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Updated over 4 years ago,
Fair Compensation Percentage For Extra Work In A Partnership?
Super new to investment. I'm starting a long distance property investment partnership with two other people. It is an equal partnership but one of us will be doing more leg work to find viable properties, investigate them and travel to the cities to inspect the property itself and interact with Real Estate agents. We are planning to buy in cash so we won't have a real estate agent, and I am wondering what you guys think would be a fair compensation. We are thinking of doing half of a real estate finders fee, so like 3% of the house price on any properties we buy. Has anyone else done something like that? What do you guys think might be fair compensation?