- Joined
- Dec 4, 2007
- Messages
- 20
Hello,
I am working on securing my 1st JV partner (using the JV Secrets Program). I have made my presentation, supplied my info package, supplied/reviewed my JV questionnaire, and have got a verbal “YES” they want to invest. As one of my next steps I am now drafting up a “general” letter of intent (not property specific) to be signed, which I will use to have my lawyer draft the JV Agreement.
My question is:
Can I have my lawyer create the JV Agreement not specific to a property so I am ready to make offers (as I find the properties) and then add the property specific details to schedule “A” after?
OR
Does the JV Agreement need to be based on a specific property before the Investor signs the Agreement?
Thanks,
Dave
I am working on securing my 1st JV partner (using the JV Secrets Program). I have made my presentation, supplied my info package, supplied/reviewed my JV questionnaire, and have got a verbal “YES” they want to invest. As one of my next steps I am now drafting up a “general” letter of intent (not property specific) to be signed, which I will use to have my lawyer draft the JV Agreement.
My question is:
Can I have my lawyer create the JV Agreement not specific to a property so I am ready to make offers (as I find the properties) and then add the property specific details to schedule “A” after?
OR
Does the JV Agreement need to be based on a specific property before the Investor signs the Agreement?
Thanks,
Dave