Fix and Flip with contractor partnership
I've been wanting to get into fix and flips for some time. Close family friend and realtor has suggested I try partnering with a General Contractor she knows well and has worked with in the past. The GC is wanting to get into fix and flips but cant find the deals and also maybe short on capital. I can find and fund the deals. We both bring something of value for each other. In this scenario, what would be a fair partnership structure and splits?
I would want to continue to do this and build relationship if all goes well on first flip. Please help as I am not sure on how to make it fair for both parties.
Most Popular Reply
Don't overthink it. Go 50/50 and he will do some of the work and source the materials and also schedule and manage the subs. The GC should be able to get materials at discount/wholesale prices and not charge overhead for the job since he is going to be getting half of the profits.