Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: CJ Edenfield

CJ Edenfield has started 2 posts and replied 13 times.

Post: BirdDogs - Finding them and paying them.

CJ EdenfieldPosted
  • Investor
  • Gainesville, GA
  • Posts 14
  • Votes 2
Originally posted by @Jackie Patterson:

Sharon and Maryann,

We have a 5 page letter of agreement with our "birddogs" which spells out what we expect, what our responsiblities are, what the compensation is and how it's paid. In addition, our birddogs are kept in the loop with a weekly update on the status of the short sale. I agree that trust is important, but I also think you need to have everything in writing. Along with the letter of agreement, I get a W2 so that I can 1099 the Birddogs at the end of the year. The agreement clearly spells out that they are an independent contractor.

Communication is key. We take good care of our "birddogs", and have even surprised them with an occasional bonus.

Hi Jackie - I understand this is an old thread but do you have a contract that you are still using as described above? I'm looking for a contract to use with investors and any help you might provide is greatly appreciated.

Post: New Investor - lendors

CJ EdenfieldPosted
  • Investor
  • Gainesville, GA
  • Posts 14
  • Votes 2

Thanks Michael for the website. I will check it out. I read both posts this morning and let them marinade throughout the day. I am going to really focus on my relationships with lendors for the next 60 days and try to reach out to a new lendor on BP or phone call each day. I feel like if I can focus my efforts on establishing those relationships with multiple lendors then the money will be one less hurdle and the deals I identify I can actually get and start building my business.

Post: New Investor - lendors

CJ EdenfieldPosted
  • Investor
  • Gainesville, GA
  • Posts 14
  • Votes 2

Greetings BP! 

This is my first post and I am ready to get to it. I am a new investor but this is something I have wanted to do for years. I regularly identify deals I would like to pursue that would provide great returns and I've almost pulled the trigger on a couple. My biggest struggle is making the connection with lenders (hard money or otherwise) to provide funding. I can have confidence in the property, the deal and run the numbers until I'm seeing stars but without connections to reputable lenders that are looking to put their money to work the deal goes nowhere. What are your suggestions/strategies for connecting with lenders willing to let their money work?

Currently, I am looking at single family and multifamily homes.

I look forward to meeting each of you and becoming a part of this community.

Thanks!