Partnership for investing , General contractor and investor

[Marcelo A.]

Hello Family of biggerpockets , I need some help here.

Im a GC in New Jersey, i flip in Pa myself,  but now is time to do it in the  very the hot market and expensive estate of new jersey, Here is the situation.

I have an investor willing to work with me in the fliping houses game, here is the strategy, 

He buys the house cash  and pays all legal stuff  and materials for the  reno, i provide labor and finding the deal, then when the house gets sold, we split the profit 50/50, is this sounds fair for both parts?. Any idea of  better options, thank you family.