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Updated over 3 years ago on . Most recent reply
Building with a partner
Hello all, if you were to invest 50/50 on building a new home for selling purposes with a partner and the partner agreed to do all the work what would be a fair split of the profits?
80/20, 70/30, 60/40 etc
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Bruce Woodruff
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Originally posted by @Ivan Loza:
@Bruce Woodruff we would provide the money 50/50 for land, material and labor but he would manage while I would only list it since I’m also a relator
IMO, managing a project like this on day-to-day basis, for let's say, a year is bringing way more to the table than a realtor will. So maybe a 60/40 split in his favor....