A&E - FLIP MY FORECLOSURE SCAM PART 1

Flipping Phonics $16.09 No Synopsis Available

To start your Property Locating venture off correctly you need to realize the progression that you can go through as you gain more experience as a Real Estate Bird Dog.

There are three graduated levels of Bird Dogging:

1. Locating -

These Bird Dogs search for and find properties, providing investors with basic property information.  For example, an investor may want the addresses of all vacant, single family homes in a given area. Read the rest of this entry

There are some easy ways to get rich. Flipping real estate is a popular way to get rich. It’s very easy to handle. You simply buy an inexpensive home, make improvements and then sell it fast for more than you paid for it. In other aspects, flipping houses is not an easy way to control because flipping houses has many connotations. Investors buy a property, rehab and renovate and then sell for a tidy profit. This requires a lot of work.

There are house finders also known as wholesalers, flippers or bird dogs that find good deals, get the property tied up and under contract, and then find and assign the contract to the actual buyer for a fee. This process is known as assigning a contract, and requires some skills to handle it appropriately. Now let me introduce you some skills about assigning a real estate contract. Read the rest of this entry

Finding properties is the perfect way to earn extra money for those without cash or credit, because you can succeed even if you don’t have anything to start with.  Finding properties is perfect for single or stay-at-home moms, people with flexible schedules, retirees, students, or anyone else that can use some extra money.

Even if you’re employed full-time you can search for properties in your spare time and refer them to us. It’s easy and there are so many advantages!

• You can earn quick cash profits.
• There’s no financial commitment required…just keep your eyes and ears open.
• You have the ability to learn the real estate business working with experienced investors while you gain hands-on experience without the risk.
• It’s a great income for part-timers, students, retirees etc.
• There’s no employment contract – you find ‘em, investors buy‘em.
• You can start in your spare time…work where you want and when you want.
• You can find out if real estate investing is really for you before spending hundreds or thousands of dollars on books, courses and other educational programs.

Your job is simply to supply quality leads to investors and they handle the rest of the process.

In the next training lesson we will cover whether or not Bird-Dogging is Legal or not.

Real Estate-Bird Dogging is one way to get your foot in the door of real estate investing.  It is a great way to use your interest in real estate to gain both experience and income.  And if you do it correctly it’s risk free, requires very little cash, but does require time and effort.

Investors will pay you a fee for finding houses for them to buy! When you find a property that meets their criteria, some investors will have you do some basic research on the property and then provide them with the information that you collect.   The more upfront work you do, the higher the reward you should expect to be paid.

Usually, investors will ask you to find out information about the condition of the property, approximate market value, the current owner(s), what it might cost to fix the property up, etc.  After gathering all of this information, you then submit it to a real estate investor and if they end up purchasing the property, you get paid.

1. You use your spare time and expertise to locate discounted real estate properties that are for sale, from motivated sellers.  (Don’t worry about the ‘expertise’ part.  We’ll cover that later).

2. Concurrently, you have been collecting the names of individuals or companies who want to buy real estate for investment purposes.

3. At this point you have two choices:

• You can prepare a presentation on the property you located to present to a potential buyer
• Enter into a contract with the seller with the intent of “flipping” it before you have to close on it yourself, or have a simultaneous closing with the buyer you found.  (Again, this is explained in detail in my Bird-dogging book).

Note: Flipping for a new investor can be risky.  You do not need to “flip” properties.   You can make money letting a buyer purchase the properties you find for him or her.

4. You collect a “finder’s fee” from the buyer for the legwork and paperwork you did for him or her, but only after he or she closes on the property you presented to them.

For those of you new to the idea of investing in real estate, there are three fundamental principles that real estate investors follow.  Different investors have different names for these three principles, but basically they are:  Finding it, Funding it, and Farming it.

1.  Finding It

All real estate investments or deals must start with a product, which in our case means a property.  You can’t do anything in investing without a property, such as a house, to buy and sell.  You have to have a product that someone is willing to sell.  This is where real estate bird dogs come in, they are the property locators that find deals for real estate investors. RealtyTrac is one site I have used in the past for finding properties, another one is Foreclosure.com.

2.  Funding It

 Once you have identified a house that an owner is willing to sell someone has to pay for it.  For property locators, most of whom have very little cash, buying the property is out of the question.  As a Real Estate Bird Dog, you will be finding other people, such as real estate investors, to buy the property.

Later on, as your skills develop, I will show you how you can do this part as well.  But for starting out, you will concentrate on finding someone that has money to buy the property.

3. Farming It

For a Bird Dog this means you will be locating real estate investors to hand the properties you find over to.  The real estate investors will in turn be ultimately responsible for find a buyer for the property.  They may sell it to another investor, keep it as a rental, or sell it to someone that wants to live in it.

There are a lot of different ways to accomplish every one of the above principles.  We will concentrate on how to locate properties and then move on to other areas and give you a well-rounded real estate investing education.