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Updated over 3 years ago on . Most recent reply

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Ryan McCullough
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what is a reasonable pay structure for a dedicated contractor?

Ryan McCullough
Posted

I have a dedicated and reliable contractor who will execute my flips entirely. What is a reasonable pay structure for this relationship?

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Michael Ablan
  • Real Estate Broker
  • Watertown, NY
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Michael Ablan
  • Real Estate Broker
  • Watertown, NY
Replied

@Ryan McCullough -  How big is the job?

You can get as simple, or as complicated as possible.

I wouldn't recommend 50/50.   40/40/10 is better.  There's always a struggle to get the last little bit of a project wrapped up.

Or you could phase out the job (3-5 phases) and pay a % of the job per completed, signed off phase

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