Structure Advice

[Jody Hawkins]

Hi Folks looking for structure advice. I had originally planned to act as a hard money lender for a flipper I know. Turns out I found a property and negotiated good terms with the seller that would baulk if he knew someone else was involved. So I have the property under contract for 115k. My flipper is willing to do all rehab work for all profit over 10K, with provisions for interest for time after 6mos.

Should I buy the property and hire the flipper as a contractor or act as lender and have him take deed to the property?? Any and all advice appreciated.

Thanks