Partnering with a Realtor

[Ryan Mortimer]

What is a good way of splitting profits for flips if I partner with a realtor?

I ask because I recently had a realtor reach out to me that I've worked with in the past who wants to partner with me on a flip. He is seasoned agent but with no rehabbing experience but wants to learn and help and will bring cash to the table for the deal. I have a half dozen flips under my belt and a new construction build. Lets say we go 50/50 on acquisition and rehab costs. He gets commission on the front and back end as the agent. Is it normal for the commission to be shared if partner? If so, what is a reaaonable split? I would have lead during the rehab but he would have lead on purchase and sale so would a 50/50 profit share to include commission be reasonable?

Any advice on how to share profits would be appreciated.

Thanks.

[Sam Shueh]

He needs to share 50% of all expenses. Most realtors can not get much loan due to nature of his un-predicable income as 1099 and have terrible credit score issues. He can use his commission as part of investment. But you can not share his income as it is not legal. Likewise he will not get 50% of your income. You will still pay him for listing and marketing.