Calling all BIRD DOG wholesalers in California

[Glacier Garcia]

Hello,

I'm a new RE investor looking to start in wholesaling.  I am wondering what the typical going rate for bird dogs in the San Fernando Valley area and all of Los Angeles county is.  I was told minimum $500 per property lead.  But how about if the cash buyer purchases/closes?  I was told 2%-3% of the selling price.  Does that sound about right?

[Tim G.]

3% is not going to happen for a bird dog. That is what an agent makes coordinating the entire transaction. Shooting someone a hot lead is worth from $500 to a couple grand.