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Forums » General Real Estate Investing » Birddogs

Birddogs Subscribe to Birddogs

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Forum_avatar_avatar-toedaline

Icon_minipost Jul 11 '07, 06:10 AM

Hello all, does anyone use birddogs? How do you structure the price you pay? Is it a percentage of the house, a flat rate for good leads, etc etc.?

Edited: 06/26/2010 at 03:45AM


Damien Hall

Real Estate Investor · Washington, Washington D.C.


Forum_avatar_avatar-halldandr

Icon_minipost Jul 11 '07, 08:54 AM

Normally the birddog will set the fee. It could be a flat fee or a %age. If you want people looking for deals for you, you can set the fee. I've seen investment companies advertise that they will pay $500 if they use a lead that's brought to them.

Edited: 06/26/2010 at 03:45AM


Anthony Sulecki

Real Estate Investor · Millsboro, Delaware


Forum_avatar_avatar-tonys

Icon_minipost Jul 11 '07, 09:46 AM

I've seen investment companies advertise that they will pay $500 if they use a lead that's brought to them.

Same here. Its $500.

Edited: 06/26/2010 at 03:45AM


Account Closed


Forum_avatar_avatar-rei

Icon_minipost Jul 14 '07, 08:03 PM

Originally posted by "toedaline"
Hello all, does anyone use birddogs? How do you structure the price you pay? Is it a percentage of the house, a flat rate for good leads, etc etc.?

Understand that a fee paid to an unlicensed person can be illegal if the fee is contingent upon a RE deal closing. Only licensed agents can collect a fee for brokering a deal. Birddogs tend to operate as if they are brokers and are therefore operate illegally.

If they are being paid for leads independent of if the deal closes then they are largely fine. If they have the property under contract and are selling their rights in the contract they are generally fine. Note that this is normally referred to as wholesaling.

Like driving down the highway. Just because everyone else appears to be speeding does not make it legal to exceed the speed limit. Learn the rules and then make your decision. There are many ways to keep it legal and not really mess up the model.

John Corey

Edited: 06/26/2010 at 03:46AM


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