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Updated over 6 years ago on . Most recent reply

User Stats

54
Posts
8
Votes
Jackson Tate
  • Investor
  • Brevard, NC
8
Votes |
54
Posts

Best Way to Partner?

Jackson Tate
  • Investor
  • Brevard, NC
Posted

I'm looking at a couple vacant sites in my area that will support the construction of duplexes.

I have a GC who would be interested in partnering and would be in control of the construction aspect.

What is the best way to structure a partnership for this kind of project, especially if we may do up to 4 of these at one time together?

Should I buy the land and then he supplies the down payment on construction? Any thoughts would be appreciated.

  • Jackson Tate
  • Most Popular Reply

    User Stats

    1,545
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    Steve B.
    • Engineer
    • Portland, OR
    1,286
    Votes |
    1,545
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    Steve B.
    • Engineer
    • Portland, OR
    Replied

    Antoine Martel That’s pretty flippant. What if the land cost 10 mil or 10k but construction costs are the same? What exactly is “at cost” for the GC? You may want to think harder

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