Posted by Sean on November 03, 2003 at 14:38:39:
The per deal fee, really is up to you and your market. Frankly would I mind paying a bird dog 6k? Not at all, if the total purchase price (with his fee) were right, I really wouldn’t care if he was taking a 10k fee.
THe important thing isn’t how much the birddog/wholesaler is making off selling you the property, the important thing is are you making enough of the property after you have bought and fixed it up? If its enough for you to be interested in the deal who cares how much of the purchase price is going to the birddogger for his fee and how much is going to the owner of the property? Lord knows I don’t.
The property is either a good deal at a price or its not… if it is, I buy, if its not… I don’t… I don’t really care how the money gets divied up once its out of my hands and I have the property.