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Updated over 13 years ago on . Most recent reply

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Shane Woods
  • Real Estate Agent
  • Weatherford, TX
284
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726
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Anyone paying realtors to bird dog?

Shane Woods
  • Real Estate Agent
  • Weatherford, TX
Posted

I think I saw a post on this before, but can't find it now. My thought is this...

I'm looking to invest in smaller towns all within driving distance from my town. Can I pay realtors in these towns with a 1099 to bird dog vacant houses they find while doing their work? Or any other types of properties that may work for me as an investor, but they will not be listing for whatever reason?

I did a Google search today for we buy houses in several of the towns, and only statewide and national companies showed up, on search results as well as ads.

Could this be my niche?

Your thoughts appreciated.

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Michael Quarles#1 Marketing Your Property Contributor
  • Flipper/Rehabber
  • Bakersfield, CA
3,644
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Michael Quarles#1 Marketing Your Property Contributor
  • Flipper/Rehabber
  • Bakersfield, CA
Replied

If the payment is performance based then made directly to the agent it may be a DRE violation. I know it is in my state.

You can however enter into either a partnership or make them an officer of a Corp.

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