Wholesaling
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 9 years ago, 06/02/2015
Marketing Question related to referral fees
I am currently marketing to absentee owners through direct mail.
My question is:
If I include in my direct mail piece that I will offer a cash referral fee to someone if they refer someone they may know who is a motivated seller to work with me and we end up purchasing the home Is that considered bid dogging? Is there anything illegal about doing that?
I am not inquiring about the concept of wholesaling in general but more specifically offering a cash fee to someone who refers someone to work with me.
To me it seems like a good idea of being able to reach more people without directly mailing to them because not every motivated seller is going to show up on a list or county record.