Structuring a JV deal - James Wise podcast
Hey BP members, Happy Monday!
I'd love you input on deal structure. After listening to the latest podcast with James Wise it makes sense to add JV as part of my arsenal, since I do have friends & family that have funds and have said they want to get into real estate.
My questions is: if as an investor I'm bringing: knowledge, research, connections, finding deals and orchestrating a team (rehabber, R.E. agent, bird dog, property management, etc.) -- and the JV partner is bringing money and/or credit, what should the split be? 70%: me/ 30%: partner, 60/40, 50/50? And why?
I'm hoping to get examples of actual deals you've structured or been a part of.
Thanks
Arnauld