Building my team strategy

[Howard Gale]

Hi, I am in the early stages of building my team for my first BRRRR project. I have found a skilled contractor that I trust. I have spoken with him regarding my interest in real estate investing. He is interested in partnering in a project. He would be willing to do the rehab work at cost and I would provide the funding. I am interested to know if any fellow investors have had a business arrangement like this and what is a fair deal to offer my contractor partner? I was thinking a percentage of the profit after the refinance. I would appreciate any thoughts on this.

Thanks,

Howard