Looking for a proposal form.

[David Newfang]

Hello, I am working on a creative finance strategy. Basically, I want to have the owner, let me rehab for sale. they will list in the 900's take 775K what they want. and pay the rest to me at closing for the rehab and equity. Kind of a JV but a little less formal. Any copies or suggestions?

Thank you all in advance. 

[Chris Seveney]

@David Newfang

You could do this as a joint venture but the risk is huge

What if the owner decides not to sell, files bankruptcy or takes out a loan against the property wiping out its equity? What if home prices decline?

While you are owed money you can’t get water from a rock