JV Question

[David Begley]

Through my local networking and contacts, I plan to interview REI/Contractors as JV partners whereby I would purchase houses for cash and fund 100% of the rehab and the Contractor/Investor/Partner would provide the permitting, and all construction, rehab, landscaping, etc. I'm a licensed real estate agent, and my target would be to list and sell the rehabbed property within 6 months after construction begins. We would then split the net profits.

If there are any BP members that have successfully structured a similar deal, please let me know what percentage split is "standard" in a situation as above, along with any suggestions or pitfalls to avoid.

Thanks!

David

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