All Forum Posts by: Anthony Caiafa

@Tom Shallcross got it

@Tom Shallcross ah ok. I guess when I am saying GC this individual owns the crew and subs out almost nothing. All framing / tiling / Rock / etc is done on the personal crew. In that scenario are you paying for materials or is he?

I agree with a few things on this. The GC is 100% committed and already has a ton of capital behind him. The thing with him is he has been doing this really long and has another focus and doesn't want to run around the area trying to find deals on houses. He just wants to show up at the job and have the team do the work and push a vision. I would essentially be doing all of the leg work. Which makes me think lets split the reno costs. Otherwise They are getting paid for doing the Reno AND profit from the flip. How is that not a win/win for the GC? If they don't show up its no skin off their back. 

Now Tom on your first example is interesting. Now do you pay him before the job / throughout the job / at the end of the job? The second one makes sense. 

I just want to throw a few scenarios together so we all make money. 

I have seen a few threads on this but haven't really seen much concrete information. I have a GC that has built multiple houses for me personally to live in. He is a solid person and we are going to start working some deals together. He has his hands in a lot of different things and made all of his initial money off his contracting business. His staff is great and everyone is real tight. 

I am trying to figure out howto chop this up. I myself will be finding / mortgaging the homes. I will pay the monthly on the note and the taxes. I will be doing the designing of the interior of the house after all the initial work is done. I will be onsite on every house working with the GC figuring out what we want it to look like as an end result. He will be doing the work. I will be selling the house after that. I am 100% going to do a 50/50 split with him. My only thing i am curious about is how people formed the partnership agreement. Besides sweat equity i feel like he has to put money up also. All renovations and budget we would agree on and either split it or he takes on the entire cost and takes it out at the end. 

Thoughts? Ideas? comments?