Updated almost 8 years ago on . Most recent reply
Doing a flip with somebody who has zero capital
I'm interested in getting into doing a flip with a friend of mine. I have the capital, he's a handyman with a lot of connections in electrical, plumbing, paint, carpeting. Let's say we have successful flip. What is a reasonable % of profit to give him? I would be buying the place, paying for material and he'd be there working on somethings and arranging other repairs he can't do to be done.
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Seems like your providing half the equation, capital, and he is providing the other half, labor/management. Seems like a 50/50 split would make sense for both of you.