There are two fundamental different ways you can setup a joint venture to flip a property with no money down.
The first way is to have a 3rd party partner on a deal to supply the cash for the project. This is probably the most common way but it requires a partner with deep pockets.
The other way is to partner with the seller of the house. This is a format of owner financing. This is the type of joint venture deal we are talking about in this article. Lets dig into this strategy a bit further.
Some items that could be considered: – What happens when purchase price plus rehab is less than sale price – What happens when rehab budget goes over