Partnering in Deals - I do the work while my partner puts most of the cash

[S L]

Sorry if this question is repeated in the forum. I'm a first time investor who's looking to buy and flip.

I have a partner who is willing to put up cash (75% of the deal) and his role is basically as a financier while I do the work(finding the property and managing contractors).

So for example
100k house = 25k mine, 75k his
But I do almost all the work

1. How would I structure this contract for the profits?
-25%/75% (mine/his)
-35/65
-50/50

2. And would this be the same structure for the losses?

3. Any other tips that would be good to add?

Confused but optimistic,
-S

[Jon Holdman]

The usual split is 50/50. But that's for when one person puts in all the cash and another puts in all the work. Since you're also putting in 25% of the cash, I think you get a little more. How about 50/50 on 75% of the deal, and you get 100% of the 25% where you put in the cash. That nets out to 62.5% for you and 37.5% for your partner.