What percent split is reasonable for fix and flip?

[Ellen Brodsky]

Hello all,

If I partner with someone where I fund a SF fix and flip completely and my partner manages the reno, what percent profit split would you recommend?  Thanks!

[Philip Bashaw]

It depends on who found the deal, negotiated with the seller, etc...if you are just providing the funding and your partner is handling everything else, a 50/50 would be fair compensation. I'm about to do this kind of JV deal with a private money lender. He is going to charge the usual points and fees, but no interest.