Joint venture, huh?

[Mandi Martinez]

Im unclear on what a good joint venture would look like in the world of flipping and multi unit rental. Does one person pay and the other oversees the work? Can you both go in half? Then who does what? What if I pay and the person who is supposed to oversee the work doesn’t do what they should? Or what if they do less then what I would? Or vise versa?

What does the structure of a good joint venture look like? Any examples would be helpful.

Btw I was the high school kid who was paid by the other group members to do the entire group project myself. So I’m having a hard time wrapping my head around how to make sure I, nor the partner, feel taken advantage of.