Upfront fee for JV on flips?

[Collin S.]

For a new investor starting out with no deals, what do you guys think about a joint venture with an established investor for flips? The deal is a few thousand upfront and you bring the deals, the other partner funds the purchase/flip in full and then you split the sale proceeds 50/50. Has anybody had experience with this situation?

[Ryan Zomorodi]

@Collin S. suggestion that you could offer a more generous equity split on the backend, but no money up front. Why would this person need the money up front? 

We never charge upfront fees with our fix and flip partnerships, whether our partner is new or experienced.

I'm very curious what you find please keep us posted!

-RZ