WIP 1806: 4 Brutal Lessons I Learned Hiring Family Members

Wholesaling Inc with Brent Daniels

Find distressed properties for pennies on the dollar and turn them for huge profits!

News, Wholesaling, Education, Houses, Make Money, Business News, Real Estate Agent, Business, Real Estate, How To, Cash Buyers, Entrepreneurship, Wholesale Houses, Entrepreneur

4.9 • 1.4K Ratings

🗓️ 25 August 2025

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

Hiring family can sound like a great idea—built-in trust, loyalty, and familiarity. But if you’re not careful, it can quickly turn into one of the toughest mistakes in business. In this episode, Todd Toback shares four hard-hitting lessons from his own experience of hiring family members and what every entrepreneur needs to know before doing the same. Listen (and learn) if you’ve hired a family member before, are considering it, or want to avoid the pitfalls altogether! --------- Show n...

Transcript

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0:00.0	You're listening to Wholesaling Inc. episode number 1806.
0:04.2	Anybody who works for you, who is a family member, must play at a higher level.
0:09.5	I am sorry.
0:10.5	Okay, that one's going to be controversial, but if they don't like it, they can go get another
0:14.7	job and work with somebody else.
0:17.6	This is game-changing information guaranteed to raise your real estate wholesaling business
0:22.8	with actionable steps you can take immediately to navigate the ins and outs of wholesaling
0:27.7	and start making money today.
0:30.3	Join us as we put our guests in the hot seat and dive deep to dissect their strategies
0:35.1	for success to enable you to duplicate their results.
0:38.5	You're listening to Wholesaling, Inc.
0:40.5	The only show dedicated to making you a fortune in wholesaling.
0:46.3	So today's episode is going to hit close to home because today I'm going to teach you what I've
0:52.8	learned working with family members. So
0:55.7	today's going to be a hot topic. All right. So let's talk about working with family. And I have
1:02.1	extensive experience with this. And I'm going to share with you some of the good and some of the
1:07.5	bad and how you actually can make this work. So my first experience working for
1:13.7	family where I was the employer, right? I'm going to talk about this from the employer perspective
1:18.6	where you are the one running the business and taking on the risk. And if you are in a partnership
1:24.0	with a family member, there is usually the alpha dog in the relationship, right?
1:31.3	There is someone who's going to take up the risk and put up the money and be the action
1:35.6	starter. And then usually there's going to be a, I don't want to say, an inferior partner,
	...

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