Partnership Profit Split

[Jimmy Harris]

I have a partnership with a partner where we are 50/50 owners of several rental properties. We have taken out a LOC on the equity in our rentals to fund flips. I will find the properties to flip, manage the contractors, handle the accounting and most of the day to day activities for the company (until we can scale up). What is the normal profit split on this type of partnership?

[Jimmy Harris]

Quote from @Stephen Gibson Jr:

How do people usually find partners? Any suggestions on how to go about this? I'm looking for small multi family in Philadelphia. 

Bigger Pockets is a good starting point. Join REI Facebook groups specific to your region to meet local investors who may be looking for partners.