Real Estate Investing Forums

Real Estate Investing => Bird Dogs, Wholesaling => Topic started by: bakc4 on May 25, 2009, 05:06:36 pm

Title: Typical Birddog compensation??????
Post by: bakc4 on May 25, 2009, 05:06:36 pm
I am a reo wholesaler starting to use birddogs.  Can anyone tell me what the typical birddog compensation is for a deal that closes, and what is usually required of the birddog in terms of taking pictures, comping the property, getting in contact with the bank etc?

Thanks in advance
Title: Re: Typical Birddog compensation??????
Post by: bashir on May 25, 2009, 07:14:47 pm
500 dollars is typical bird dog compensation at closing.  You have to set for the bird dogs what you want to see out of a lead in terms of pictures and addresses and so on and so forth.
Title: Re: Typical Birddog compensation??????
Post by: scostell on May 26, 2009, 12:49:46 pm
If a wholesaler offered me $500 I'd move on to the next guy.  Most offer $1000 and up.  If he wholesaler is smart they'd offer as much as possible in order to get more leads.
Title: Re: Typical Birddog compensation??????
Post by: Anson on May 26, 2009, 01:02:34 pm
If a wholesaler offered me $500 I'd move on to the next guy.  Most offer $1000 and up.  If he wholesaler is smart they'd offer as much as possible in order to get more leads.

I agree with this completely.  If I'm comping a property and offering a ton of info, AND finding the deal, I'm not working for $500.  Screw that.