A partner situation?

[Greg Gerken]

I’ve been looking to do my first deal for quite a while..... I’m well versed in house flipping, I’ve studied, networked, educated myself etc....I was approached by a contractor friend of mine who shares the same goals. He is a general contractor but knows nothing on the real estate side. I’m currently in school to obtain my real estate license, and have been studying my local market and going to meet ups for a while now. He’d like to partner up. He has access to enough cash to fund a flip. He can do the work. I need to find the right house, run the project, market the house for sale etc.... what is the best way to structure this partnership?