Joint venture options

Our Experts Answer:

Joint ventures can work well but they are very dependent on the commercial nature of the parties involved. Too often I have seen people get into the arrangement with no exit rules in place if one party wants to get out at some stage. Peoples’ lives invariably change over time and so it is important to have this in place. Normally you would look to have a JV partner whose strengths are your weaknesses and vice versa. Based on the information provided it sounds like you would be best with an equity partner who can provide a larger deposit to open up more opportunities than what you could fulfil by yourself alone.