How do you turn a bird dog deal into a wholesale deal?

[Dan Krause]

:pup: Can this be done? Thats where i am at right now.I have 2 (maybe 3) active deals being reviewed By 2 different buyers and two different sellers.I found properties my buyer/investors were looking for and now i am kind of apprehensive because of the whole uncertainty of local real estate laws (even though the sellers and buyers are in seperat states) concerning finders fees (bird dogs).. No written contracts were exchanged at least on my part yet and a couple of the buyers are sure they want to close a couple of these properties.Is there anyway i can turn this into a wholesale deal at this point? Since there don't seem to be any local or federal laws preventing real estate wholesaling.I'd hate to give up on a good commission that has been offered to me-wouldnt you? Any advice would be appreciated. Thanks, Dan

[Joseph Ziolkowski]

Hi Dan,

If you are already acting in the capacity of a bird dog on these particular deals, and your investors already think that, it might tick them off if you took it a step further and basically scooped them on the contract. In the future, to be a wholesaler, just do the stuff you already do, plus get the property under contract. Simple as that.
As far as finders fees being illegal, that isn't exactly true. What the others were saying is true, however. It's all in what you call it. If you are a serious bird dog, and treating it like a business, you aren't "finding properties" for people per se. What you are doing is selling information. As a bird dog you are an information broker. Companies sell lists all the time. Your lists are just short, specific, and comprehensive. You follow? Hope it helps!