I recently met a wholesaler looking to grow her team. I have a sales and negotiation background, we got along and she wants me to be part of her team. For the ones that have a wholesaling team or the ones that are part of a team, how does the compensation work? what is considered fair? Any tips?
The payment structure varies, it will always be different depending on who you talk to. I've heard of anywhere from 8%-20%, some with base pay and some without. The most common payment structure out there is 10% of all gross revenue you bring in (that closes and funds.)
It depends on how much she's giving you in the way of resources. If she's giving you leads, desk space, support staff, buyers list and all that, I've mostly heard around 10-20% of the net profit if you find the seller OR buyer and 20-40% if you find both the seller AND buyer.
If she's just giving you advice, 50/50 split, then head out on your own as soon as possible.