JV thoughts on Taylor, Texas deal (Commercial/Multi-Family)

[Travis Wilkes]

Hello BP community, I have 2 acres in Taylor, TX and am considering a Joint Venture, using the land as my equity into the deal. I don’t have the deal put together this is just a thought at this point. I would love to hear any feedback from the community. Ideas, thoughts, experience, how do you determine if the partner is a good fit? I have a large commercial redevelopment starting and need to have a partner be the lead on this Taylor project. I am not in a bind to move on it ASAP as it has no debit associated with it.

It is currently zoned B-1 Local Business. As an alternative we took a multi-family site plan to the City, to test for interest and received positive responses.