Private money lender wants to partner up. Now what?
I found a great deal recently which attracted the attention of a private money lender whom I know and trust.
She wants to go into a house flipping business with me. She would provide all the money and I would do all the rest including deal finding, managing rehabs etc. She has enough money that we can do multiple deals at once which is attractive to me because I would only be able to do one at a time at this point. We haven’t agreed on a percentage. What do you think? Is it reasonable to ask for more than 50% of the profit? Finding deals in my area requires a lot of marketing and driving for dollars and my time is valuable since I’m currently working and raising a family. Seems like a fantastic opportunity but I would appreciate your advice. Thank you.