Good day,
I am a real estate and corporate/commercial lawyer in Edmonton, AB, CAN. On the side, I am trying to create a nice real estate portfolio. I am a recent graduate with no savings. I am considering some joint ventures on the following terms:
Investor put up the cash for a downpayment and cap-ex/vacancy fund;
obtain financing in both investor name and my name (or corporation);
create JV agreement that protects investor downpayment and initial contribution;
I manage real estate;
Net revenue split 50-50; and
Net equity split 50-50 after initial investment paid back.
I have not had any luck with this yet and wondered if you all have any opinion on restructuring this to be more appealing to investors and/or better for the venture.
All comments are helpful and thank you for your time.
R
