Bird Dog- how to find/what to pay

[Josh Reynolds]

Hi Everyone

I'm new to RE investing. I like the idea of bird dogs. Curious to get some insight on successful ways to find good bird dogs, and then what pay structure you have found to work well? 

Thanks for any help you can give!

Josh Reynolds

[Aaron Anderson]

Its really simple....

Take out an ad on craigslist under "Gigs." If you post under "jobs" you will have to pay for the ad. You are just looking for people to make extra money. 

Pay your bird dogs per lead (I pay $10 each). The reason for this is if you only pay per deal, they will be unsure if they ever will get paid because their payday depends on your performance. If you think you can get away with just paying per deal, you are telling the world that you cant afford to do this business or are just cheap.  

I had one guy at my REIA state "That is stupid! What if a guy brings in 100 leads all at once?" To which I replied, "Then I gladly give him $1000. Because i know there are 3-5 deals in that batch! And frankly if somebody drops 100 qualified leads in your lap and you can close just one deal and make a minimum of $5000 from it, you suck at this business!" (It shut him up but I was getting dirty looks for a number of months.)

That being said you need to be VERY clear as to what you are looking for and where you want them looking. I have written a training manual for my bird dogs ( I call them property scouts) that covers what Im looking for, how to find it and how to market for it. ( i have three that are doing their own marketing campaigns) This way there is a clear path on what is expected from both parties. You get 5-10 active scouts looking for deals for you and you will have more quality leads than you know what to do with.

[Ron Orr]

Mailman may find a deal but wholesalers market and look all the time and they usually charge their fee and $500 is t enough for them but go to your local reia

[Account Closed]

Wholesaler Here. Wouldn't you other wholesalers all offer to pay bird dogs 50% on any wholesale deal they bring you? 

Wouldn't that increase the number of bird dogs that would want to work with you over someone else who is just paying just 500 or 1,000 per deal? A free deal is a free deal, 50% of something is better than nothing.

[Brenda A.]

Hi , I am very excited to start bird dogging for the right kind of investors.  I want to use the experience to learn and earn while I'm learning.  I have a terrific portfolio of fresh hand picked properties for the right investors who are looking for hot saleable properties.

[Christine Ketay]

Do 'bird dog fees' change with the scale of the deal? Deal #1: 100+ SFR portfolio - value $23m+. Deal#2: $3m+ multi-family complex

 What would you suggest fees be on these?

[Adolphus Cobb]

@Christopher Moran Be careful some areas of our town San Antonio, I’m seeing more and more Older people putting up no trespassing aogna now. And saw one this weekend that said trespassers will be Shot. We live In Texas and 100% support his right to do that. And will not be checking his aim anytime soon. But it seems to be a few I. Some area that thing they can hold out. But eventually when they come to and realize that they could actually make some good Moeny. Hope so cause it is growing and happening all around San Antonio and I absolutely love it’s it’s a very exciting time.

[Account Closed]

@Christine Ketay do you have the property owner? yes it may be possible that you could earn a higher fee based on the property. imho. I would be open to pay more. 

[James Jones]

Hi Josh:

What is involved in bird dogging?.