Why are the profits split 50/50?
To put it simply your role is as a ‘money partner’ and our role is active as the ‘finder’ where we do all the work. For example on a $1million property you, the Joint Venture partner, have contributed $250K to get started and Glenn Simon Inc. has, in addition to the work of finding and negotiating the deal, tenanting the property with excellent value building tenants, insuring, maintaining the property and keeping it in good repair, filing taxes – including doing the bookkeeping, preparing biannual updates, market timing to determine the best time to sell to maximize profits and hold the mortgage in our name. Therefore earning our 50% share. In the event that there are any loses, which we have never had, we split loses 50/50 as well. We are your equal partner in every deal.
