Doing a flip with somebody who has zero capital

[Frank Inman]

I'm interested in getting into doing a flip with a friend of mine. I have the capital, he's a handyman with a lot of connections in electrical, plumbing, paint, carpeting. Let's say we have  successful flip. What is a reasonable % of profit to give him? I would be buying the place, paying for material and he'd be there working on somethings and arranging other repairs he can't do to be done.

[Paul Bowers]

Seems like your providing half the equation, capital, and he is providing the other half, labor/management.  Seems like a 50/50 split would make sense for both of you.