Finder / Referral Fee

[Garrett Kuhn]

I just finished reading "20 Must-Have Team Members for Real Estate Investing Newbies" by Elizabeth Faircloth. One of the team member titles was "Birddog." I have researched briefly about finder/referral fees. I feel like they are lightly covered and I wanted to get a human perspective from anyone who has experience with these. Any positive or negative experiences would be greatly appreciated. 

[Joel Owens]

Bird dog is really the lowest starting point almost. Wholesaler above that. Then you get into actual being a real estate broker. Then a buyer yourself etc.

I don't really work with bird dogs or wholesalers as I find my own deals. Most bird dogs, and wholesalers are starting out and clueless how to properly evaluate a property and so called deal before presenting it to the buyer. So seasoned investors waste a lot of time dealing with these types and it usually goes nowhere. That is why I find my own deals direct to owner or  have other broker colleagues that show me internal or off market commercial stuff I can buy or one of my clients can.