Updated over 11 years ago on . Most recent reply
JV Question
Through my local networking and contacts, I plan to interview REI/Contractors as JV partners whereby I would purchase houses for cash and fund 100% of the rehab and the Contractor/Investor/Partner would provide the permitting, and all construction, rehab, landscaping, etc. I'm a licensed real estate agent, and my target would be to list and sell the rehabbed property within 6 months after construction begins. We would then split the net profits.
If there are any BP members that have successfully structured a similar deal, please let me know what percentage split is "standard" in a situation as above, along with any suggestions or pitfalls to avoid.
Thanks!
David