What is fair? and should I do it?

[Victor Spencer II]

I met a private investor that will fund my deals 100% with a 12% interest. There is another investor that knows I have this contact. This investor has contacted me and wants me to fund the deal 100% through my private investor including the labor. I asked what the split would be since I would be providing the money for the deal and they responded with 12%. Then also said that the money should be sent to her through my private lender so everything would be going in her LLC. This is someone I have been going to weekly REI meetings with that is running the meetings. I am just wondering if this sounds normal and the numbers pan out correctly.