Investor/general contractor partnership
How much should the split be if I am a realtor I can assist in finding the house along with the GC finding the house I'm carrying all the risks of financing, my credit card for material until draw and 3% for design he however is loan originator, therefore earning off of my loan, as the GC, he wants to be paid for service as well as subs, he wants to be paid administrative fees of 3% of the loan, construction management 9% and construction reno o/p 25% ...he will carry labor until bank draw. Oh he also wants 40% of the profit. Please share your thoughts and questions.