The Foundation of a Successful Real Estate Partnership is the Joint Venture Agreement.
A Joint Venture (JV) is a great way to invest in real estate, because it leverages the power of teamwork. Usually there is a Money Partner (also referred to as a ‘Resource Partner’), who provides the funding, and a Knowledge Partner (also referred to as a ‘Working Partner’), who finds, negotiates, and manages the deal. The bedrock of a good JV is the written agreement that spells out of the terms of the partnership. In this blog post, you can read about using template documents to create a Joint Venture with reduced legal fees.