25/10/2024
this what we dio
# # ### Project Proposal
**Opportunity:** Joint venture to renovate and sell a property located at 1944 Ratner.
**Objective:** Maximize profit through a collaborative partnership leveraging the Seller's property and a Construction Partner's expertise and capital.
**Partnership Structure:**
- **Seller:** Contributes the property (1944 Ratner) with a current estimated value of $260,000.
- **Construction Partner:** Provides all labor and funding for the renovation, estimated at $30,000.
**Responsibilities:**
- **Seller:** Ensures clear title and handles all necessary legal documentation related to the sale of the property.
- **Construction Partner:** Manages and executes all aspects of the renovation, including obtaining necessary permits, adhering to building codes, and completing the project within an agreed-upon timeframe.
**Financial Arrangement:**
- **Shared Investment:** Both partners are responsible for mortgage payments during the renovation period.
- **Profit Sharing:** Upon successful sale of the property, gross profit will be split equally (50/50) between the Seller and the Construction Partner.
**Illustrative Example:**
- **Projected Sale Price:** $380,000
- **Property Value:** $260,000
- **Renovation Costs:** $30,000
- **Gross Profit:** $90,000 ($380,000 - $260,000 - $30,000)
- **Net Profit per Partner:** $45,000 ($90,000 / 2)
**Selection Process:**
This proposal will be presented to three qualified construction partners. The final selection will be based on the following criteria:
- **Experience and Expertise:** Proven track record in residential renovation projects.
- **Financial Capacity:** Ability to fund the renovation and cover carrying costs during the project.
- **Project Timeline:** Realistic and efficient project completion schedule.
- **Communication and Collaboration:** Strong communication skills and a collaborative approach to partnership.
**Call to Action:**
Interested Construction Partners are invited to schedule a meeting to discuss this opportunity further. Please provide a portfolio of previous projects, references, and a proposed project timeline.
**Disclaimer:**
This proposal outlines the basic framework for the joint venture. Final terms and conditions will be negotiated and documented in a formal agreement. The projected sale price and profit figures are estimates and may vary based on market conditions and the final outcome of the renovation.
