How to split profits on rehab and rent properties

[Monisha Nabar]

I will be providing financing for purchase and rehab of SFH while my partner will be actively finding the property and overseeing the rehab. We want to hold this as a rental income. What is a fair way to split profits on this transaction?

How would we split if I finance 100% of the deal

How would we split if I take a mortgage with 25% down and I finance the entire rehab costs.

Appreciate your inputs, looking for cfreative ways to make this fair for all parties.

[Cristian Aviles-Morales]

I know this may not be the answer most people agree with but...

If ultimately only YOU are putting money in the deal and your 'partner' has no skin in the game, in the sense of MONEY/RISK.. then you shouldn't split profits at all.

You should PAY HIM for handling the rehab. Like a contractor. Here's $10,000. Make it happen.

That's just my opinion though. I have found myself in a similar position with a acquaintance who knows ALOT about house work AND has the contacts. But wants no desire to put money in. 

If that's the case, I'll just pay him for his time. 

Am I wrong in thinking this BP? Now would be the time to tell me because I'm still green myself, haha.