$500 is pretty standard if they just send you a lead on a FSBO sign they saw while driving around.

Unfortunately the downs are the fees, you will have to have a broker and you'll need to make sure he's investor friendly, you will be held to a higher standard because you'll have t follow the code of ethics and responsibilities to the public.

Is there a demand for quality bird dogs?

I see this on a lot of properties.Conversations about these numbers with brokers can get quite awkward -- I've had some tell me that it's industry standard to price multifamilies this way (no way!)

Update 2, 1.24.14Hey everyone, so I started my 2nd attempt at yellow letters but this time, my method is different from my 1st campaign, mainly in my lead quality and mailing method.First, my list source is different.

With that in mind, it is "repaired" to the standard of recent comparable sales.

I used to use regular #10 envelope (standard business size) 4 1/8" by 9 1/2" to stuff my yellow letters.

The standard is for the wholesaler to buy the property at 50-65% ARV minus repairs with the rehabber buying it at 65-70% ARV minus repairs.

My standard advice that I give all newbies who want to work MLS deals is to get licensed.

However, due to lack of experience as GCs, the project owners may have saved money, but usually at the expense of speed, comfort or quality.