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When Setting Up a Joint Venture Here Are Some Basics
Here is some basic advice for donig a Joint Venture. Treat it as a business, even if they are family or friends. You need a written agreement as to how everything flows. Who is the money investor and their responsibil...
Gee Williams
Have you done Joint Ventures with Close Friends and Family?
Hello BP crew! My husband and I just purchased our FIRST property in March 2023 that we are currently in the process of flipping. The process is going VERY SLOW! Anyways...when I tell my friends about our latest ventu...
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Joint Venture - He Has the Capital, I Do The Rest
My business partner is a Brit. He has the downpayment for the initial investment. 20%. I have the expertise. Am a realtor. Will identify the property, and either flip it or rent it out. What should be our partnership ...
SHANELLE SHERLIN
Using a SDIRA on a joint venture property with financing
Hi all,I am looking to set up a self-directed IRA with money transferred from a previous employer 401(k) to invest in a duplex in OK. The purchase price is $250K and I would be going in with a partner, likely by creat...
Wilson Jing
How to report fix and flip joint venture on taxes?
I entered a fix and flip deal with a partner 50/50. I have a LLC and he has a LLC, for this property we did not form another llc, just drew up a joint venture contract. My LLC bought the house 20k on 5/15/2017, we spl...
Michael Ealy
Joint Venture & How to Buy More Apartments - Actual Experience
As I mentioned in a separate post, I have no problem with deal flow. I have established a reputation and track record as a successful apartment owner-operator and brokers know if I make an offer, it's as good as done....
Rita Davis
ROOFING?? Guestimate before I venture out into the roofing world
Hi to all, will try to make this simple...I need a roof or 2 before the '2021 year ends. On the lot, there is a 2 story single-family 2100sf for roof area( very, very rough estimate) and a 1story duplex (it's shaped ...
Anthony Casa
Proper RE holding structure. Joint Venture vs. LLC (or both)
Hi All,I am forming a partnership with an 1 other investor to acquire a property. I'm having trouble determining the best structure for the partnership and if I should be forming a LLC, a Joint Venture or both. Is the...
John Mason
Looking for connections for short term real estate Join Ventures
I invest in Tampa area and have a LTR and about to buy a house in next 3 months as primary and then after a year convert to STR
Anyone here have a connection who will do short term JV ? By short I mean about 6 mo...
Charwak Gummalla
Own land - want to subdivide and joint venture with builder
Hello BP members,
Need some guidance here.
We own some land in southern Charlotte which is currently zoned r-40 for single family. We want to subdivide the land and partner with a builder and build a community and ...