ATTENTION BIRDDOGS. THIS IS A MUST READ FOR YOU!!

[Lamar]

It all depends on the investor that birddog is dealing with. Normally what I've seen and experienced is that the birddog gets paid when the Wholesaler gets paid. This is due to the fact that the wholesaler will take a cut out of his profit in order to compensate the birddog for bringing a deal that actually closed. Some may argue that the birddog already did they're part by bringing the deal to the table, however there could be many variables that could cause that deal to fall through, therefore causing someone to lose money. Nobody wants that to happen. Therefore that could be why it's normally structured in that manner. Again, this is just my own personal experience.

[AJ™]

Wow, this thread has a large amount of information I was looking for.  Im just starting out and have read many posts and articles on this site but also would like to buy a book or course on bird dogging. 

Are there any that you guys can recommend?

Thanks
AJ
SoCal

[Mr Investor]

Try Barry Grimes Real Estate Jobbing 101 nothing but great review from that course.

[AJ™]

I think Im going to get that course.  I have heard other people also recommend it as well.  I want to start bird dogging then move onto Wholesaling

[WHC]

Lamar... I see where there is supposed to be classified section on REICLUB, but me being a guy, I guess I can't find it. Maybe I need to have my wife help me.       

I am looking for bird dogs in Pittsburgh and Cleveland to help locate apartment buildings 20 units or more. I don't know where to post! Can you or someone help me out? This post has been very informative!

Thanks, Bill   

The purpose of this posting is to give you Birddogs (Property Locator sounds better) a little help in getting started in the birddog world. I just want to outline your responsibilities as a birddog and how to avoid pitfalls, which may discourage your efforts.

STEP 1. Find an Investor to Birddog for.
         
          -You can find investors anywhere. ReiClub is a great start. Look at the Investor Ads for your state and find out if that Investor gives out referral/finder fees for properties that you locate for them

           - You can alsways advertise your services in the REICLUB Classified Ad Section.

[Mdhaas]

I see where there is supposed to be classified section on REICLUB, but me being a guy, I guess I can't find it.

Bill,

The classified section was discontinued as it was overrun by SPAM.  Your best bet is to advertise/recruit in the local markets.

[marian]

Hello, i'm new to the board.  Great discussion!  This may be a no no, but still with tax season ....  How would you file bird-dog, wholesale income?  What general field/activity,  real estate; other?  Type of service and customers?
a) property locator for real estate investment companies
b) consulting to real estate investment companies
c) real estate investing
d) other ideas

Not seeking pro advise, just your ideas? Thanks! 

[Lamar]

Hey Marian,

    I haven't been on in a while, but I just saw your question. I try not to involve myself with these type of questions, because I am not a tax advisor.

The best advice I can give you is to talk to a CPA. Some states might handle this matter differently, but just talk to your CPA and they will handle everything for you.

This is exaclty what I did when I recieved my first birddog check.

Trust me, this isn't complicated at all and you actually should be able to get a free consultation regarding this.

[ClevelandSlim]

Excellent post Lamar!  I definitely took notes, and will read often.

Hey, what happened to Bill WHC?  Bill, are you still looking for help in the Cleveland area?

All the best,
Kieran

[Lamar]

Thanks Kieran. Hope it helps... I might add some updates soon. Not sure yet...

[reitx]

This is a great post! thanks for sharing.  I have a question tho...

How does on bird dog for REO properties? I have some REO properties that I am currently reviewing and still not at the point where I can invest personally, but they are great deals. Any advise on this will be much appreciated.

Thanks!