JV partner needs money from down payment

[cldemott]

My JV partner needs money from the down payment he provided. Do I need an assessment of the property now. And how do I calculate partnership now? We are 4 years in on a 5 yr deal.

 

[Thomas Beyer]

Options:

a) tell him: tough .. come back once we sell it, or

b) lend it to him at X % interest, or

c) buy a portion of his share. So if he owns 50% and it is worth 80K now, every 10% is worth 8K