How about the title? Is it 50-50 title on property for both?Hello
I’ve recently been approached with the idea of being JV Partner, but have never looked into the details of one before.
Is it common for a JV deal to be structured as:
Money Partner: Provides money for 25% Down Payment on the purchase price and any closing fee’s.
Expert Partner: Provides the knowledge and makes all arrangements to purchase property. Provides a plan for the best return including timeframe.
Sale of Property
============
Money Partner: Receives the 25% Down Payment back as well as the closing fee’s.
The remainder of the return is then split 50/50 between the Money Partner and Expert Partner
Do most usually use the above as a starting point? Are arrangements usually further negotiated?
How about the title? Is it 50-50 title on property for both?
Thank you for your replySometimes it is sometimes it is not.
Ownership can be in many forms:
Undivided interest
Tenant-in-common
Trust
LO
Corporation
It depends how you set it up.
And as always: in life you don’t get what you deserve, you get what you negotiate !
Thomas Beyer, Asset Manager & Improver, Hard Asset Investor & DeFi Asset Hodler, Author, Father, Mentor, Hiker, Kayaker www.prestprop.com