Bird Dogs

[sdcproperties]

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

[tedjr]

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

[sdcproperties]

what do birddogs usually charge for a referral fee?

[rejobber]

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