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Is this normal structure of for investor purchase with profit share?

I’m looking for some advice/thoughts on selling to investor and splitting profit- my first post on this and not sure if here is appropriate, please advise.

I’m in an urgent need to sell my place due to a looming foreclosure proceeding- I filed ch13 last year with ability of retaining my house, however I since lost my job. So the option I’m considering from an investor is as follows, as I understand:
- purchase price investor pays to me $450k (received at closing)- similar but better condition unit to mine sold for $650,000 last week. -2 months rent back to me for minimal amount

-investor does flip with necessary changes/improvements and flips property.

-investor and I split profit from flip at 50/50.

Is this a common structure? I totally trust my realtor - used her to purchase same place in 2013. Also, I have a good chunk of equity but am unable to do changes needed to flip myself due to time constraints. Ask me any more needs to know

submitted by /u/murderthumbs
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/1e7tarb/is_this_normal_structure_of_for_investor_purchase/
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