What Do I Pay This New Employee?

[Ibrahim Hughes]

Greetings and happy New Year everyone. I'm looking to hire an acquisitions manager (AM) for my acquisition team. This is the first member who will be paid a salary as opposed to the other team members I have who work strictly on commission ( this will also be the first time I hire an ATM who isn't aspiring to eventually be a real estate investor. I want this person to strictly focus on their job / career as an acquisitions manager and nothing else ). So obviously the commission rates will be different. My question is, how do I determine a good pay for this person. This person will exclusively be making phone calls and door knocking to get sellers under contract. Once the AM is fully up and running I am expecting him/her to lock in a deal once a week ( we wholesale and Rehab). What would you guys pay as a salary? Average wholesale fee we earn is $15,000. Thanks in advance.