Working with Wholesalers who are also Rehabbers?

[Angelique F.]

Hi, I'm really new and still trying to understand as much as I can before I make any moves and I'm exploring a lot of different types of real estate investments. So my latest scenario involves a wholesaler/rehabber whose deal goes a little something like this.

He finds the deal, I purchase the house and I pay for the rehab, then we split the profits 50/50? This does not sound right to me since I'm the one funding the entire project.

Is this the normal structure of a wholesale deal of this type?