Joint Venture - Acquistion, Expenses & Profit Splits

[Malcolm Brown]

Hi BP Gurus -
Happy Friday

Looking for some timely guidance.

Trying to iron out a joint venture, 2 parties (in different states - NY & OH). 

One person will be the general contractor so to speak. 

How do you handle the expenses % throughout the rehab. and other steps leading to the sale?  Also, purchase acquisition and profit split? 

Open to ideas, thoughts, suggestions.

Thanks