This is a serious discussion topic, this is about this two phased approach, related to preparing a project then building, which is a real approach to developing projects. Value-add fine, I am aware of your recommendations and we can assume that they would be addressed for the purpose of discussion.

I can provide more information: A project like this would be done in two phases: phase 1 the project preparation, and phase 2 the construction and sale where the project is presented to RE investors and rented, or sold to end-clients. A board will oversee the execution, will help guide both...

Hello Everybody, Here is my inquiry: To build a $5M+ multi-unit development, what would be a good way to go about agreeing with a JV partner to cover the develop costs (say 10% or $500,000) used to prepare the project (architectural design etc.)