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1. Go to the free forum at creonline and ask about this.
2. Do a search either on that site or on the web for BARRY GRIMES and order his downloadable course.
3. At all times be aware that there are investors who will try to get you to write the contract as your duty as a locator. This is COMPLETELY FALSE and that activity makes you an INVESTOR yourself, and not a locator.
If you write the contract, you should be able to receive much higher payment than if you don’t. Some investors will ignore that point and they feel that they should be able to dictate to you what you should do, or say what they’re going to pay you. Remain in control as a business person and set your own fee.
A locator or “bird dog” fee might be 500 to 1000 dollars. If you write the contract, you’d be in a better position to establish a higher fee for yourself, but again, this makes you an actual investor and I would not recommend doing this at first. It would defeat the purpose of your becoming a locator, which is to gain experience.
A nice arrangement could be to have an agreement with your investors that would stipulate that they’d show you the ropes while youi’re locating properties.
In answer to how you contact investors, SIMPLY CALL THEM from the numbers on their newspaper ads or signs around town.
If you play your cards right, you can make some money at it, but it could possibly take a few months.
Again, the issue of your “writing the contract” is going to come up often, so be prepared. Many investors feel that this is really your job, and it’s not (it’s theirs).