Partnering on a flip deal
Hello,
We need your help! Wehave been presented a deal for a property by a friend who wants to partner with us, he says he would pay 50% of the purchase price. We would pay the other 50% and also do the work for the rehab. None of us have partnered before, any suggestions on what a fair proposition would be in regards to how to split the profit. We would also ask him to pay 50% of the rehab cost. Thank you