re you anxious to get a Bird-dogging combines the
piece of the wealth that is enthusiasm of the new investor
to be found in real estate with the money and experience of
investing? Until now, if you successful investors. Bird-dogs
didn't have experience or cash it search out properties that are
would be very unlikely that you'd abandoned, lacking attention or
be successful since real estate are in disrepair and attempt to
investing carries enormous risks contact the owners about their
and high startup costs. New interest in selling. The idea is
investors with a lack of to find home owners who are
knowledge have lost all of their anxious to sell. This may also
savings from a bad investment. include owners with foreclosures,
divorces or a death in the
How can you prepare yourself to family.
take on this lucrative market,
especially with no cash? Bird-dogs then show the property
to the investor. If the investor
The buzzword among investors for is interested or closes the deal
those making a start in this they pay a 'finder's' or
field is "bird-dogging". Don't 'referral' fee to the bird-dog
forget it. for the service of locating the
property.
WHAT IS 'BIRD-DOGGING'?
HOW DO YOU BECOME A BIRD-DOG?
Bird-dogging is a system which
allows those who are interested Your first step would be to find
in real estate investing to gain a company who advertises on signs
experience AND income with no or in the newspaper that they buy
risk. houses, or take over payments.
Tell them what you'd like to do
and ask them which areas they'd HOW MUCH DO BIRD-DOGS MAKE?
prefer you to look at. Drive
around the area and look for 'For Fees paid vary from $500 to $5000
Sale by Owner' signs, rental depending on the investor or the
homes and boarded up homes. cost of the deal. Some businesses
will also pay you a standard fee
You will develop a sense of what if you bring new investors into
individual investors are looking the business.
for over time. This is the
learning phase. You will pick up You can make living as a bird-dog
what experienced investors or save your new found wealth to
consider 'good' or 'bad' deals invest yourself when you've
based on working with them. mastered the art of spotting the
Expect your finds to be turned perfect deal!
down at first as you learn.
About the Author:
This article provided courtesy of http://www.texas-real-estate-guide.net
Source: www.isnare.com
