How do I find Bird Dogs in Connecticut

Question

How do I find Bird Dogs in Connecticut? I am finding that wholesalers are playing games when it comes to viable deals.

James Hamling · Answer

To some degree I see where your coming from. Fluffed ARV's, poor reno estimates etc..     But I'm also a realist, there trying to pitch for a top dollar sale. So it's to be expected that someone you don't have a relation built with is going to be pitching you.

But I wonder the legitimacy of whom your talking with as a "wholesaler". For every legit wholesaler there's gotta be no less than 499 wanna-B's, if not 4,999.

And I got a feeling your rather novice, using something as outdated as a 70% rule of thumb, I haven't used such in over a decade.    If your using a playbook from '09', yeah, that's a setup for failure right there.

In general most nobody has any reason to sell anything at 70% value, they just don't. Money is so easy to find it's crazy. 2010, having access to capital was rare and special, deals were easy to come by because most had no way to transact on them, that's not the case today.

Today, it's more operational based, those lacking operational capabilities or not wanting to engage in such sell to those who do, and thus the profit calculous has shifted from transactional ability too operational capability.

Your expectations and reality are not aligned, and until they align, it's going to be a pain point. To do that, well, I doubt reality is going to shift to what you want so odd's are your going to have to shift too the reality.

Eliott Elias · Answer

Bird dogs are not easy to come by. They typically don’t label themselves as Bird Dogs either. They are typically neighborhood locals who just understand the neighborhood and have a close pulse on what’s going on.

James Hamling · Answer

Again, James, your gonna have to define this for us because we can't read your mind of what you mean when you say "high quality, low priced".

Are you saying your all pizzy because you want someone to hand you a $400k market value property for $300k that just needs paint and carpet cleaned?

Because your delusional if that's your expectation.

Let's get real man, what value do you bring to the table?

Oh, you wanna buy it....... Yeah, you and about 14 million other's. So again, what is YOURE value that you bring to the table?

That person who put in the work, time, energy, effort and actions to dig up and CREATE a "deal", of a $400k market value property only needing paint and cleaning, yeah, there gonna want to sell it for THERE best profit. And why wouldn't they?

So yeah, if they can get others offering $375k guess what, your gonna have to pay $380k+.

If you don't want to do any of the work, none of the knowledge, zero investing in making your own deal flow, than welcome to the reality of it all, that your just one more on a giant pile of persons wanting to buy those "deals".     Your RETAIL by other means, that's it.

This is why I use exactly 0 wholesalers today. I am the "rain-maker" myself. I MAKE deal's. I don't wait for them to happen upon me.

And post '08' I arguably ran one of the biggest wholesaler networks there was. I had dozens. But, it ain't '08' is it. That decade is long gone, and so is sitting on ones duff expecting others to do everything and just drop bags of gold on ones lap.

Wholesalers today, they have endless oceans of buyers, ENDLESS. There gonna sell for highest and best, as would anyone.

Jerryll Noorden · Answer

That seems a bit random don't you think?! Advertisement and SEO?! Where did that come into the equation?

I was just wondering what you meant with playing games.

Everyone is looking for high-quality low priced deals. I have high-quality low priced deals all the time. I have a select few buyers I deal with. If you want to get these deals you need to make connections. Show you are a serious buyer.

You need to build that up. I don't just deal with just any ol' buyer that claims they have the means to close.

Remember, Those that do get these high-quality deals have no issues getting them sold. Most of us who do get these deals are not in the market for new or more buyers.  I have a select few I know and trust and before I even get the contract signed I send them to the walk through and I just tell them, to make them an offer as long as you include a $XX wholesale fee into the mix for me.

And they get it done. I don't have to work it any more often enough.

Once you understand this, it is hard to get quality deals standing on the sidelines.

Just network. Find the most reliable deal finders on the market and introduce yourself. Tell them you can close within XX days. Show proof of funds, Show your last 2 - 3 purchases made and how fast you closed.

Unlike what everyone thinks.. while most wholesalers are obsessing about growing their buyer's list, the real serious ones try to shrink their buyer's list.

I am about to start a new venture where I send people I trust here in CT a bunch of my leads, you monitor them, and we split the profits. Working out the details but that is the plan. Planning on taking over CT real soon!

Jerryll Noorden · Answer

Was wondering exactly that too!

I love playing games. And I am in CT too!

I wonder if he was talking about me :)

James Hamling · Answer

Define "playing games"?

Mario B. · Answer

Realtors can act as Bird Dogs as well.  Not all properties on the MLS are at full market for various reasons.  I would be happy to help in your search.  Let me know if you would like to chat more by phone.  I will be in Bridgeport this Saturday for a few property tours.  Once I have your criteria, I can put you on auto e-mails and we can touch base weekly or as often as we find things that may work.

How do I find Bird Dogs in Connecticut

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