Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Rehabbing & House Flipping
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 8 years ago,

User Stats

11
Posts
3
Votes
Jason Hanis
  • Investor
  • Mamaroneck, NY
3
Votes |
11
Posts

Partnering with a contractor on a flip

Jason Hanis
  • Investor
  • Mamaroneck, NY
Posted
So I'm about to do my first flip. I have 2 other partners that will be part of the deal. However, a contractor friend of one of the other partners brought us the deal. Obviously he thinks he should be "in" on the flip's profit in addition to being the general contractor doing the work. I feel like this isn't the optimal set up for the deal and will avoid this in the future.. Being what it is, what do you guys think is the best way to structure the deal? My group of 3 partners are ponying up all the scratch for buying the house, construction costs and holding costs. Thanks in advance for everyone's help!

Loading replies...