Investment/Fix and Flip Finders Fee/Split Help.

[Daniel Hansen]

So I have done 3 fix and flip rehabs alongside my managing broker, on all 3 she has come across the property through her network and was able to purchase all cash below market value due to a variety of reasons on the sellers side. On all 3 properties, I have manages the flip because of my background in residential construction, including performing all carpentry work myself while subbing out other facets (electrical, plumbing, etc...). HOWEVER, I recently came across a home run off market deal via talking to a new neighbor of mine looking to sell her deceased parents' family home here in Denver. This neighbor was looking for an all cash, no contingency buyer willing to purchase the property "as is", and if anybody knows the Denver area right now, she would be able to find multiple interested parties. It just so happens that I recently moved in down the street and while introducing myself, got to talking about this subject property. Fast forward 3 months and we're under contract as of today to purchase the property!! My managing broker and I are floored, as the numbers are telling us this could be the most lucrative flip yet.

My question for you all is this: On the previous 3, because she has been the one to procure the deal, purchase the deal, and then resell the remodeled home, I have been paid on an hourly basis to manage/work on the properties. For this next one, we've loosely talked about a split at the end of the project but I am trying to hone in on an appropriate percentage for that split. Keep a few things in mind -

1.) My managing broker funds the purchase/remodel 100% - she acts as the bank and has complete financial investment into it.

2.) I found the deal, procured the sale, represented the seller (I have my RE license as well) and have 100% brought this deal to life (aside from the fiscal purchase, obviously).

3.) I will be running the entire remodel, including pulling permits through my father's GC company, performing ALL carpentry work myself, and will be hiring subs on an as needed basis.

4.) My managing broker and my girlfriend will be doing the entire design/layout themselves, keeping this in house.

SUMMERY: Managing broker is the bank, I found the deal and will be run the entire remodel myself, managing broker will list/resell property at the end.

So what do you all think would be a fair split/breakdown of profits? Should I continue to charge my going hourly rate for carpentry (which I have always done with her) and then take a smaller percentage of profits on the back end? Should I "work for free" in the sense that I'm not paid hourly because the splits on the back end are higher? Just looking to get some opinions regarding all of this, anything any of you fine folks can provide would be greatly appreciated! Thank you in advance!