JV contract for co-wholesaling

[Monica Caliber]

Could you guys share your JV contracts for co-wholesaling?

[Carlos Ramirez]

This is something I had AI write up. Let's connect we're looking to close 20 deals by the end of the year.

Joint Venture Agreement

This agreement is made on [Date] between [Wholesaler 1] and [Wholesaler 2] to establish a joint venture for the purpose of identifying, marketing, and assigning wholesale real estate contracts.

Responsibilities:

• [Wholesaler 1] will locate and evaluate potential wholesale deals and bring them to [Wholesaler 2] for consideration.
• [Wholesaler 2] will evaluate deals brought by [Wholesaler 1] and provide marketing assistance to promote deals to cash buyers.
• Both parties will jointly facilitate showings, offers, and negotiations with the seller to assign the contract.

Profit Split:

• Net profits from assigned contracts will be split between [Wholesaler 1] and [Wholesaler 2] on a [50/50] basis after any marketing, transaction, and holding costs are deducted.
• [Wholesaler 1] will receive [40%] of the profits and [Wholesaler 2] will receive [60%] of the profits.

Exclusivity:

• This agreement is non-exclusive and both parties are free to enter into other wholesale deals independently.

Term:

• This JV agreement will be valid for a period of [1 year] starting from the date signed below. The agreement can be renewed upon mutual consent.

Governing Law:

• This agreement shall be governed by the laws of the state of [Your State].

Signed by:

[Wholesaler 1 Signature] _______________________

[Wholesaler 2 Signature] _______________________

[Monica Caliber]

Thank you Carlos!