While there are no hard and fast definitions to either of those terms generally they refer to the following.Bird dog-usually is finding leads doing some leg work and passing the lead off to an investor for a fee say $500-$1000.

Does anyone have any leads on this ?

Do you mainly use them for one-off assignments(mailings) or long-term work like fielding phone calls from leads that come in?

Got a call from attorney friend, (she does family law), says she has clients who need to sell, guessing due to divorce. Gave me the address and said they are looking just to "break even". A little research shows they ...

I want to keep good relationships with the contractors and not lead them on by telling them I will be rehabbing it.

You'll need a lot of marketing to pull in a lot of leads, and you'll need to learn how to analyze properties and figure out how good of a deal it is.

Care to pass the lead on?

Are you recommending others follow your lead?

That means he/she has potential and I can groom them on turning that motivated lead into a real deal via proper analysis of repairs and ARV's.Harry - I think you're doing the right thing.

You're not the lead lender on the place, if it goes south are you willing to payoff the first to get 10K with a questionable increase in value?