Incentives for your core four?

[Justin Stanford]

Hi everyone!

Thanks for letting me in your community, I'm a prospective REI in the Columbia SC area. I want to BRRRR/Flip to start and then get into buy and hold or STR once my capital builds.

I’m building my core four and I’ve always been the kind of person who wants to incentivize people around me who are helping build wealth by being generous and abundance minded.

For my buying agent, since I want to buy distressed properties that have low value (and low commissions), I wanted to incentivize with the following: 

- If I BRRRR and my property refinances for more than I spent on it, my agent gets a large percentage of the extra capital up to the maximum amount of the fee they received for selling the house (meaning they could double their commission). A lot of the houses I'm looking at are around 100k so my agent isn't looking at a big commission if I pay them the standard way.

- If I flip the house, which to me is a less attractive option, my agent gets exclusive rights to list the house as a seller. They double their fee on the same house this way but since it’s less attractive to me this perk requires more effort on their part.

Does anyone else have similar perks for their core four? What do you think of this idea? How do you incentivize contractors apart from referrals?

Thanks for your time reading and answering this, I look forward to connecting!