So..landlords..worth it?

VeryHappy
Sat, 16 Feb 2013 16:20:54 +0000

My contractor and I are considering going into business together, but it may just be a pipe dream. We’re thinking of buying a cheap house to fix up and flip. I’d provide the cash and the taste, and he’d do the work.

How would this be structured so we both come out ahead? I could buy the house outright by myself and just hire him to do the work, but I want to share the risk going into it and, in exchange, also share the profit.