Should I partner with my Contractor?

[Chris Sills]

I have done a few small real estate investing deals that were very successful and I am looking to get more involved. I have a contractor I use for renovations and I have credit/cash for purchases. He would like to work together and split profits. If you have done this before.. is this a good idea or would it be better for me to pay him? Seems like it reduces risk on my end but also cuts profits in half. Thanks for your advice!