Posted by ray@lcorn on December 13, 1999 at 23:28:50:
I have a question:
If the landowner has all of the plans drawn, owns the land, has the construction financing, and will also act as the developer, why does he need you, or any other partner, in the deal?
And that brings up another question:
If you are planning to take on a partner to buy your interest in the “joint venture”, what will that partner receive as a return on his investment?
And if you are planning to borrow the money to buy the interest in the “joint venture”, what will the lender get as collateral?