My JV partner brought the buyer and I kept the seller relationship, we split 55/45 and both got paid in 19 days
Reno, Nevada, four-bedroom on Sutro Street, $187,000 contract price, $218,500 to the end buyer. That's a $31,500 spread and I walked with about $17,300 after the split. My partner had the buyer already warmed up from a deal she closed in November, so the 45 going her way made sense, she didn't have to go cold. I sourced the seller, a landlord I've done maintenance work for since 2021, so that relationship was genuinely mine. Took maybe six weeks from the first conversation to a signed contract. The part that actually surprised me was how clean the handoff felt once we had a one-page JV agreement spelling out who invoices and who the buyer pays. Title was Evergreen Title here in Reno and they had seen JV assignments before, no friction. I've been sitting in the preparing phase for two years thinking I needed to build everything myself before touching a deal, and this one got done because I just admitted I had one side and she had the other.