Paying Investors on Flips

[Kevin McDermott]

I am new and currently doing a lot of background work before taking the plunge on doing my first flip. I have a list of people who I plan on asking for money from...

My biggest question is how do I respond when they ask “What is in it for me and how am I going to get paid?” 

Is there a generic answer or is everything specific to the flip itself?

Thank you!