Have A Couple Of Questions About BirdDog Opportunity. Please Help.
Hi all,
Someone contacted me about birddogging in NY for him. I know a little about birddogging, but not everything so I have a couple of ??'s and was wondering if someone could please help me answer them.
1) If I sell the info I've gathered about a property or properties I know of , do I collect a fee up front for this info whether the person purchases the property or not, or do I collect only when he buys ??
2) How much should I charge for this info??
3) If Question 1 is answered that I only collect my fee if the person buys the property , How would I protect myself from this person telling me he has no interest in the property after I provided the info he needed, when he really does have an interest, and buys this property behind my back, in the process cutting me out of the deal and I collect no fee for my service??
Can I protect myself??
4) My last question is this. These properties that I know of are though a broker. The person interested knows that I know of more than one property, but doesn't know that they are with this broker. So lets say he wants to know about 1 property in particular , how would I protect myself, when eventually he finds out that the property is being held by this broker, puts 2 and 2 together and figures the other properties I know of are probably with this same broker and go over my head and cuts me out of future deals by dealing with this broker directly?? Is there a way to protect myself so I can have future deals with this person??
Please if someone could help with these ??'s , or has any other info I should know about it would be greatly appreciated. Thank you. [ Edited by jcindie on Date 11/05/2003 ]
wow.
1) if they'll pay in advance because you're bringin them perfect leads, then cool ... take it.
2) based on what they'll pay - sometimes a few hundred sometimes a percentage of purchase price (this leads to some serious debate on this site, hahaha).
3) sign the contract/agreement. i hear they're hard to enforce in a court, but i've never had to yet. actually if you're really birddogging good properties, then you'll understand how to research the transactions if you hear nothing on them for a while. look to see if they're purchased and who did it. maybe you can bust them like this and take them to court.
4) i doubt you could protect yourself from this. hopefully if they're using you as a birddog, they don't have enough time to look along with you, so they won't find out. however, if you're using a broker for places that you're birddoggin, you may want to change your method of finding properties. this isn't really bd'ing my opinion - BUT if it works for you then, by all means ... roll with it.
i'd suggest other methods like looking up foreclosure lists in your county, driving around the neighborhood looking for fsbo signs and vacant properties - and just start from there. do some courthouse research on them and be able to contact owners (of vacant ones) to see if they'd like to drop the property. THEN you have some real info for an investor.
i hope this helps ... good luck!
Great advice Jackman. We would also suggest John Locke's ebook on bird dogging. Which you can obtain on this website.
Eric & Rosa
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