We are buy and hold, others are wholesalers, bird dog, flippers etc.

We are buy and hold, others are wholesalers, bird dog, flippers etc.

Hi Everyone,1. Does anyone know of a formal, legal document to use when negotiating a finder's fee?2. How does one go about standing their ground for a finder's fee?3. How does that get taxed?Thanks!

I charge a REfundable pet deposit ($350/dog, $250/cat) plus pet rent ($25/dog, $15/cat per month).

The homeowner has like 4 dogs in the back and it is solid dirt, bad deal.  

Nobody that I've worked with (yet) has struck me as particularly unscrupulous, but it just seems like this process is akin to dragging a dog for a walk on a rainy day.

And I appreciate the spirit of the rule and i would just say that I have no dog in that hunt.  

The issue is more to some old dog simply staying current.

Since we (my husband and I) are just starting out, would you recommend we "bird dog" first to learn the ropes before we jump into wholesaling?

We both monitor the MLS and take calls and emails from our bird dogs, so lets say the hard part of finding the deals is even.For leads, we both weed through and I usually decide which ones are worth pursuit, and he actually goes out to see them, takes photos, makes notes, and pulls comps for the ARV if we get that far.