How to split up this scenario between investors/partners?
In my rehab flip business I find/make the deal, I make the decisions and help on the whole rehab project, I close the deal..
My friends/partners want to invest with me and they will be taking a share of the profits depending on how much money they put in.
example: purchase price=420k rehab,closing,etc=60k sold=570 (90k profit)
Im the brains and keep up with the whole deal as stated above and I put in 80k on the project
one partner put in 200k
the other put in 200k
How will the profits be split fairly? Or what is a good formula for this? Thank you!