JV process - when do we sign the agreement?

[Greg Larson]

Hey everyone, I've recently been approached for my first JV deal. In this case, I would be helping bring a buyer to another wholesalers contract.

My question is:

When do we sign the JV agreement? Before or After I send the deal out to my buyers list?

At this moment, I'm not sure if my buyers would be interested but I do have some active contacts in this particular area.

Thanks in advance for any advice!

[Jessica Zolotorofe]

Sign the agreement ASAP. Don't bring them their goods before you have a deal. Then (other than being a good human) they have no incentive to actually include you. The JV Agreement should just specifically lay out when your interest kicks in, i.e. when you bring the buyer or do whatever they need you to to get your percentage of the deal.