Deal splits with team members

[Michael Gee]

Hi everyone! I wanted to get some input from people about how they split their marketing costs, profits and how they handle it amongst their REI team. Right now, there are three of us who want to run a wholesale business but there is confusion with how we want to divide up the work. Here is the scenario:

Three team members who want to wholesale properties virtually.  One is a boots on the ground and the other two do the marketing with one paying for the marketing and the other is answering the phones and processing the leads.  

Is this fair to say that after a deal closes, the boots on the ground guy gets 50% for signing contracts with seller, finding the buyer and closing the deal and the other two get 25% each for the marketing and processing leads?  I am not sure how to work the numbers with this so I am curious to know how other BP'ers have it set up with their team.  Thanks for reading and have a great day!  

[Hattie Dizmond]

I can only speak for my personal situation.  I have 2 partners, one of which is in the market we target with me and the other is remote.  We each have different roles, different strengths & weaknesses.  We also have different time availability, as we are all 3 employed full-time.  Things are not always equitable on every deal in terms of who is doing the most work.  However, we have a straight 3 way split on net profits...period.  If anyone has an expenses, they are reimbursed for their expenses separately from the profit splits.  We consider the cost of doing business...primarily marketing...no different than expenses directly related to a deal.  All costs are covered, before net profit is determined, split and paid.