Splitting Profit on a Flip in a JV

[Ryan Saldanha]

So I have a partner that is willing to put up a large amount of down payment on a hard money loan so we can flip a house. I will be doing all the work under my own LLC and physically running the rehab, my partner is solely providing the capital.

How do you recommend splitting the profit? What about tax applications?

Excited to do my first JV deal. Thanks!