JV Agreement for House Flip

[Jorge Matamoros]

I need support in creating a JV Agreement, or a short term agreement like a "partnership agreement for one deal". Working with an investor that is only putting forth capital for us to buy a house, and then flip it providing back a one time return to them. This % of return is based on the amount of capital they bring forth divided by the total capital stack & net accumulated costs upon sale of the property.
I am taking on full responsibility of title, debt, and all other factors of running operations from beginning of purchase to the end sale of the property.

Any guidance will help

[Mark Williams]

Hi Jorge, 

I highly recommend consulting with a real estate attorney to assist you in creating a JV Agreement or a short-term partnership agreement for your deal. Hiring a professional for this task offers several advantages:

1. Legal Expertise: Real estate attorneys specialize in the legal intricacies of real estate transactions, ensuring that your agreement is legally sound and compliant with local laws.

2. Customization: An attorney can tailor the agreement to your specific needs and circumstances, considering the unique details of your partnership and investment structure.

3. Protection: They help safeguard your interests by clearly defining the roles, responsibilities, and expectations of each party involved, reducing the risk of disputes down the line.

4. Risk Mitigation: Attorneys can identify potential risks and liabilities and provide guidance on how to mitigate them, protecting your investment.

5. Compliance: They ensure that your agreement adheres to any regulatory or legal requirements, helping you avoid costly legal issues.

6. Clarity: A professionally drafted agreement provides clarity and transparency, reducing the likelihood of misunderstandings or misinterpretations.

7. Dispute Resolution: In case of disputes or disagreements, an attorney-drafted agreement will outline the dispute resolution process, potentially saving you time and money in legal battles.

8. Peace of Mind: Having a legally sound agreement gives you peace of mind, allowing you to focus on the successful execution of your real estate venture.

To find a suitable real estate attorney, you can ask for recommendations from your local real estate network or search online for experienced professionals in your area.

-Mark