms and structuring options that will avoid any confusion in the future! In general, there are three mediums used for real estate joint ventures and it includes limited partnerships or investor partnerships; offshore or unit trusts; and onshore or offshore limited liability companies. If you are settling down the option of offshore, then you need to deliberate on the cost of running the structure together with the management and decision-making factors, however, tax considerations and authoritarian or regulatory considerations are the trigger points.