Interested in building and running a successful house flipping business? We would like to help you! At Select Home Ventures LLC, we have been profitably flipping houses for over 10 years! We have operated in both hot and cold markets. These tools will work for you too!
This PDF Document product creates the joint venture by parts. This allows us to add investors, one by one, into an existing joint venture at any time during the project, without requiring the others to sign more documents. When we add a new investor, we execute another copy of the same SHV Joint Venture Agreement, which then becomes part of the larger document. This is convenient because it means we don’t need everyone at the same place and time!
There are two investment options with this agreement
- Fixed rate of return – An annual percentage is negotiated and entered at signing.
- Variable rate of return – A profit/loss split percentage is negotiated and entered at signing. Either the profit/loss adjustment, as calculated below, or 80% of the amount contributed by the Investor, whichever is greater.
Where the profit/loss adjustment is calculated as follows:
( total profit or loss realized on the Project x profit/loss split percentage )
x ( investor contribution / total project cost )
x ( duration of investor investment / total project time )
The expected return varies with the market. The variable rate should be higher than the fixed rate on average, because it comes with more risk to the investor.
DISCLAIMER: WE ARE NOT LAWYERS These are the actual contracts that we use at Select Home Ventures LLC. They were written by our lawyers. However, WE ARE NOT LAWYERS! The information you obtain at this site is not, nor is it intended to be, legal advice. Before you use these contracts, please have them reviewed by a real estate lawyer in the jurisdiction within which your company operates.
What it is
- A PDF Document.
- The SHV Joint Venture Agreement.
- A tool that will create the joint venture by parts for you.
- Highly configurable to meet your needs.
- Delivered digitally and available for instant download.
What it is NOT
- SHV Joint Venture Modification Agreement. Please see E02 SHV Joint Venture Modification Agreement for that!
- SHV Promissory Note To Joint Venture. Please see E03 SHV Promissory Note To Joint Venture for that!
- SHV Mortgage To Joint Venture. Please see E04 SHV Mortgage Note To Joint Venture for that!
- All related products in this Collection. Please see SHV Investing Products Collection for that!
- Tools to sequence construction in time for you. Please see SHV Construction Products Collection for that!
- Tools that do project estimation for you. Please see SHV Project Estimation Products Collection for that!
- Tools that find houses for you. Please see SHV Prospecting Products Collection for that!
Start your journey to profitable house flipping today!
These products are ideal for any serious real estate investor, whether experienced or just starting out, who would like an example of a successful model for house flipping.
All products are delivered digitally, and are available for instant download.