Updated 3 months ago on . Most recent reply
Curious about doing JV Partnerships with General Contractors
Hello everyone, I'm seeking to flip my 3rd term and trying to get more/better experiences vs my prior 2 flips. I'm trying to get to a more comfortable point where I'm more confident managing a GC on my own, but until I get that experience I'm curious of your thoughts of doing a JV Partnership with a GC. This would benefit me by not worrying as much about completion time, cost of materials and labor, they'd have some skin in the game etc.
What do you think? As a newer flipper what are the pros/cons besides me not getting 100% of the profit, I figure its cost of doing business and getting experience.