How much do you look for in an equity partnership?

[Tom Kuhen]

      This is geared more toward the investors who have done equity partnerships before, but I welcome everyone's opinion. What dollar amount do you look for when you decide to go in on a property with someone. Assuming one person funds the deal 100%, and the other does 100% of the rehab/ project management. I've heard 50-50 quite a bit, but if one is funding 100k with a 25k profit to split, it may not be worth it to that person, or the project manager.

    I have a property under contract, and unfortunately my mentor is tied up with 4 properties right now, making my initial lender unavailable. I have one or two other PL that I could use but are a bit more. I'm also considering a partnership with them and would like a better grasp on how to approach them.

Thanks,

Tom Kuhen