Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Land & New Construction
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 11 years ago on . Most recent reply

User Stats

151
Posts
31
Votes
Annunciata R.
  • Developer
  • Los Angeles, CA
31
Votes |
151
Posts

?Joint Venture on a Construction Project with no sale intended.

Annunciata R.
  • Developer
  • Los Angeles, CA
Posted

I just received a letter in the post from someone offering to purchase a 1 acre lot I purchased in Hollywood Hills last year. As I am not interested in selling Im happy they also offered, as an alternative, to enter into a JV as they own an additional acre adjacent to the lot. I searched details on the company and they seem to have been in residential construction for over 10years. Turnover is $2M with <10 Staff.

Do any developers on here know what is the best way to structure the JV as we both on 1 acre each. He has the Know How and I dont but I am willing to be present and have a role on the project as I would like to learn as much as possible. Never done a JV ever. The key thing is that I have no intention of selling the end product if anything I would be keen to purchase the remaining part of the development on completion as I am a buy and hold person.

Thank you in advance for any guidance as I am pretty exited about the idea of doing my first ground up development.

Loading replies...