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Updated almost 8 years ago on . Most recent reply

User Stats

69
Posts
34
Votes
George Voutsinos
  • Investor
  • Philadelphia, PA
34
Votes |
69
Posts

Partnering with Owner? (New Construction)

George Voutsinos
  • Investor
  • Philadelphia, PA
Posted

I've come across a situation where an owner has (2) vacant lots next to one another where they'd like to build (2) new homes and sell them.  They have no experience with a project of this magnitude or any construction experience whatsoever.  My question here is, has anyone ever partnered up on a deal with an owner like this before?  How did you structure the deal?  How was the profits split up?  

Most Popular Reply

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1,399
Posts
793
Votes
Jessica Zolotorofe
  • Attorney
  • New Jersey
793
Votes |
1,399
Posts
Jessica Zolotorofe
  • Attorney
  • New Jersey
Replied

Are you a developer and you'd be managing the zoning, permits, construction process, or what value do you bring to the deal?

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