Trying to secure our first JV deal

[Jeremy B.]

We want to secure some rental units in our town as the prices are quite low compared to the rest of Canada but you can obtain good rent/tenants. 

I'm presuming this would be the best structure for all parties?

We're the general contractors/property managers and we would take care of everything locally. 

While an outside money partner puts in the cash for a down payment, closing costs, renovation costs, and carrying costs. The money partner usually also qualifies for the mortgage and is put on the title. 

After refinancing, the money partner keeps 100% of the refinanced money pulled out to get as much money back as possible. From then onward it’s usually 50/50 on cash flow and equity.

Does anyone have a sample JV agreement they can share with me?

Any other tips or advice to get us started would be greatly appreciated.