Bird Dog Contract Pdf

Bird dog contracts are a common tool used in real estate to help investors find properties to purchase. This type of contract is often used by investors who want to expand their portfolio but do not have the time to search for properties themselves. The term “bird dog” comes from the hunting world and refers to a trained dog that helps hunters find game.

A bird dog contract pdf is a document that outlines the terms of the agreement between the investor and the bird dog. It specifies the responsibilities of both parties and the compensation that the bird dog will receive for finding the property.

The purpose of a bird dog contract is to incentivize individuals to find properties that meet the investor`s criteria. The bird dog is typically someone with knowledge of a particular market, such as a local real estate agent, who can help the investor find properties that meet their investment strategy.

The compensation for the bird dog can vary, but it is typically a percentage of the sale price of the property. The percentage can range from 1% to 10%, depending on the value of the property and the strength of the relationship between the investor and the bird dog.

A bird dog contract pdf should include detailed information about the type of property the investor is looking for, such as the location, size, and price range. It should also outline the process for submitting potential properties to the investor and how the investor will evaluate each property.

Additionally, the contract should include provisions for confidentiality and non-disclosure, as well as the responsibilities of both parties. The bird dog should agree to provide accurate and truthful information about any property they submit, and the investor should agree to compensate the bird dog promptly and fairly.

In conclusion, a bird dog contract pdf is an essential tool for any real estate investor looking to expand their portfolio. It provides a clear agreement between the investor and the bird dog, outlining the responsibilities of each party and the compensation the bird dog will receive. By utilizing a bird dog contract, investors can save time and resources while still finding quality properties to add to their portfolio.