This setup is perfect for homeowners looking to sell a property that requires significant repairs or updates to reach full market value—but who may not have the financial resources to cover those improvements upfront.
We begin the project make a Joint Venture Agreement that involves establishing a baseline value of the house. Then we determine what repairs and updates should be made and provide a cost amount for that. We pay to have the repairs and updates completed and the house is placed on the market.
When the house sells, the owner receives the baseline price, KRS is reimbursed for the updates, the cost for selling the house is covered, and the left over profit is divided 50/50 between the owner and KRS.
