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Updated almost 9 years ago on . Most recent reply
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Approaching a potential parnter
In my search for a team, I have come across someone who is an experienced flipper on a part time basis (1-2 flips/year). I am considering asking her to partner up with me so I can have someone oversee my first flip while I am not there since I live out of state for the time being (my area is out of reach for me at this point). I could fund the deal if she could be my project manager with my realtor being her daughter-in-law and son being the GC. Do I suggest a 50/50 split to her as the project manager, with her son and daughter-in-law getting typical wages and commissions?