Paying Agents/Brokers

[Woody Jean]

I'm looking to begin management company with little cash flow to begin. I want to hire agents and brokers to make the deals on behalf of my LLC. I can't afford to pay them a salary so I would pay them a commission.

I am asking for any suggestions on how much of a % brokers/agents should be paid for each deal they close. Are there other contingencies that should be in play?

Thanks in advance.

Woody

[Brie Schmidt]

@Woody Jean - I am not understanding your question.  

Do you want to start a brokerage and hire agents to buy/sell properties?  Then you need to be licensed in your state to do so and will have business start up costs.  Also agents are usually paid by the seller

Do you want agents to lease your properties?  They you will need to pay them a commission per unit

Are you looking for agents to find you property to buy? If the property is on the MLS the seller usually pays them and as a buyer it would be no cost to you