Potential Partnership with an Agent

[Johanna Rodriguez]

Hello All!

I am a new investor looking to flip my first home, of which I am very excited/nervous about but ready to get going!

I met an agent awhile back who has become a friend and is very knowledgable as far as working with investors, finding good deals, running comps. etc and after I approached him with this new project (of which I will be providing 100% financing), he offered to partner with me. He will not be bringing any financing to the table, but once again has the knowledge of which I will have to go through a larger learning curve if I don't partner with him, though I truly believe I can learn eventually. He also states he could help in cutting down on wholesale fees, unnecessary title fees, commission etc. 
My question is:

1. Whether I should partner with him on my first flip or two in exchange for the knowledge and contacts he brings to the table and

2. If so, would a 50/50 split be reasonable since he wont be bringing any financing? 

I have done plenty of research, listened to hundreds of hours of BP Podcasts, and will be reading both “The Book on Estimating Rehab Costs” and “The Book on Flipping Houses” this weekend.

If I Partner with him I might learn faster in exchange for less profit or teach myself, make mistakes, and keep more profit (maybe?). 

[Roger Hefner]

@Johanna Rodriguez or you can ask for escrow discounts as a investor let him have the resale listing. Has he shown you any of his past flip deals? Always maintain control. He may be a nice guy but you dont know until you find out. Make him work for you and earn his way into 50 50 splits later..hope I make sense. Good luck