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Updated over 8 years ago on . Most recent reply

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Adrian Smude
  • Rental Property Investor
  • Plant City, FL
379
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Bird Dog fee

Adrian Smude
  • Rental Property Investor
  • Plant City, FL
Posted

I closed on a deal last week that I got from a REIA meeting. The girl did not pitch it to me, but brought it up in conversation. She works for a real estate data company as she learns about REI. Her boss is a broker and he took over connecting me for the transaction. He did NOT represent either party in the transaction. He is representing the sellers as they buy their next property. I basically solved the problem of making the old home with debt go away.

My question is about giving a bird dog fee.  I feel like the girl deserves it as she is who truly brought the deal to me.  I'ts a longer term deal.  The typical bird dog fee around here is $500-$1,000.  

Who do you think deserves the bird dog fee(s) & how much...?  

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Chris Mason
  • Lender
  • California
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Chris Mason
  • Lender
  • California
ModeratorReplied

Well @Adrian Smude, if you toss $750 her way that she didn't expect, ask for, or see coming, I think we can pretty much guarantee who the first person she brings future deals to will be, won't we? And we know from this one that she's got access to inside information that you might not otherwise have access to, so she's a good person to have in our corner? And we also know (implicit from what you wrote) that her boss is OK with her sharing this information, so there's unlikely to be anything illegal going on? 

I'd say, HECK YES pay her a nice fee that is considered generous for your area. 

I picked $750 as an arbitrary number in the range you specified, but yeah make her happy and she will make you happy in the future. 

  • Chris Mason
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