Contractor Partnerships Fair Profit Split

[Kira Volpi]

I have read several posts on this subject but none I could find that spell out my potential situation. Here it is:

I'm contemplating a partnership with a contractor.

I would provide 100% of financing and rehab cost of materials.

He would provide finding property

Rehabbing the property

However, I would have to pay him for his labor and his crews labor.

I know that isn't ideal for me as a funding partner but here is what I think he can offer me at least for the short term since I am new to this area and don't have a team or knowledge of areas to invest.

He can find properties that he has been doing as an investor himself. He can, if he is forthcoming about his true costs, provide better prices on materials etc.

I am weary about him not having any true skin in the game but it is a risk I'm willing to take since the property will remain in my name and the price of the properties could be potentially low enough so if I loose it won't be huge money.

Looking for input and suggestions of what a "fair to him and to me" split would be.

All input will be greatly appreciated and "YES" I would love to hear from contractors as well.

Thanks!