What payment should I request for being a bird dog?

[Rob Greenawalt]

I am currently searching for properties that meet the criteria of my investment "partner". I find and analyze properties and send a detailed analysis to the investor if I think it may be of interest to them. That could be the extent of my work or, it is possible, that in the future I may be called upon to actually visit a property as well. 

My question is, only if the investor closes on a property, what fee should I expect? 

I am thinking perhaps .5% of the sales price to as much as 1% of the sales price if I drive over 50 miles (one way) to visit a property.

[Brian Boyd]

  I think those numbers are a bit low. We just had a deal fall through and we gave our real estate agent the earnest money we put down. He worked his tail off and did a tremendous amount of work. Irrespective of whether the deal closes, you should charge for your services. You are providing value. Maybe ask for $2000 for any deal you bird dog and an equal amount if the deal closes. 

Just my thoughts. 

Good Luck, 

Brian