Whilst I am searching for investment property, one of my friends offered me an opportunity to invest together with him on a development site. The basic idea is to create a company/trust, buy a pease of land and develop multiple townhouses. The upside of the idea: He is experienced in development project whilst I know almost nothing about the process. Development is higher profit (or lower risk) relative to residential property investment (which I am looking into) The land is off-market. It has better value than most of the land I can see from online. The downside: Not sure how complicated it will be in terms of joint development My friend probably want to hold a few and sell a few once developed, how do we split at that moment? Before I go to a lawyer asking for professional advice, I would like to get your opinion on whether it is a good idea to go ahead or avoid the potentially complex situation. Thanks.