How To Become a Professional Real Estate Bird Dog written by
In normal circumstances, a bird dog hunts down, sniffs out, and points to that which the hunter desires. However, a real estate bird dog in similar fashion hunts down what the investor desires. Therefore, as a real estate bird dog, your work is to hunt down properties for a real estate investor to buy. Usually, this are leads of people trying to sell a home fast.
Most real estate investors prefer buying properties without having to find a seller by themselves, which is why they look for bird dogs to do it on their behalf. These real estate investors on the other hand pay the bird dog a percentage of the sale of the property as finders fee. This means for each house the bird dog refer to an investor, he or she get paid generously. Therefore, you can make a lot of money if only you are self motivated.
Why People Go for Bird Dogging Business
While many people want to become real estate investors, they lack cash or credit to buy properties and others don’t know how to do it. These are some of the reasons that drive people to become real estate bird dogs and eventually they use the money they make from the business to start their own real estate investing.
How to Become a Professional Real Estate Bird Dog
1. Find a Niche that You Are Much Interested In
In order to become an expert in bird dogging business, it is really a good idea to look for a niche that you have so much interest in and start developing from there. Later on you should become familiar with every commercial property and home in the area and this needs a lot of determination and research. Therefore, it is very important to choose an area that you personally enjoy being there.
2. Get Familiar With Owners of the Properties
Once you have gained the general information about the area, the next thing you should do as a bird dog is to become familiar with the owners of the properties. This is because the owners can provide you with some vital information such as the last time each property was renovated, changed hands, had an addition built on or what it sold for.
3. Attend town meetings that target your area of expertise
Attending town meetings which target issues directly involving your area of expertise is another way to obtain inside information to be able to locate distressed real estate properties. Such meetings allow you to network with the residents. As a real estate bird dog, you never know what kind of information can lead you to that perfect opportunity.
4. Keep Files on Real Estate Properties
If you want to become an expert in real estate bird dogging business, then always keep files on properties that you have a good feeling about. By doing this, you become a known source of real estate investment information and a lot of investors will begin turning to you for referrals and leads.
5. The Bottom Line
Becoming a professional property finder is a great way to get started in the real estate business. Remember that you don’t need any credit or money to do this. The only thing you need is the willingness to learn and apply what little you learn.
If you are looking for bird dogging opportunities, contact cash for houses depot. They are always looking for bird dogs in South Florida. Other options are FL House Buyer.com and DistressedRealEstateSolutions.com