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Finding business partner/builder for renovation project?

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Hello all. I don't really know where's the best place to put this, so if here is not the right place, can you please suggest where it should go!

I’m looking for thoughts – if anyone has any, please respond!

I’ve owned a house in the Tarn-et-Garonne for over 30 years, spent 3 years there full time and had several hols, but I’ve never been able to afford to do the renovations. I’ve done some work over the years and it’s kind of semi-habitable (in summer, anyway!), but needs lots and lots of work.

I’ve been toying with the idea of trying to sell it but am reluctant, as it’s a lovely building and could make a really good b&b or similar if the work was done (it’s quite large, and in a pretty hamlet where there are plenty of activities around for tourists and local markets etc. at driving, and even cycling distance). I don’t want to live in it full time myself, only to have the odd holiday.

So …I’m wondering whether it might be possible to team up with a business partner who’s experienced at renovation and would be willing to live there rent free and do the work (perhaps with my help on a regular basis) and then continue to live there and manage the guests – I’d deal with advertising and marketing it and organising bookings from the UK, and I’d also be able to go down to run courses from time to time, such as teaching English to French visitors (there are some companies needing ‘homestay’ for French students, as well) and other things I’m qualified and experienced in.

I guess we’d take a proportion each of the profits, but I’m not greedy about getting loads of money in, the most important thing for me is that the house deserves a sympathetic renovation. So we could talk over how much the other person felt they were entitled to. If it was felt that it wouldn’t be worth their while unless they had a stake in the actual building, I might have to do that, although I’d rather they took all the profits and I kept ownership of the house if it came to that.

This isn’t all set in stone – it’s just the ideas I’ve been musing on and wondering if any of it could work and if I could find a person who might see it as attractive.

Do any of you know of any sites where I might find people who are looking for things like this? Can you suggest where I might look? Have any of you been involved in anything like it? Do you have any advice that might be helpful to me? I don’t really need to discuss the legal position, taxes, etc. as I will do my own research on that if it seems like a possibility. But at the mo I don’t have much idea where to start. Any ideas would be helpful.



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Have you reread the replies you got when you posed a very similar question October last year?http://services.completefrance.com/forums/completefrance-forums/cs/forums/3670693/ShowPost.aspx

Why not just pay for someone to do the work and recoup your expenses through future lets?
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