All Forum Posts by: Lee Marsteller

Nvm

@Diana Dorantes The best time to buy real estate was 5 years ago. The second best time is today.

FAKE NEWS!

I use Costar but I believe they have a less expensive/comprehensive version of their database called LoopNet. There is also a free database out there called cityfeet that has some available comps. Good Luck! Lee

@Josh Rorie  Welcome to Biggerpockets.  There is lots of grest info here, so spend some time doing research and read as many of the books as you can. Hit me up if you ever have any newbie questions specific to a deal or strategy. I am local to your market and am more than happy to help if I can.

@Steve Olson and @Russell Brazil Thanks for the input. I actually found a LOI from a deal I did over a decade ago that I had. I ended up buying the property outright and forgot that it started out as a JV deal. @Steve Olson I did sent a contact request. Thanks again!

I am looking for a template or sample JV proposal for a small Mixed Used (Retail & Multi Family) deal.

An adjacent property owner on a 6 unit condo development that I am doing has approached me to see if i would be willing to JV with them on a small 4 unit deal (3 condos and 1 retail/restaurant space. They are willing to put up the property (free and clear) as collateral for the deal if I arrange for the financing and do the A&E, development, construction, leasing and out sale of the condos.

I would only be using it as a template as the deal is pretty specific. I have never done this type of JV before as i have always just bought the property outright and then developed it, but the property is in an A+ location here in DC and parcels like this are very hard to find, so I am considering it very seriously.

Sulaimam, I am interested in looking at the property. I just did a colleague request so you can PM me.

Thanks, Lee

Upen, thanks for he info. I will touch base with to get more info during the week.

@Russell Brazil thanks for the intro!