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Updated over 4 years ago on . Most recent reply

Dustin Bowersett's profile image
Dustin Bowersett's profile image
Dustin Bowersett
  • Developer
  • from Orlando, FL
  • Member since Feb 18, 2016
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Dustin Bowersett's profile image
Dustin Bowersett's profile image
Dustin Bowersett
  • Developer
  • from Orlando, FL
  • Member since Feb 18, 2016
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Dustin Bowersett
  • Developer
  • Orlando, FL
0
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Real Estate Deal Analysis & Advice

Partnership with Contractor (Sweat Equity)

Dustin Bowersett
  • Developer
  • Orlando, FL
Posted

I'm renovating a triplex, my contractor did an excellent job renovating the first unit.  We discussed a partnership and agreed to him collecting 10% of sale proceeds, in exchange for his sweat equity to renovate the remaining two units. 

I'll be paying his helper weekly, and reimbursing him for materials. 

Has anyone done a similar arraignment? I'm looking for a sample contract to draft. Any help is appreciated! 

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