Partnership with Contractor (Sweat Equity)
I'm renovating a triplex, my contractor did an excellent job renovating the first unit. We discussed a partnership and agreed to him collecting 10% of sale proceeds, in exchange for his sweat equity to renovate the remaining two units.
I'll be paying his helper weekly, and reimbursing him for materials.
Has anyone done a similar arraignment? I'm looking for a sample contract to draft. Any help is appreciated!
many threads on here about partnering with contractors. most end with terrible results
Dustin would love to know how this turned out as well as what you all agreed to in the end?
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