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The Mystery Behind the Name
The phrase pops up in forums. It spreads through investor groups. But what does it actually mean?
Scott McGillivray is a real name. He built a career on TV renovations. He teaches people how to flip houses. The word "conjointe" feels foreign. It is French for "joint" or "joint venture."
Put them together, and you get a concept. It suggests a shared partnership. A specific kind of deal structure. Something beyond a simple co-signer.
Breaking Down the Conjointe Model
A conjointe arrangement splits ownership. Two or more parties pool resources. They share the risk. They also split the reward.
This is not a standard mortgage. This is a private pact. Often, one partner brings the money. The other brings the sweat equity.
Scott McGillivray often preaches partnership. His shows highlight teams. A conjointe deal mirrors that TV logic. You combine skills. You cover each other's gaps.
Why Investors Use This Tactic
- Capital efficiency. You need less cash out of pocket. - Shared risk. A bad flip hurts less alone. - Skill pairing. One handles permits. The other handles the demo.
The math makes sense on paper. You buy a $400,000 property. A partner covers the down payment. You do the labour. You sell it for a clean split.
Legal Nuances You Cannot Ignore
A handshake deal fails fast. Written contracts save marriages. They also save money.
A conjointe setup needs clear terms. Who pays for repairs? What if the market drops? What happens if one partner walks away?
Canada has specific property laws. The rules vary by province. Ontario differs from Alberta. Quebec leans into the French term naturally. Consult a real estate lawyer. Never rely on a handshake.
How Scott McGillivray Shapes This Thinking
McGillivray popularized the "we" mindset. He showed that solo flipping is brutal. His courses push team-based models.
The "scott mcgillivray conjointe" idea extends his philosophy. It is about finding the right partner. Not just the right property.
He emphasizes due diligence. You vet the house. You must also vet the human. A lazy partner tanks the profit.
The Risks of Shared Ownership
Profit splits cut your margin in half. You might do 90% of the work. You get 50% of the cash. That stings.
Disagreements happen during renovations. One wants granite. The other wants laminate. These wars burn weeks.
Exit strategies get messy. If one partner wants out mid-project, the whole deal freezes. You cannot sell half a house easily.
Practical Steps to Start
- 1. Find a trusted ally. This is often a family member.
- 2. Draft a formal agreement. Outline roles and profit splits.
- 3. Assess your skills honestly. If you cannot fix plumbing, find a partner who can.
- 4. Start small. Test the dynamic on a minor project first.
The strategy demands trust. It also demands communication. Without both, the project collapses.
Is This Strategy Right for You?
It suits certain personalities. You need patience. You need a thick skin. Ego will destroy a conjointe deal.
If you prefer total control, stay solo. Sharing ownership means sharing pain. The stress multiplies when someone else holds the purse strings.
The "scott mcgillivray conjointe" label just names the game. The real question is simple. Can you share the upside and the headache equally?
Final Thoughts on Shared Flipping
Scott McGillivray built an empire on renovation. His methods inspire thousands. The conjointe model offers a real shortcut.
But shortcuts still require work. You cannot buy a partner's competence. You must align expectations early.
Read up on partnership tax rules. In Canada, joint venture income gets special treatment. A quick read at the Canada Revenue Agency clarifies reporting duties.
Knowledge is your only edge. Protect it. Use it wisely.