Equitable share in investment and profit

[Jim Pennington]

Hello everyone,

I am considering teaming up with my rehab guy to take on a full house flip project.

He would provide most of the rehabber skills and labor and I would provide most of the acquisition and financing assets and direction for the project. I am a licensed real estate agent.  He is not a licensed contractor and we would hire out licensed work as required.  We work well together and  think it would be a good combination of skills and expertise. My question is this, what do you think would be an equitable split in profits based on our general contributions to the project?  Thanks for your thoughts.