what kind of fee are you bird dogs charging for fee?
percentage of purchase price? or just a flat fee??? ???
another question.
if you live in the state where only licensed brokers can do kind of thing, is there a way around it?
like a contract with RSInvestors says, I work for him for helping him find a property or something like that?
???
Yes, you can have contract for fee - it falls under contract law and is applicable everywhere. Now how you go about getting the money is a different thing and varies by state … most allow recording on the HUD doc so you get $ on closing. Else, payment afterwards (or before if the investor has the cash). Most Bird dog fees that I have come across have been “pay on closure” that is, if the sale works out. others have been token amounts just to point the investor in the right direction (150 to 500 bucks depending). Up to you what strategy you want to take and how much work you want to do. If you show up at an investment club with a contract and research completed, then you can claim an assigment fee of anywhere from 5k+ depending on the value of the property … good luck 