JVs & the use of Escrow ac's to protect investments???
Hi Everyone -
I've been approached by investors about doing a joint venture for a deal. I would be funding most (if not all) of the purchase & reno costs.
My question is, how do people protect that money? Is the investment deposited into the JV account all at once or as it is needed (meaning once for the purchase of the property and then as disbursements are required for the construction)?
Any practical tips or advice would be appreciated.