Investing with other people's money

[Genera Tiffany]

Greetings everyone reading

I am brand new to real estate investing. I currently have a couple liquid foreign investors who's providing me money down on flips. I've decided to work with a friend who's been in the business for over a decade and very trust worthy.

My setup is investor puts in cash for down payment and upfront fees that we will incur . I will finance the rest of the flip and rehab. My friend with the experience will charge the below . Their company has contractors they utilize on a weekly basis for current deals.

• Their fee 3% commission on the sale when purchasing.
• 6% commission when we sale.
• 5k for rehab jobs 16k and over
• 2500 for rehab jobs 15k and under - misc $1000 buffer 2500 still applies

My question is are the above fees too high or is it normal? We intend on maintaining multiple deals if the first flip is time worthy for us in terms of roi per flip . Please offer any advice you can or negotiation tactics that I can counter offer to my friend's company. I know some of you will say well why don't you just save money and learn to do it yourself, that is my plan but I rather learn as much as I can now with utilizing my friend's veteran experience. In the future eventually fly on my own :)