Partnering with a Contractor

[Alf Holst]

I have had a construction crew work on 2 of my properties. The project manager and I have similar interests in flipping and/or rehabbing rentals.

I like the level of professionalism from him and his crew of about 5-8 people.

I want to do my first flip and partner with his company. I would just be able to bring the financing side to the partnership. He would bring in the work to flip the property to sell or rent.

We are both willing to invest a maximum of $50k each on a deal.

How would you split up the profit from a flip in a situation like this? Straight up 50\50? Or something else? Who should get the larger cut of the profit? The financier? Or the one doing the work in rehabbing the project?