Bird-dogging, What Can I Expect?
Hi everyone,
This is my first post, but I have been reading the posts, and getting some very helpful information by the way, for a little while now. I have a specific question concerning bird-dogging that I haven't been able to find an answer for as of yet.
I've established a beginning relationship with two investors so far, and looking to contact several more. Most of these investors are looking for pre-foreclosures.
My wife and I working together can compile information on about 20-30 of these per day from the lis pendens list. Information includes what's owed, house particulars-bed rms, baths, sqr. footage etc., sheriff sale date (if one has been set), city assessment, general comps--BTW anyone looking for comps info, www.homeradar.com is great website to get free comps info on homes. It's basic but atleast you can compare sales within a certain distance and sqr. footage. We will also provide the phone number of the homeowner (which can be difficult with pre-foreclosures).
So, if most of these investors are looking for the same info, do I send each one my list, or do I send some to one and some to another? What's the protocal? And how much should I expect to make with this volume if they generally pay $500 per closed deal?
$500 is a little slim form me. I usually talk with investors willing to agree to $1000, but it really depends on your leg work. If you just turn a list over and they have to do everything then your pay of course decreases; however make a call get some intel and push the deal a little further along and your pay goes up. I would split your list up to avoid confusion but you could play both sides and give the whole list everyone and let the chips fall. Make sure your contract covers you unless you really know your investors and if your new go on some of the appointments. Not only will you learn but you will see first hand what is happening to your list.