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Hi Paul,
I have had a conversation with a girl in Melb who has some negatively geared properties. I have spoken to her about wrapping and have organised a meeting to discuss if I can do a JV with her to onsell these properties on vendors terms to create positive cashflow.
What questions should I be asking in this meeting? What are the most important things for me to know to see how lucrative this deal can be? How are the profits of a JV typically divided? How do you put together this JV arrangement?
What do I do if these properties are already tenanted?
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