All Forum Posts by: Michael Culler

I still don't see why EVERY bird dog wouldn't upgrade their status to wholesaler.

Even if they just did a makeshift option contract with the seller, and got it right later. Why start yourself out with a nickname like bird dog anyway?

I know plenty of wholesalers that didn't know their butt from a hole in the ground, so it cant be that bird dogging is required for the experience or something.

I'm not saying I mind that they do business the way they choose to do it. I just think its the easiest upgrade in the world to make. It's not as hard as say, going from wholesaler to rehabber or something of that nature.

Use your Realtor on the Sale side.

Go directly to the listing agent if you must buy a house that is listed by a realtor.

Buying from a wholesaler will bring great discounts. If you cant pay cash, think about getting hard money for the purchase, since it allows for assignment fees to be paid to the wholesaler.

I am still trying to figure out the common differences between a bird dog and wholesaler.

Is a bird dog a deal finder that just hasnt figured out he can contract the deal and make money on an assignment?

I would assume everyone can live without them. But if you met one that brought you a fantastic deal, then you would be happy you let them into your circle, right?

If what you guys are calling bird dogging is really wholesaling then there should be signed purchase contract that includes assign ability.

I have had a Real Estate Broker try to tell me that it was illegal. I pointed out that page two of the FARBAR (Contract that is approved by Florida BAR and Florida Association of Realtors) has an assign ability section in the contract.

In that section there is a box that can be checked that says: buyer may assign and therefore be released of liability (not verbatim obviously)

So here in Florida I KNOW at least that it is totally legal.

HOWEVER, there are some wholesalers or bird dogs that tell their sellers they are marketing the property for a buyer, and they discuss things as if they are a licensed real estate agent or broker. Those are the folks that are breaking the law.

But we always used the term bird dog to describe someone who doesn't even tie up the property with a contract. They just pass on the info to us, and we go out and paper the deal and pay them if we close. They trust that we will pay them if we like the deal, and we do so we can make sure they keep bringing the deals.

I think you are talking about transactional funding for double closes?

Or are you talking about Gurus who are selling educational materials on how to invest with no money?

Excellent link Matty, and very much appreciated. I may have to form my own group, or drive to Miami.

MikeOH, I have no idea when the complete collapse could be, or if that will be allowed to happen. If you figure it out, please let me know well before it happens.

Although if they add in higher taxes (for the so called rich), increased inflation (everyone enjoys this), and more corporate layoffs (inevitable when they raise taxes) we could see more serious problems in the not so distant future.

But hey, more people will qualify for public housing, food stamps, "free" health care, etc... so its not all bad right?

Its safe to say I have to give up on the idea that anyone cares about how our monetary system works. And how it is set up for multiple failures.

It is much easier to just continue to play along, and that's what most will do.

That being said, I am thinking of a move before hyperinflation gets the next depression going.

Perhaps the UK or China would be a good choice? As a visitor of course...

What really irks me is the fact that we all worry about these Liberal vs Conservative and Dem vs. Rep issues.

Meanwhile NOBODY is discussing whether or not a group of bankers should control our nations monetary policy.

You call it what you want. What you call money, I call Federal Reserve Notes.

http://en.wikipedia.org/wiki/Federal_Reserve_Note

I wish this was a conspiracy theory, and not the way it really is. But yes, every dollar is really a debt owed to the Fed with interest. The taxes you pay on your labor (also un-constitutional) goes towards paying this debt.

Oops. double posty.

Judging from Obama's choice in Secretary of Treasury, he is not the president to abolish the Federal Reserve System.

Tim Geithner was President of the New York Fed.