Joint Venture terms

[Reed Starkey]

A local flipper presented me with a house flipping JV opportunity. She already has hard money lined up, but needs me to fund the 20% up front and the rehab costs. She will be handling the contractors, so I will mostly be hands off of this investment, but it is my money in play. I am wondering what percent of the profit should I ask for?

The numbers will look something like this:

Purchase Price           140,000

Rehab Cost                 50,000

ARV 260,000

Thank you.