how much information should a bird-dog give?

dorothydobbins profile photo

is there some specific amount of information a good bird-dogger can provide to an investor?or is the type information need is decided by need of each individual investor. Some investor only want name address and telephone numbers,while other want considerably more,such as tax info,comps,esstimated repairs needed. I realy need some insight on this subject. Thanks surprised surprised confused
[addsig]

Comments(4)

  • JohnLocke26th January, 2003

    dorothydobbins,

    What I recommend is to get to know your investors and what each individual investor would like to have in the way of information.

    You then charge the investor depending on how much information they desire. Naturally the more information the more money you charge them.

    You are the one who calls the seller, not the investor in most cases, this keeps you in control of the situation.

    Now you have all the information about the seller, this information is invaluable to an investor so charge the investor for it, do not be timid, you will quickly learn what the market will bear. The investor can always counter offer so go high with what your want for the assignment of the lead.

    This is your business so do not be shy about it, you know what your time and expertise is worth.

    John $Cash$ Locke

  • way_motivated26th January, 2003

    the more info you gather, the easier it is for the investor, the easier it is, the more $$$ you can get.....the first (and only so far!!! )deal i birddogged went like this:
    guy gives me a call, i take name and number and location of property, i call my investor give him the info and bam, i'm out and $500 richer....purty schweet

  • HasSpoken9th February, 2003

    Newby question, but Way, how did your investor know how motivated the seller was? What if the seller decided not to sell in the end, would you have given back the $500? Thanks, Tim

  • realestateprofit9th February, 2003

    You only get paid after the investor purchases the house.

    Best of luck.

    Vic

Add Comment

Login To Comment