BD #1 Full service...in short entails what? BD #2 Lead Passer...in short entails what? (any contracts needed?) Serious about doing this right...please help... :coolsmile:
Bird Dogs will usually sign a contract, your not an employee and a contract will state that.
As a bird dog you can set your own rules or work with the investor to establish what it is you are looking to get from your services.
You could do nothing but locate suspects all day. Say you have an investor who is a wholesaler/retailer. You might be paid $10 a house whether the investor buys the house or not. Or you can be the type where I say, "Okay, I want homes with xyz, and people that are xyz, and if I buy the house and make a profit, you get 1, 2, whatever % of what I make."
So you could make $500 by bringing me information on 50 ugly houses and I'll give you $10 per house. Or you can bring me 1 house that nets me $50,000 and you get $500.
I hope this answers your question, if not, expand a little more and maybe someone else can help.
when i was birddogging, all i had to do was find a genuwine good deal and i had no problem finding investors.....i assume if the deal is good enough you wouldn't have a problem either
You can go both ways. Find deals or find houses. remember there are many ways to invest in real estate. by finding deals you will learn a lot more about investing, but it's your call. you should have no problem finding investor's either. Just join your local REI group and say hey, I'm a birddog, what do you want and here is how I want to get paid.
But I think having the investor in line first is a big plus though.
Comments(0)
Bird Dogs will usually sign a contract, your not an employee and a contract will state that.
As a bird dog you can set your own rules or work with the investor to establish what it is you are looking to get from your services.
You could do nothing but locate suspects all day. Say you have an investor who is a wholesaler/retailer. You might be paid $10 a house whether the investor buys the house or not. Or you can be the type where I say, "Okay, I want homes with xyz, and people that are xyz, and if I buy the house and make a profit, you get 1, 2, whatever % of what I make."
So you could make $500 by bringing me information on 50 ugly houses and I'll give you $10 per house. Or you can bring me 1 house that nets me $50,000 and you get $500.
I hope this answers your question, if not, expand a little more and maybe someone else can help.
Thanks...
Question: with scenerio number two, I guess I'm better off searching for the investor first, correct?
In order to then have an idea of what type of properties I am looking for?
Any help is greatly appreciated!
when i was birddogging, all i had to do was find a genuwine good deal and i had no problem finding investors.....i assume if the deal is good enough you wouldn't have a problem either
You can go both ways. Find deals or find houses. remember there are many ways to invest in real estate. by finding deals you will learn a lot more about investing, but it's your call. you should have no problem finding investor's either. Just join your local REI group and say hey, I'm a birddog, what do you want and here is how I want to get paid.
But I think having the investor in line first is a big plus though.
It's easier to sell things that people want. Know what they want, find it, sell it.
Beautiful...I love the feedback.
I definitely going to attend the next REI meeting in my area, and start making strides...
Thanks alot.
Look into investing in John $Cash$ Locke's birddog book. It is really helpful and put you on the right track.
And from what I stated earlier, if someone nets 50K and they only give you $500, don't ever bring them another deal.