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Updated over 4 years ago,

User Stats

16
Posts
6
Votes
Damian Gallardo
  • Real Estate Agent
  • Elgin, IL
6
Votes |
16
Posts

Paying People From Flipping Houses

Damian Gallardo
  • Real Estate Agent
  • Elgin, IL
Posted

So I'm looking to start a house flipping business in a few years, I just need to save up capital before I begin, and that's what I'm looking to do by becoming a real estate agent. Although there is more I need to learn and will learn, a question I have on my mind right now is how would I go about paying people that help me fix the house? Should I give them a percentage of the profit since they helped me raise the value of the house or pay by the hour? They would only be doing the actual labor work with me, but I'd be the only one actually managing the business. 

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