Updated almost 3 years ago on . Most recent reply
JV CONTRACT STRUCTURE HELP
Good afternoon All,
I have a question that I hope I could get some guidance towards.
I have an investor who is willing to split the profit 50/50 for a fix n flip that I will basically be the project manager on. He will provide all the funds for the down payment and hard money as well as obtaining the hard money and using his LLC and credit.
My question is, how do I tie myself to this deal legally to where I'm protected and in writing it is confirmed that I will take 50% of the profits once the initial down payment investment has been recovered. I know there is something called a JV Contract but I've never done one as all my flips have been with my LLC.
Just hoping to get some guidance or direction on how to proceed. Thank you all for your time !