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Updated over 4 years ago on . Most recent reply presented by

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54
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Eric Chiang
  • New to Real Estate
  • Riverside, CA
28
Votes |
54
Posts

Joint Venture Agreement Questions

Eric Chiang
  • New to Real Estate
  • Riverside, CA
Posted

Hi BP Community, 

Rookie here. I'm looking into Joint Venture Agreement templates to create for my next househack (small multi-family property in San Diego, CA). Will be looking for a partner to fund the downpayment, while I do the leg work (finding deal, closing, managing rehab, finding tenants, etc.). Currently have one friend who showed interest, but nothing is solidified.

Here are my questions:

  • Does anyone have a Joint Venture Agreement example/template that they are willing to share, that would work in California? 
    • Note: Will get/find an attorney to look at the finalized document once I create it. 
    • Started to create a template from legaltemplates.net, but wasn't sure how creditable it is
  • Given my scenario, any advice on additional provisions I should include/consider in the agreement?
  • Any additional considerations/general guidance?
  • Thinking bigger, does anyone have any experience/guidance going into a joint venture agreement for a househack, but for a CRE multi-family property (5+ units)

Any information helps, appreciate it! 

Eric

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