Common equity partner splits?

[Sean Johnson]

I found what is shaping up to be a good BRRR house but don't have 100% of the cash needed for the purchase and rehab. I have a few friends that are interested in REI and I plan to reach out to them to see if they are interested but I would like to have rough terms to present to them as well.

If, for instance, a partner puts up 50% of the cash needed but I continue to do all of the leg work, are there widely accepted equity splits so that I am both not ripping the partner or myself off?  75/25, 60/40?  What have you guys done in the past?

I plan to also ask if they would rather just loan me the money as well but my suspicion is they would rather have equity in the deal.

Thanks in advance for the help,

Sean