Question: Partnering for first flip and profit split

Question: Partnering for first flip and profit split

Dustin FikePro Member
Investor · Orlando, FL · Member since 2021 · 20 posts · 11 votes

I am just starting out and would like to partner on a flip with someone experienced who is willing to teach me.  I have saved up and am willing to take on all the financial risk by bringing all the cash needed for the deal for down payment, renovations, etc.  I also have plenty of time and effort to put into the deal in whatever way necessary.  I am looking to partner with someone with experience to take me through the whole process: bring the deal and show me how they found it, show me how they estimated the rehab, bring in quality vendors/contractors, etc.  What would be an appropriate profit split in this scenario?  Has anyone been party to a flip partnering like this who can speak about their experience with it?

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  • Lender · Washington DC · Member since 2015 · 2k+ posts · 2k+ votes
    5y

    I advise against partnering. Who holds the purse?

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