Contract agreement

[Ruben Torres]

Hello investors. I am particularly new in real estate investing but I have gone and connected with local realtors and investors in my city. I was given a proposal of an agreement that I would like some more insight on. I was told by an investor that would like to help me grow but we would go under contract while I go out and cold knock and call and bring him deals. Every deal I find I would get 500$ off the bat and 20% of the profits whether it would be fix & flip or buy & hold. The buy & hold will be put into a living trust, I'm not sure if I want to accept because I feel it will limit me in profits and I eventually want to want to have my own buy and holds to leave something for generations to come in my family. I do know his knowledge will benefit me in many ways but I'm hesitant on signing a contract. May I have some thoughts?