Is bird dogging a real business in a rural county with forty vacant houses and no local investors?
The basic model is easy to state. Find a house, tell an investor about it, they do the deal, the finder gets a fee. Where it gets harder is scale and whether a given market works at all, so consider a specific one. Take a rural county where a decent house sells for 90 to 120 thousand. There are plenty of vacant properties, grown-over yards, mail piling up, the kind of thing anyone paying attention notices, perhaps 40 that a local could name from memory. But almost no investors to be found. The nearest people buying anything appear to be two hours away in the metro. The fee question is muddled as well. One camp says the finder's fee is always 5 percent of the purchase price, which on a 100k house is five grand and sounds too good to be true for making a phone call. Another says 500 dollars flat is typical. Two more points worth settling: what off-market actually means, whether it just means not listed or something more specific, and whether the software spend is necessary, since skip tracing gets mentioned constantly and its cost is rarely stated.