Flips with a partner who is a general contractor.

[James L dodd]

How would you go about splitting the profits if he does the contractor work?

[Scott P.]

I haven't done that arrangement - but I've given it some thought.  

If you're talking a house flip, I could be either of the two parties, based on my experience and funding ability.  So it see it from both sides.

I would recommend both parties do their normal deal, i.e. the Contractor gets paid his normal way.  Then, any true profit after that gets split 50-50.

There are a lot of nuances about how either of the parties may get paid "normally" but in general this is the approach I'm toying with taking if I try this scenario some day.