Need advice on a property deal

[Trey Montoya]

Hey all,

I am hoping someone out there in this forum can answer this question I have regarding the purchase of a piece of land. I am currently working with a private investor/developer and we are looking at a property that is roughly 5.6 acres and the owner would like $3.6 million for it. While we are interested in the deal, we thought about potentially doing a JV with the property owner. Anyone have any experience in this type of deal structure where we JV with the seller? If so, how did you structure the deal?

This property is a mix of raw land and semi-developed property. The land has improvements and utilities as well.