What is Commercial Bird-Dogging Bonanza? How does it operate? Does it work?
Monica Main who first created an apartment building program on how you can get apartment buildings has now developed a program on how you can discover to be a Bird Canine. Which essentially signifies you locate a property and get it below contract and then take it to a investor and make 5% for being the bird dog to locate the deal for that investor. You are able to read far more about the idea on her internet site for it beneath. I desired to start a review page for her new program so people who've purchased it could share with the rest of us what they thought and if it is value the $97.
Click here to read what bird dogging is from Monica Main
Allow me let you know how this works:
one) I have an assistant in my workplace named Cindy who regularly talks to brokers and sellers on my behalf.
two) As my employee Cindy doesn't will need a real estate license to talk about offers (or perhaps assist using the negotiation elements) because she is "part" of my company as an employee.
If you're going to choose Option A like a bird-dog (and getting a finder's or referral fee for transactions) then you should be sure that that your investor or investment group provides you an annual 1099 as your tax-paying document when you file your taxes on April 15th.
Why?
Because this may unofficially place you beneath their "payroll" as an unofficial employee of their company and disallow you from needing a genuine estate license to find property offers for your "employer."
It's really crucial to make sure you might be 1099-ed otherwise you could want a actual estate license in every state you choose to conduct business. Since you'll be finding properties throughout the country, it is not realistic to get dozens of real estate licenses for each state you often do company in.
Learn more about Monica Main's Bird-Dogging Cash Flow System