All Forum Posts by: Jason O.

1. Yes, if you wanted to bird dog for free, that would certainly be legal anywhere. As for taking payment for your services (regardless of what you call that payment), it will depend on your local laws.

2. No, wholesalers do not need real estate licenses. The difference between a wholesaler and bird-dog is that the wholesaler actually has the property under contract, giving him (if done correctly) an equitable stake in the property...the wholesaler is allowed to profit from the sale a property he has an equitable stake in, and that profit can be made legally at the closing table.

3. I'm not sure about other places, but my wife is an agent, and where I live, I know of no sure-fire way for us to pay a bird-dog without breaking the rules. One potential work-around is to have a Independent Contractors Agreemetn and to pay the bird-dog as a contractor (1099). I'm not positive that is legal though...

I completely agree with J Scott.

I would like to add in regards to #1 that I don't see how Birddogs can fall into the category of selling, offering to sell, buys, offers to buy, negotiates the purchase of the sale or exchange of real estate...lease or offers to lease, rents or offers to rent...

I just can't see how someone who locates the property and says, "Hey this is a good deal, you should buy it" would need a license.

Then again I'm not Lawyer, so I'm not here to give you legal advice. Trust me when I say, talk to a lawyer or legal consultant, it's the only way you'll know for sure...for yourself. That's what I did.

Also, the Independent Contractor Agreement is heavily used in birddoging from what I've seen, along with the Joint Venture/Partnership agreement.

The guy who wants me to bird dog for him wants to work off a 1099 agreement.

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Originally posted by Financexaminer:

Acting in the capacity as a principal in the transaction is the key. Stay away from being a facilitator between other parties and you should be fine. Bill

Bill, I'm glad I came across this. As you know, I just talked to someone who wants me to bird dog for him. What's the difference between facilitating and acting as a principal?
This guy said he wanted to just cut me a check of 10% when it closes. I'd like to get more involved in the process like assigning; I think assigning is better from a legal stand point.
He did mention as acting a liaison would give me 25%. Would that be a principal or facilitator? So much to learn...

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Originally posted by Financexaminer:

Originally posted by J O:

It just so happens. I just found one. He basically buys. I look up probate properties at the courts and just send it to him for 10%; 25% if I can get the paperwork to him.

GREAT! Good for you, now study so you know what to look for. The court house is a good place to start. Good luck, Bill

What sucks is! I was offered a better split on the short sale from a lawyer office 33% compared to 25%. Less work too. Maybe I can all up the lawyer's office and just be friends again with the paralegal. Ha!

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It just so happens. I just found one. He basically buys. I look up probate properties at the courts and just send it to him for 10%; 25% if I can get the paperwork to him.

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I'm looking for a partner. How do I go about finding a partner with a high volume company.

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Where do I find these contracts? Do I email the state real estate commision?

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All Forum Posts by: Jason O.

Jason O. has started 31 posts and replied 101 times.

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Post: LLC in one state but business in another

Post: partner wants llc documents

Post: partner wants llc documents

Post: Bird Dogging: Other Legal Questions

Post: Bird Dogging: Other Legal Questions

Post: How do I find a partner who has a company?

Post: How do I find a partner who has a company?

Post: How do I find a partner who has a company?

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