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Updated over 10 years ago on . Most recent reply

User Stats

6
Posts
2
Votes
Daniel Walus
  • Investor
  • Chicago, IL
2
Votes |
6
Posts

Want to partner with brother to flip a home need a few quick tips

Daniel Walus
  • Investor
  • Chicago, IL
Posted

So I have successfully flipped a property in the past and convinced my brother to get a loan to fund the next project. We have identified properties that fit our criteria. I'm looking for the next step before making the offers. He is preapproved for a loan under his name. I want to outline our plan, purpose and responsibilities. So do start with a joint venture contract or can I draw something up and have us sign it. We both are meeting with a attorney but what are some things we should know or do before we meet with him.

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