Sign the Partnership Agreement with DVG Construction and get a percentage share from sales of the developed project.
After signing the partnership agreement, we proceed with design and build. We take care of financing the construction process to the final stages.
We find the buyer and sell the property. You get your share from sales.
Ah yes, the money. It could be said that clearly articulating the financial model of the partnership might be the most important part of the agreement. And without that, the partnership might need to be postponed until such considerations are ironed out.
Many partnerships are created with the belief that everybody in the partnership has the same goals of simply making deals and generating cash. But each person has a unique set of objectives — passive income, retirement, family obligations — and being clear about how each member of the partnership will benefit (and contribute) financially to the partnership is crucial.