Private Money Terms Ideas

[Clayton Hutton]

Hello fellow BP members!

I am making my way through the baby steps of investing in real estate and was looking for some feedback or ideas where I could find information on private money terms. I have a few friends who are interested in investing in Realestate to some degree with me. They are more on the time poor end, and are interested in just providing the cash for the deal. 

Is there a general rule of thumb on what is considered a fair way to split a deal? Say if they come up with the money needed for the down payment and rehab but I took care of all the leg work, would that be something worthy of a 50/50 split or is like a 70/30 - 60/40 more likely to fit that bill? It would be with friends, so I want to make it a fair deal.

Thanks ahead of time for any info, ideas and thoughts,

Clayton