I have read the posts about getting in place Bird Dog Agreements with the wholesaler or investor, and I understand this. But now I am ready to wholesale properties. I am looking to work with several Investors. I have been calling the homeowners or listing agents, and I fill out a Property Information Sheet while I have them on the phone. I then start researching comps and growth potential in that area from several sites, but not the MLS since I am not a realtor. My next step is to call back the person I spoke with and negotiate on pricing, taking into consideration any repairs, etc. I let them know if I want to move forward, I will be making them an offer.
Since I want to assign these kinds of properties, I have been calling investors, many who have access to the MLS to see if they have an interest. Immediately they want the address to check the comps for themselves. Since I haven't locked up the property yet, I feel they could go behind my back. My question is "Shouldn't I get some sort of Non-Disclosure/Non-Circumvent Agreement in place with any investor before giving them addresses and phone numbers to properties that I am already working on? If so does someone have a copy of this kind of Agreement? And should I have an Agreement for each property seperately or could one Agreement per investor protect me? As far as locking up the property, if I do have a contract with the seller with an assignment clause in it and I am working with an investor, again what can stop the investor from going directly to the seller, since the seller can still sell the property on her own even though she has a contract with me, correct? Sorry for this long posting, as you can see I am confused about this. Thank you for any help that you can give me.