HOw Will I Actually Get Paid As A Bird Dog?
Hello folks, good day to you all...
I was curious to know how bird dogs REALLY get paid. In other words, how do they know for sure that, even if they sign a document with various rehabbers that based on certain criteria, they will get paid "X" amount, and both people sign it, theoretically I could send leads to people, and they could simply not pay me, if they purchase or not.
Am I going to sue them if I find out? No way would I do that, I would lose more money than $500-$1000, or however the payment arrangement is constructed.
So the real question is, how do I go about setting up relationships that will actually pay me to bird dog?
Thanks all! - Dave 
You must demonstrate your value. If you are not in the position to make investments yourself, find those who do and look for the deals they like.
Learn to analyize a property to see if it is any good. Do not take junk / over priced deals to them, it is a waste of "everyones" time. Then take the deal to them. If you bring them good deals that make them money, they don't mind paying you a decent fee to find good deals.
Respectfully,
Phil
Phillip Herrejon
President of the Chicago Real Estate Investment Club
Investment Property Finance Consultant
312.375.7132
I usually work on a flat fee basis for whatever service I provide (except by the hour E-Consulting.) As an example, I had an Investor ask that I facilitate a short sale acquisition on a particular property that he wanted. It was adjacent to and complemented his own property. We agreed on a fee $10,000 structured as follows: $2500 due upon signing our Agreement, $2500 due upon completion of the short sale proposal, but before it was presented to the foreclosing mortgagee, and $5,000 held by my attorney to be released upon mortgagee's written, short sale approval.
I learned years ago that the value of a particular service decreases once it's been provided.