How to structure a JV

[Lamont Marable]

Hello Big BP!

How would you structure a deal if my partner is bringing in all the risk capital, DP and CC to acquire a 4-plex that we’re planning to convert it to 5 units?

I’m thinking 95% to 5% as without him the project wouldn’t have any wings. I was thinking I can bring the reserves and pay for the conversion cost and asset manage the project

Do you typically leave the cash flow in a joint banking account with your partner?