Thinking about partnering with a contractor.

[Ben Hoekstra]

So what I’m thinking about doing is putting up the money for a flip my self. Then working with a contractor friend of mine who would then put up labor and materials and after we would split the profits off the percentage of investment we have at the time.

I’m wondering if this is a good idea?

What kind of risks could arise?

What sorts of things would I need to be doing to protect things?

I feel as though this could be a lucrative option for all parties involved but I’m not sure if this is something that people do a lot of it’s safe and makes sense to do? Or if it would be better for me to take on the whole cost and profit my self with all the risk to control more of the deal. Any advice people could give me is much appreciated.

[Ben Hoekstra]

@Samuel Fletcher Hardy yeah I mean I wanted to just totally find the flip and rehab cost but he said the only way he would do it was with skin in the game. So he puts up labor and material I buy. I mean I trust the guy and would like to work with him. Is this a pretty common practice? And if so what kinda contracts would I have to get drawn up? Any ideas?