How to split up the profits, etc. with cash investors

[Moshe Wolfe]

Hi Folks,

I got a potential deal, and I won't be funding it with my own money, an HML's or the bank's. I found some folks that told me to find a deal and let them know, and we'll discuss terms.

Here's my question:

What are the general terms you'd set with someone who's potentially footing 100% of all the involved costs of the purchasing and other associated closing, repair, and due diligence costs? Are they considered a partner? If so, what percentage of the profits would they potentially receive?

Thanks in advance!

Mo