09-27-2006, 08:11 AM
| | Investing with a friend what is the split
I am going to try to buy some houses to flip with a friend of mine. We have both done it before (he does it as a full-time job), but niether of us have done it with someone else. He is going to buy the house and I am going to pay for all of the repairs. He is going to get the contractors and manage the process.
Clearly he has more of the burden, but what is a good split on the profits? Has anyone else done this? Where they successful?