Partnering up for flips

[Reba Vera]

Hi BP fam!

Question for those that have partnered with a GC before, how have you structured the partnership?

I have been presented with a partnership opportunity to do flips. Short story: he is our GC who just finished our current rehab.

During our final walk today he mentioned partnering up. He is willing to bring most of the capital and finance the entire rehab. My role would be to find the deal, get it under contract and make sure the numbers work. I am totally comfortable with that, however, I'm not sure how to structure the split of profits. We haven't discussed that yet. We are meeting next week to discuss further and I would like to come in with an informed decision.

Your thoughts are greatly appreciated, thanks!