BiggerPockets

I don't bird dog for other people but I do make it a point to let everyone around me know that if they bird-dog for me (bring me a deal) and I close on that deal that I will pay them a finders (bird-dogging) fee.

If you brought me a deal I would only pay you if it was a deal that I closed on. However I would be willing to sign a NDA with you that I would not tell anyone else nor would I close on a deal that you brought me and I rejected. In other words I would not use the info you gave me to cheat you out of your fee or give the info to another investor.

-Michael

I wrote up a non-disclosure agreement contract for the investor to sign. I made my payment subject to the successful purchase of said property, and I charged $2,500 per property, which comes out to about 2% of the net profit. I did this with my first 2 properties and it worked out well.

correction of the profit percentage on my last post:

the $2,500 is 5% of the net profit. I have seen other company's that offer 10% of the net profit to bird doggers. I don't think I could go below 5% myself, and I will more than likely charge 10% on the next few property's that I find for them.