Joint Venture terms
A local flipper presented me with a house flipping JV opportunity. She already has hard money lined up, but needs me to fund the 20% up front and the rehab costs. She will be handling the contractors, so I will mostly be hands off of this investment, but it is my money in play. I am wondering what percent of the profit should I ask for?
The numbers will look something like this:
Purchase Price 140,000
Rehab Cost 50,000
ARV 260,000
Thank you.