Joint Venture - He Has the Capital, I Do The Rest

[Account Closed]

My business partner is a Brit. He has the downpayment for the initial investment. 20%. I have the expertise. Am a realtor. Will identify the property, and either flip it or rent it out. What should be our partnership split? We've not yet done an agreement and I don't want to do much more before we have a contract. I'm hoping to do a number of deals with him. He describes himself as "the silent partner." 

[Bruce Lynn]

Why be a partner, and why not just be his agent.  You make money of the buy or sell or rental.  Partnerships are tough enough for people who know and love each other and plenty of them fail.  Probably worse if you don't know the person and they are far away.   Be his agent, not his partner.