@Tommy Pace I have done a variety of different splits. A lot of times I base it off what the investor/partner is looking for and what they bring to the table.
I am a big proponent of paying the money/experience really well. I see a lot of new folks only willing to pay a 20% split to a cash partner, or trying to make it so they have a home run on their first or second deal. To me this is crazy, they are new, have no experience, and can't do the deal themselves. In my mind, the investor is taking all the risk, so pay them so well (a majority of the profits), that it is a no brainer for them to keep doing deals with you while you learn.
Don't think of it as getting ripped off, look at it as they are willing to spend their money to help you learn.
@AndrewKerr Great strategy and makes perfect sense! how much of the "majority" do you believe is the right amount? Do you ask the cash partner specifically? Offer XX% and negotiate from there?
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