How to structure JV deals (Profit and Loss)

[Shiv Dutta]

Hello Everyone, 

I am new in the world of JVs. currently I own few properties but with my own money. which runs out quickly. 

I am wondering do you use any tool (like DealCheck) to find out how much a prospective JV will make from the deal (cashflow, or after sale profit). so that I can approach people with those details. I created my own Excel (for giving a rough number for JV). and how do you share the income and expense and profits.

I understand, with experienced investors with more properties, its different ball game. I have a deal in Saint John (an accepted offer), I can go over the numbers to get a real example. or if someone has existing numbers to share with me.

Any guidance will be appreciated.

thanks

Shiv