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June 30, 2022, 10:48:26 am
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June 30, 2022, 10:48:26 am
Real Estate Investing Forums
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Bird Dogs
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Topic: Bird Dogs (Read 4882 times)
sdcproperties
Member
Posts: 16
Bird Dogs
«
on:
April 27, 2004, 03:49:08 pm »
Being new to the creative investing world - can someone please define a bird dog. I do real estate referrals in new jersey and I wanted to see if I can expand into this arena or if maybe im doing it already without actually understanding the technical term.
Thanks
Seth
www.sdcproperties.com
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tedjr
Member
Posts: 2403
Re:Bird Dogs
«
Reply #1 on:
April 27, 2004, 10:16:37 pm »
Howdy Seth:
Birddogs just point to deals and charge a referal fee kind of like a birddog points to a flock of birds. The more a borddog does the more fee they usally collect. It can vary greatly from relationship to relationship but you get the general idea. I believe you are already doing it as you said.
Good luck and thank you,
Ted P. Stokely Jr
11505 Sw Oaks
Austin, Texas 78737
512-301-9171 home
512-587-6177 mobile
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Ted P. Stokely Jr
San Antonio, Texas
sdcproperties
Member
Posts: 16
Re:Bird Dogs
«
Reply #2 on:
April 28, 2004, 08:49:36 am »
what do birddogs usually charge for a referral fee?
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rejobber
Member
Posts: 22
Re:Bird Dogs
«
Reply #3 on:
April 30, 2004, 09:45:41 pm »
It depends on your market and how much information you provide. The more property info you provide the higher the fee you can charge. In general, no one will balk at $500 to $1,000 depending on the property. You may also want to consider charging a percent of the purchase price. 1% with a min and max is reasonable.
Good luck!
Barry
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Barry Grimes
"learn real estate investing risk free"
www.realestatejobber.com
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