I was asked to invest money in a flip...
I have a close friend who starting flipping houses in the Toledo OH area. He mentioned that he is trying to find investors that will finance his flipping projects, and receive a return on their cash. If I decide to invest in a flipping project, how much should I expect/ or request as return on my money. For instance, If I finance the purchase of the house and finance the whole remodel project, should i expect 50% of the profits. I understand that the house would have to be in my name to protect myself, and check to make sure he has a track record of success.