OfflineWhy is it a hard thing for people to sign your birddog contract agreement and your NON-Disclosure contract? Should you go forward without it?
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Phyllis Jackson
non-disclosure/birddog contracts?
Posted on: Tue, 11/04/2014 - 22:09
I don't use one but that is just me. It seems to me that the trouble to take some one to court and prove he/she circumvented you would cost more in time and money than it is worth. Meet with the people you are working with. Build a trusting relationship. Explain the situation to all concerned. Buyer, seller, fellow wholesaler Etc.
Example: MY buyer referral is mine for the life of the referral.
If you are selling, get the property under contract yourself!! That solves a lot of problems right there!
Michael
Knowledge is power, but execution trumps knowledge. Tony Robbins
http://www.mdhomeacquisitions.com Seller site
http://www.mdhomeacquisitionsbargainhouses.com Buyer site
http://www.mdhomeacquisitionshousehunter.com Bird Dog Site
http://www.mdlodeals.com Tenant/Buyer site
now what if your are locating property for the buyers, how do you protect your referral fees?
Phyllis Jackson
Like Michael mentioned above,if your not getting the property under contract and wholesaling it to your buyer, then you have to build relationships with your buyers so you know they wouldn't go around you on buying the property without giving you your bird dog fee. I'm using a bird dog contract right now on a property I'm passing over to a buyer I have know for 2 years from going to my local real estate investment club. If you truly worried about the buyers going around you then I would just simply advise you to start getting these properties under contract yourself and start assigning them to your buyers.
Reynold Orozco
As every one said get it under contract your property deal, now you have control and build on transparency into all relationships, this is another one of the building blocks to this business, much success,Jim
jbischoff