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Updated over 5 years ago on . Most recent reply

User Stats

25
Posts
3
Votes
Ariel Deleon
  • Investor
  • Gilbertsville, PA
3
Votes |
25
Posts

Joint Venture Agreement Clause needed

Ariel Deleon
  • Investor
  • Gilbertsville, PA
Posted

Hi BP Community,

I'm entering into a JV to purchase and rehab a property where I will be the operating partner and the 2nd party will be the capital partner.

We're working on JV agreement and we need a clause in there that would cover his capital investment in the rare event that the property does not sell for more than what he has invested. (ie: he has 100k in and it ends up selling for 80k.)

Thanks,

Ariel

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