For Seasoned Sub-2ers.
What type of finders fees are you giveing your bird dogs, and how much info do you need?
I wanted to know if the fees are the same in the Pretty house business as it is in the Ugly house business.
Murphy
$500 WHEN I CLOSE to the bird dogs.
$500 - $1000 depending on the lead when I close to the bird dogs.
Can someone explain the process after a bird dog finding a deal, for exp- call an investor about the prop, inv. ok, inv. buy, how/when a bird dog get paid? Do a bird dog need a contract or must word of mouth and trust?
James,
Generally it is word of mouth and trust. I typically pay mine after the deal closes, though I have heard of other investors paying sooner. Basically, the bird dog finds a motivated seller, contacts an investor and points that investor to the seller. Some bird dogs take pictures, get basic info from the seller etc, and those services are greatly appreciated.