House Flipping Advice

[Richard Miller]

Hello all!

I would like to know if anyone has done deals where you pay someone for experience. I would like to try some flipping, but do not have much experience. I figured my partner and I could pay someone a percentage of the profit. Then..what if there isn't any profit and we take a loss. Just a few things I've thought about. Just curious if anyone has done any deals like this, would like to know if you were the one with experience or money. What percentage is fair? Thanks in advance for any input or ideas.