Hey Investors,
Hope you’re all doing well!

I wanted to reach out and get some advice from you guys. I’ve done a couple of fix and flips in Georgia in the past, but now I’m looking to explore the Florida market. I’ve been searching for a solid fix and flip deal in FL for a while now, but haven’t found anything yet that looks like it would generate a strong profit.

There’s an investor/agent I’ve been in touch with for the past 6–7 months. I usually run properties by him and he gives me feedback, comps, and general insights. He does his own fix and flips as well, so he knows the game.

He recently came to me with a deal and asked if I’d be interested in investing with him. The numbers look like this:

• Purchase Price: $290K

• Rehab: $65K

• ARV: $440K

• Holding Period: ~4 months

• Funding: He’s using a hard money loan and is looking for a $65K investment from me.

Now, my question is—what kind of return should I be expecting or negotiating here? Should I go for:

• A fixed return amount?

• A percentage-based return?

• Equity/share in the project?

What’s typically fair or standard in this kind of partnership, both from a legal standpoint and to protect myself?

Appreciate any thoughts, suggestions, or red flags I should look out for.