Equity Partnership For This Deal
I am a wholesaler. I would also like to start to flip properties as well. If I were to partner with someone who I have in mind (not on the forums here or advertising for a partner here) what would a deal look like if I the wholesaler found the deal and the partner funds the deal and rehabs the property. If we both split the profit and split the costs of the money, would a 50/50 split be reasonable? Would I as the deal provider need to put some sweet equity in to even things out or help manage the project? What do you all think? I would only be providing the deal and not financing it.