How would you split a flip?

[Scott Brewster]

I am teaming up with a realtor friend and a contractor friend. I will be acting as the private lender for the entire purchase/remodel, the realtor will be our deal finder/seller and be paid commission, and our contractor will run and manage the entire flip.

Is a 50/50 split for lender/contractor ok here? We flirted with the idea of charging interest for the purchase as well as paying contractor per week for labor but I think we'd both be better if we just pay each other out after all expenses and split the sale profit 50/50. Anyone else have a similar situation like this? Anyone else have a more creative way to split these up?

I appreciate any insight!