All Topics / Help Needed! / Joint Venture-Developing

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  • Profile photo of Robert KingRobert King
    Participant
    @robertking
    Join Date: 2016
    Post Count: 13
    August 25, 2018 - 8:17 am

    Hi All,

    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?
    Positive/Negative experiences?
    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 esle to look out for?

    Other tips and advice.
    Thanks in advance for all your comments.
    Regards,
    Robert

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    August 25, 2018 - 1:34 pm

    Structuring will depend on the circumstances such as strength of parties, agreed split, financing ability,trust.

    One I set up recently involved company owning property with 50% each owned by trustees of a discretionary trust. Builder family was a beneficiary of second trust. Company then entered building contract with builders company.

    End result
    Residential finance
    50% profits able to get to builder.
    My client retaining full control.

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

Viewing 2 posts - 1 through 2 (of 2 total)

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