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Updated over 8 years ago, 06/13/2016

User Stats

35
Posts
6
Votes
Alexis S.
  • Wholesaler
  • Taylor, MI
6
Votes |
35
Posts

Bird dogs

Alexis S.
  • Wholesaler
  • Taylor, MI
Posted

I want to make a CL ad for bird dogs. Is there a certain way I should word it? I don't want to say anything that would seem like Im doing anything illegal. I am still learning. Is there any good articles on how to get bird dogs on your team and the interview process? 

User Stats

209
Posts
58
Votes
Joseph King
  • Louisville, KY
58
Votes |
209
Posts
Joseph King
  • Louisville, KY
Replied

To start off, you are not doing anything illegal. In your ad  state that you're looking for motivated people to help assist you in finding deals. Give them your criteria and if you close on the property  pay them a fee (usually $500). 

User Stats

285
Posts
220
Votes
David Stone
  • Rental Property Investor
  • Des Moines, IA
220
Votes |
285
Posts
David Stone
  • Rental Property Investor
  • Des Moines, IA
Replied

Another thing you could try is to make a business card or something with your info and give it to people who are in the areas you are looking to invest.  I have been checking out properties and the neighbor comes over and tells me about more houses where the owner may want to sell.  They get a card.  I hand them out to the mail carriers, ice cream van, or whoever is driving areas and would like to make an extra $500.  

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User Stats

35
Posts
6
Votes
Alexis S.
  • Wholesaler
  • Taylor, MI
6
Votes |
35
Posts
Alexis S.
  • Wholesaler
  • Taylor, MI
Replied

Thank you both for the tips!

User Stats

179
Posts
85
Votes
Jake Knight
  • Investor
  • San Jose, CA
85
Votes |
179
Posts
Jake Knight
  • Investor
  • San Jose, CA
Replied
Originally posted by @Joseph King:

To start off, you are not doing anything illegal. In your ad  state that you're looking for motivated people to help assist you in finding deals. Give them your criteria and if you close on the property  pay them a fee (usually $500). 

 Been wondering, how can the bird dogs follow up to see if any of their leads get converted to a closed deal? I want to start placing ads for bird dogs soon and I'm not sure how to answer that question. 

User Stats

209
Posts
58
Votes
Joseph King
  • Louisville, KY
58
Votes |
209
Posts
Joseph King
  • Louisville, KY
Replied

So I've been a bird dog and it's just simply following up with the buyer via email or phone. But it's on the buyer to notify the bid dog that they closed on the deal.  @Jake Knight

User Stats

179
Posts
85
Votes
Jake Knight
  • Investor
  • San Jose, CA
85
Votes |
179
Posts
Jake Knight
  • Investor
  • San Jose, CA
Replied

I see. thanks, @Joseph King

User Stats

35
Posts
6
Votes
Alexis S.
  • Wholesaler
  • Taylor, MI
6
Votes |
35
Posts
Alexis S.
  • Wholesaler
  • Taylor, MI
Replied

For me I plan to send each bird dog an agreement of services. I keep my word even if I didnt have a contract. They should know a deal closed when they receive their money.

User Stats

205
Posts
85
Votes
Matt Pritchard
  • Rental Property Investor
  • Overland Park, KS
85
Votes |
205
Posts
Matt Pritchard
  • Rental Property Investor
  • Overland Park, KS
Replied

@Joseph King Thanks for all the great advice on here.  I was searching for more info on bird dogs and you really gave some good info.  

I am curious about the payment side of things. When an investor pays a bird dog, is it typically a check from the investor prior to close (but after the offer is accepted) or following the closing?

User Stats

35
Posts
6
Votes
Alexis S.
  • Wholesaler
  • Taylor, MI
6
Votes |
35
Posts
Alexis S.
  • Wholesaler
  • Taylor, MI
Replied

from my understanding they get paid at closing and you also give them a 1099. I could be wrong i have yet to pay a bird dog fee