Updated over 3 years ago on . Most recent reply
JV Contract and Questions
Hey BP! I was wondering if someone would be will to review a JV contract I just received. The investor is asking me to pay 350$ in earnest money on the contract is this usual? It's also a condo so should I ask to see the assignment contract? Any help would be greatly appreciated!
Most Popular Reply
@Kaleb Ashby
Few questions:
1. Do you know the JV partner? If not have you Done a criminal and background check in them and gotten names of investors they have done business with?
2. What is the deal? This being acquired through a wholesaler?
3. What were the terms of the deal?
Never ever pay anyone anything before seeing any agreements. I thought the money may be for deposit on an offer but rereading it that is not the case.
To me this smells scam.
- Chris Seveney
