Negotiating a rehabbing/flipping partners

[Nichole Ovens]

My boyfriend is a remodeler/handy man. After moving to the area we got involved with a local REI flipper who seems very motivated. I would like to partner with him or come up with a win/win solution where my boyfriend instead of just making money from the remodeling work...could also share some in the profits on the sale.

He underbid the first job and worked 12-14 hour days for a month straight to get it done for less than $5k. The investor is looking at making $20-$30k. It was a great learning experience, but we are interested in applying the learning from that flip and a flip we are currently working on to make a better return on our effort. 

I don't want my boyfriend to burn out before he learns how to make his talent more profitable. I love real estate deals and want him to be included in the rewards that it can bring.

Any advice?

[Will Barnard]

So based on what you stated, other than the labor of doing thecrehab, what else can your boyfriend bring to the table that would warrant a share in the equity? Money, finding the deal, managing the deal? Or?

Without something else, there is nothing of value that would warrant the need for any investor to partner.