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Author Topic: How do I determine what to pay bird dogs?  (Read 3590 times)

Offline retlaw2005

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How do I determine what to pay bird dogs?
« on: January 13, 2005, 05:43:18 pm »
Hey guys,

I am from the  detroit, michigan area and I am new to this forum. I am a REI newbie and I was wondering how do I determine how much to pay a bird dog? Do I go by the amount of potential profit?

A bird dog contacted me via email and asked me "what do I have to offer" and I don'e know what to tell them. I wanted to know what do newbie RE investors pay bird dogs for their services?

Walt,
 
Walt
Michigan
[email protected]

Offline catfish

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Re:How do I determine what to pay bird dogs?
« Reply #1 on: January 13, 2005, 07:44:00 pm »
Hey,

I'm new to the biz myself.  I got lucky two months in, and made $17,000 on deal where I took an option out on a house and sold it for $17,000 more than what the owner was asking.  Luck I guess...  

Anyway, Ron LeGrand says you should pay your birddogs $5 per lead--that meets your requested requirements.

I'm my own birddog at this time.  I want to flip a few and make some cash, before I tell my birddogs what I'm looking for.

I hope I was some help to you.  

Tim
www.knproperties.com

Offline retlaw2005

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Re:How do I determine what to pay bird dogs?
« Reply #2 on: January 13, 2005, 09:08:24 pm »
Hey catfish,

5 bucks a lead?? That really doesn't seem like much.
Walt
Michigan
[email protected]

Offline JerseyGirl

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Re:How do I determine what to pay bird dogs?
« Reply #3 on: January 13, 2005, 10:31:46 pm »
Well Ret

I think (I hope) that if a particular lead turns out to be something that an investor buys, the bird dog will get more

Around here in Jersey, I hear that being a bird dog pays from $250-$500 per purchased property

So if you bring the guy/girl 10 leads thats $50....if they buy the place, hopefully you get the $250/$500  ;)

At least thats MY understanding of it  ;D
~Bird Dog in Training~

Offline retlaw2005

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Re:How do I determine what to pay bird dogs?
« Reply #4 on: January 13, 2005, 11:27:18 pm »
Hey Jerseygirl,

Now I got it. That sounds more like it.

Thanks for the info.

retlaw2005
Walt
Michigan
[email protected]

Offline JerseyGirl

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Re:How do I determine what to pay bird dogs?
« Reply #5 on: January 14, 2005, 06:47:55 am »

Sure no problem  ;)
~Bird Dog in Training~

 




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