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Updated about 5 years ago on .

User Stats

45
Posts
5
Votes
Kenneth Moerschel
  • Rental Property Investor
  • Brooklyn, NY
5
Votes |
45
Posts

Partnership contractor with or without money

Kenneth Moerschel
  • Rental Property Investor
  • Brooklyn, NY
Posted

I was approach by a Contactor who introduced me to his agent that helps us do our 1st flip.

I was asked to come up with a #. What is typical if I partner with a contractor a) who’s putting $. And b) who’s not putting $ ?

If I am putting all the $ and I am getting the work at cost then why should I share equity?

Do I ask for 90/10 ?