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Rehabbing & House Flipping
HomeForumsRehabbing & House FlippingHow to calculate partnership split profits.
Tuan Dang's profile image
Tuan Dang's profile image
Tuan Dang
  • from Spring, Texas
  • Member since Apr 16, 2013
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Tuan Dang's profile image
Tuan Dang's profile image
Tuan Dang
  • from Spring, Texas
  • Member since Apr 16, 2013
Connect
Tuan Dang
  • Spring, TX
6
Votes |
36
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Rehabbing & House Flipping

How to calculate partnership split profits.

Tuan Dang
  • Spring, TX
Posted Sep 14 2015, 10:40

Hi I am new to this, a partner and I are looking to purchase rehab and flip properties In Houston.

My partner will bankroll the whole thing cash and that is it. I will be in charge of getting contractors to rehab and what ever else is needed.

If we were to split the profits 50/50 , how do I calculate the correct total profit . I know it can not just be as easy as  SoldPrice-CostofHouse-repairs = profit/2. I just want everything to be fair for my partner.  Taxes,agent ,ect. 

Thanks in advance

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