BIRDDOG QUESTION

IF YOU ARE AN INVESTOR AND A BIRDDOG OFFERS YOU A PROPERTY THAT YOU'VE ALREADY FOUND ON YOUR OWN...WHAT KIND OF PROBLEMS CAN COME UP?

THX
JOHN

Comments(3)

JohnLocke31st March, 2003

serrico,

Glad to meet you.

If you as an investor can document you already have the house in your data base, then you shake hands with the Bird Dog and go on to the next deal.

Since the Bird Dog has already talked with the owner it is easy for him to check what happened to the deal.

If an investor is trying to pull a fast one, it will become apparent rapidly. It is a small world, so I would always recommend dealing with integrety and honor when real estate investing.

Welcome on board this board, keep on posting some real pros here at TCI to help you.

John $Cash$ Locke
fixerpro31st March, 2003

Tell me more about paying bird-dogs? DO you do it on a retainr basis, or just one time? Thanks a lot!
Nochi6th April, 2003

Usually $500 < 10% of the down payment when you sell the piece of property.

* Thats $500 or 10% whichever is greater...but it all depends on what you agree to pay.