5 Key Reasons to Become a Bird Dog

By: Ben Needles

Just as a bird dog sniffs out game for the hunter, so a real estate bird dog sniffs out deals for the real estate investor. If youve been looking at real estate investing and have wanted to learn more, but you dont have the capital or the know-how, becoming a bird dog could be the best place to begin.

What Does a Bird Dog Do?

Real estate investors are busy people. They cant be everywhere. Many of them are looking to hire willing bird dogs to search for properties that are abandoned, lacking attention or are in disrepair.

Depending upon the agreement with the investor, a bird dog may just gather information such as the address and condition, take a few photos, and turn this information over to the investor. (These bargain properties may be neglected due to absentee owners, divorce, death, pending foreclosure, or a dozen other reasons.)

In other instances, the investor may want the bird dog to take the next step and locate the owners to see if they are anxious to sell. At some point, the bird dog may want to venture a step further and learn how to estimate repairs. This information alone is invaluable to the investor.

If the investor closes this deal, he or she is willing to pay a finders fee for this service. That fee could range anywhere from $500 to $5000 depending on the size of the deal.

Below are five good reasons for becoming a real estate bird dog:

1. No Investment; No Risk

If you choose to start in the real estate investing business by being a bird dog, you will put out no investment other than your time and the gas that it takes to drive the neighborhoods. Since you are not actually making the purchase or drawing up the contract, you have absolutely no risk.

2. No Need for Stellar Credit

If your credit score is borderline or worse, that is no problem in this business. In your job of seeking out bargain properties for investors, your credit score means absolutely nothing.

3. Spare Time Work

This is work that can be done in your spare time. If you have a full-time job, thats no problem. You can use evenings and weekends to search for deals. In fact, its the perfect part-time job because you control your own hours.

4. Learning the Ropes

As you begin working with real estate investors who know what theyre doing, an informal mentoring of sorts begins to take place. When your finds are turned down, you will learn why and thus you will learn more about the business. Soon you will be sizing up deals like a pro. You will come to understand location, timing, and the market. What a great way to learn a business.

5. Earning Money

Be prepared in the beginning to have a lot of your properties turned down. Dont get discouraged. You are on a learning curve. Soon you will begin to catch on and will be able to sniff out exactly what the investors are wanting. As you do, they will grab up those deals, flip them and pay you your fees. And the earnings will begin to stack up.

Conclusion

Many successful real estate investors got their start by driving the neighborhoods sniffing out the deals as a bird dog. Its the perfect stepping stone to starting your own real estate wholesaling business. Perhaps it will work for you as well.

Just as a bird dog sniffs out game for the hunter, so a real estate bird dog sniffs out deals for the real estate investor. If youve been looking for at real acres investing and have wanted to learn more, but you dont have the Das Kapital or the know-how, becoming a bird dog could be the best place to begin.

What Does a Bird Dog Do?

Real estate investors are busy people. They cant be everywhere. Many of them are looking to hire conformable bird dogs to seek for properties that are abandoned, lacking attention or are in disrepair.

Depending upon the understanding with the investor, a bird dog may just pull together information such as the address and condition, take a few photos, and turn this information over to the investor. (These steal properties may be neglected due to absentee owners, divorce, death, pending foreclosure, or a dozen other reasons.)

In other instances, the investor may want the bird dog to take the next step and situate the owners to see if they are anxious to sell. At some point, the bird dog may want to hazard a step foster and learn how to estimate repairs. This information alone is priceless to the investor.

If the investor closes this deal, he or she is willing to pay a finders fee for this service. That fee could range anyplace from $500 to $5000 depending on the size of the deal.

Below are five good reasons for becoming a real estate bird dog:

1. No Investment; No Risk

If you choose to start in the real demesne investing stage business by being a bird dog, you will put out no investment other than your time and the gas that it takes to drive the neighborhoods. Since you are not really making the purchase or draftsmanship up the contract, you have absolutely no risk.

2. No Need for Stellar Credit

If your credit score is boundary line or worse, that is no problem in this business. In your job of seeking out steal properties for investors, your credit score means absolutely nothing.

3. Spare Time Work

This is work that can be done in your spare time. If you have a full-time job, thats no problem. You can use evenings and weekends to search for deals. In fact, its the hone half-time job because you control your own hours.

4. Learning the Ropes

As you begin working with real estate investors who know what theyre doing, an informal mentoring of sorts begins to take place. When your finds are sour down, you will learn why and thus you will learn more about the business. Soon you will be sizing up deals like a pro. You will come to understand location, timing, and the market. What a great way to learn a business.

5. Earning Money

Be inclined in the beginning to have a lot of your properties turned down. Dont get discouraged. You are on a encyclopaedism curve. Soon you will begin to catch on and will be able to sniff out exactly what the investors are wanting. As you do, they will grab up those deals, flip them and pay you your fees. And the earnings will begin to stack up.

Conclusion

Many successful real estate investors got their start by driving the neighborhoods sniffing out the deals as a bird dog. Its the perfect stepping stone to starting your own real estate wholesaling business. maybe it will work for you as well.

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