Helping Friends get started

[Alfredo O.]

So I have a friend who wants to get into the flipping business as well.  I don't mind helping, but I am trying to think of a good and fair way to move forward with a property.  Suggestions?

I don't believe he has the cash to get started (meaning buying the property) so chances are I will have to pay for the property.....

What is fair....?

If we split rehab, 50% of profits don't seem fair if I have am buying the property.....

[Yousef Reda]

@Alfredo O.usually someone will give money to an investor if they have a value to bring into the deal. If your friend can bring some type of value you cant like an ability to find excellent deals then its better to have 50% of a good deal then 100% of a bad deal.(Quote stolen from Brandon Turner). 

Otherwise if hes not briniging anything to the table you may just want to get that initial start up cost that you put in through profits then split the remainder 50/50. So overall you both paid the same amount. Many ways to skin a cat this is how I would consider it