I have an associate who is a builder and is interested in building wealth through property development.(start small with Duplex/Subdivisions etc.)
As an Investor with Capital and Equity, I am also interested and think this could be a good partnership(if managed correctly).
My questions to the group are:
Has anyone worked in JV before?
How to structure myself/each other in the JV?(Trust/Company etc)
If he is building and I am funding, how should the split of property Ownership/Company look like?(50%/50% etc…really interested in how others have calculated the split)
What else to look out for?
Other tips and advice.
Thanks in advance for all your comments.