I've got 99 probs but a JV *IS* one

[Ahmad Omar]

Need some advice! I've been investing in Section 8 rental properties for a few years now and its been working out great. One of my friends wants to team up with me on a new investment. The way I typically do my deals is I fund them with my own cash and put them under my LLC.

He is basically wanting to put up some capital and share in the profits but does not have any experience in real estate investing. I bring the experience to the table and he brings his capital. I also can put some of my own capital towards the deal. He will learn from the process and make a lower risk investment than going at it on his own, and I will be able to use his capital to help fund another deal. What is a good JV strategy that would be fair to both sides?