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Updated almost 8 years ago,

Stuart Bartwicki's profile image
Stuart Bartwicki's profile image
Stuart Bartwicki
  • from Calgary, Alberta
  • Member since Nov 4, 2016
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36
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Stuart Bartwicki's profile image
Stuart Bartwicki's profile image
Stuart Bartwicki
  • from Calgary, Alberta
  • Member since Nov 4, 2016
Connect
Stuart Bartwicki
  • Calgary, Alberta
14
Votes |
36
Posts
Creative Real Estate Financing

Joint Venture with a stranger?

Stuart Bartwicki
  • Calgary, Alberta
Posted

Hi,

Looking for some advice. Is it a wise move to enter into a joint venture with someone I don't know?

Has anyone done this, and was it successful/unsuccessful? 

Example:

Purchase buy and hold property. Partner provides a purely financial input, downpayment for conventional mortgage, rehab costs, closing, holding costs. I take care of the rest. 60% - 40% split in favour of partner.  

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