a few pointers would be greatly appreciated
ignoring the legal side,
in a nutshell
2 parties buying a Resi house that needs a lot of work $50k
both want to hold on for long term, not interested in flipping
1 party has the serviceability and cash, but no expertise at all
1 party has half a deposit, and can manage the renovation and/or do a lot of work which could reduce the reno down by $10k-$20k and manage it
suggest me a JV setup
ignoring the legal side,
in a nutshell
2 parties buying a Resi house that needs a lot of work $50k
both want to hold on for long term, not interested in flipping
1 party has the serviceability and cash, but no expertise at all
1 party has half a deposit, and can manage the renovation and/or do a lot of work which could reduce the reno down by $10k-$20k and manage it
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