How do I convince my dad to fund a flip?

[Eric Mauricio]

Hello, BP fam! I don't have money, but my dad does. However, once he sells his small business he plans on moving out of the country and will use his money to build a house there. I'm not sure what his timeline is, but I'd like my timeline to be now. I want to get into flipping and have been actively reading The Book on Flipping Houses by @J Scott, which has been great thusfar! I'm thinking a 50/50 split because I would handle everything since he lives a few states away.

So, if I find that "good deal," what is the best way to show him it's worth his money? What would be a back-up plan that I can show him? Would I be able to finance through a bank or lender (such as a home equity loan) if I fail to get his money back?