HELP! Unusual fix and flip partnership
I'm looking to do a some real estate investing. I met met with a couple of guys last week who are looking to bring on a partner for their new real estate venture. We are looking to fix and flip at this point. My question is how best to structure this partnership. One guy is a small business owner who has some contacts and is business savvy but does not have a lot of capital to invest. The other guy is a general contractor with ton of experience working on fix and flips for other investors but is wanting to branch off and become more involved with the investor side of things. This guy also does not have a lot of capital to invest and would still need to bill for the hours he's working to fix and flip any investment properties we buy. The main thing I bring to the table is cash. I have about $100k I could invest into projects. Would I be better off. Being more of a silent partner? What % of any profit should I expect to earn on my investment. Any help would be appreciated! Thanks!