Joint Venture Agreement

[DSTEPHENS]

Hello,

I`m new to REIN and just finding my way around this site and forum. I have two rental properties and want to expand. I have the resources and contacts to joint venture but would like some advice on how to structure the agreement. When someone else is putting all of the money in and I`m finding and managing the property what is the best way to structure the agreement? I`m thinking that the agreement should state that the investor eventually gets paid back all of the money that they put in and whats left over is divided 50/50.

I appreciate your assistance.

Dave

 

[DaveL]

QUOTE (DSTEPHENS @ Aug 18 2010, 08:49 AM) Hello,

I`m new to REIN and just finding my way around this site and forum. I have two rental properties and want to expand. I have the resources and contacts to joint venture but would like some advice on how to structure the agreement. When someone else is putting all of the money in and I`m finding and managing the property what is the best way to structure the agreement? I`m thinking that the agreement should state that the investor eventually gets paid back all of the money that they put in and whats left over is divided 50/50.

I appreciate your assistance.

Dave

Hi Dave,

If you do a search you will find lots on this subject. check out this thread http://myreinspace.com/public_forums/Real_Estate_Discussion/62-2015-5050__is_this_fair_.html

Regards,
Dave

 

[RussellWestcott]

Dave welcome on board, great decision you have made to become a member of REIN™

here are some resources that will keep you busy on your journey towards your first JV

Ask an expert section of the members only section-- specifically dealing with Joint Ventures-- >here

Joint Venture Support Documents, members` only download section--> here

Joint Venture e-Book, that you may want to pick up --> here

 

[DSTEPHENS]

Thank you for your response. I will have a look the material.

Dave