How to split profits or money on house flipping?

[Brian Douglas]

Hello all me and my uncle are wanting to flip a house. He said he would buy the house and materials well be the "investor" and I would be the contractor. After fixing up the house and the house sells what is the general percentage split in a partnership like this? His proposal was that here is an example... he puts up $25k that's house and material to fix house and I do the work. Then we sell the house for $50k he said he would get his original $25k back and then we would split the other $25k 50/50. I dont quite think that's fair but I'm not sure what flippers normally do? I know he is putting up all the money but I'm doing all the hands on labor. Any helpful advice is appropriated. Thanks