First flip - advice / financing

[Nick Phillips]

Hello! I'm looking for advice on how to structure a deal to work with an investor for a fix/flip strategy. What is a good split so I am able to learn and also give a great return to an investor? I am looking to build up starting capital to eventually go into the BRRRR method.

Thank you! 

Nick

[Caleb Brown]

Who will be doing what roles? Is the investor financing and you do all the leg work and managing? 

[Luther Wilson III]

Right on, @Nick Phillips.  There’s quite a bit to unpack there.  Are you bringing the deal and the capital or what? Who’s heading up operations and such? 

Like @Caleb Brown said, it depends on your respective roles and such.  A 50/50 split could work out well if you or your partner is just the capital portion and the other is doing all the work.  Then again, it’s whatever you can negotiate and the two of you agree on. You could consider taking a smaller split to incentivize your partner. 🤷🏾‍♂️

Let us know what you had in mind!  🙂