I was approached by an aquaintance about investing in real estate. She had no idea that I was involved at all,or trying to be involved. I do remodeling and had done a little work for her in the past and she aked if I ever thought about doing a flip. She has quite a bit of money and really wants to get into real estate and would like me to be the contractor and she be the money person. She will back the projects 100%.
I need to talk with her about the details, I was thinking about a 50/50 split with the profits and creating some form of document for us to sign.
Does anyone have any suggestions or advice on moving forward?.
Thansk alot, James