1 party shows the money; the other brings the sweat equity

[Rob Wallin]

I am not an idea guy. I am much more productive taking other people ideas and refining them; hence the questions below in this post.

I want to help my son and his family get into their first house. Neither he or I want this to be charity or a hand out. We are open to any and all recommendations. I have the money to fund the deal & he is willing to invest his sweat equity. What are some creative ideas that you have done in the past and how did you set it up for a win-win situation? For example, do you split profits on a flip 50-50, 60-40, etc.? How would you set up a deal where he would live in the house while we are fixing it up? Once he moved on, how would you suggest splitting those monies? I know this is a wide open question but i hope you guys can give me some really creative ideas. What have you done in the past that worked for you?

[Sarah Brown]

I did this with my dad when I was younger.  We split it 60-40.  The reason he got higher is because he was acquiring all the risk.  I essentially had 0 skin in the game except my time.  Keep in mind that doing deals with family can be tough because you will both have your own ideas of what should and should not be done.