Services In Exchange for Partnership - HELP

[Robert Feinstein]

Hey BP nation, I have a question and could use some advice. I am an architect, designer and project manager with over 25 years in the business. I have owned rental property, flipped a few house in NJ. I am now currently working on a row-house renovation to rent in Philly. (separate from my question, just a little background on my experience) 

I have architecture clients that have invited me in on a piece of a deal flip deal. They are bringing the cash and I am bringing the experience. My Question is  - Can I / Should I get paid for my services as part of contribution/expenses when we settle on the property? They get their principal returned to them, should i in return get my sweat equity back? $30-35K in time and my 25+ years of experience?? I wait till the end like they do. Any advice?? thanks in advance.

[Robert Feinstein]

that's it exactly. I would say if my "equity" is the services I provide as capitol investment it would be fair (more than fair) we pay out dollar to dollar with them on the cash they invested. But generally speaking we are an agreement, this does get accounted for and not just put into the deal never to be seen again. really appreciate your input. would love anyone else to chime in, specially if they see it differntly then Jared and I


Originally posted by @Jared W Smith:

@Robert Feinstein If I am hearing you correctly, you'd be paid for an agreed to sum for your Professional Services + 15% equity, correct? That seems to be more or less the route I'd be looking for. I'm sure you are aware, this carried an inherently greater risk different than a typical Architect-Client relationship. However I'd argue that your prof. service fee be paid out before anyone gets equity cuts, in case the sale is not as lucrative as planned, you still get your fee. A safe guard of sorts I guess.