Realtor wanting to share in the profit of a buy and flip job
I’ve been using the same realtor for my last 4 rental properties. Each deal has gone well as a buy and hold investment. He has recently approached me about a buy and flip deal that is currently off market, and he says this will garner an easy profit of $25k after doing the necessary updates. Here’s my issue: he says he wants the profit of anything I make on the deal if it’s anything over $25k so that he has “skin in the game”. Is this normal or is he trying to pull one over on me? I feel like if I’m the one taking the risk on this investment I should be the one making the money. Would love some feedback on this one!