Updated about 7 years ago on .
Partner in a Fix and Flip
I have an opportunity to invest in a fix and flip out of state deal. I would be putting up the 20% downpayment, closing cost and rehab cost. My partner will be the borrower on the loan and will manage the rehab after closing and through closing on the resell. What kind of % should be set up in this type of partnership and deal?
My partner is a successful investor in a certain area, he has access this fix and flip foreclosure deal and is in escrow right now. I can join this deal by offering the 20% and rehab cost. I like the deal and mainly looking for feedback on what kind of % is fair for putting up the finance up front.