Building a Buyer’s List – Training Lesson 30

Wholesaling properties or selling/assigning the agreement to an investor or buyer is much more straightforward if you have a list of buyers able to buy or take over your deals.  It is among the more vital things you can accomplish as Real Estate Bird Dog or investor. If you are a real estate property finder that plans to make some cash finding properties or sooner or later wholesale houses, you really need to start building an inventory  now.

Do not wait until you might have a property under contract to start building an inventory of possible investors or retail customers that will be excited by offers which you find. Building a buyers list takes time and may even take some money. Why not avoid wasting money and start building your buyer’s list by using low or no cost strategies.

1. Submit Ads on Free Classified Advertising Internet Sites

CraigsList is the largest classified advertising {web site|website online|website|site. (I refuse to use backpage.com anymore because of their permissiveness in permitting child prostitution promotions on their site.)

2. Answer To Ads on These same Classified Adverting Websites and online Newspapers

There are different investors listing ads to sell their offers. You can give them a phone call or send them an e-mail to introduce your self to them.

3. Bulletin Board Posts and Bandit Signs

This is one of the best|probably the greatest|a top-of-the-line|the most effective|among the best|among the finest} technique I use to find buyers.  I use aIJust use a piece of 12 ×18 light colored corrugated plastic signs and write on them with black or crimson permanent marker that I have a cheap house for sale.

In the event you’re going to be using signs, be sure to take a look at your local ordinances, as some spaces have restrictions on where signs can be located.

4. Give a Call to all the For Rent ads in your preferred neighborhoods

If a person owns a house for rent they are likely an investor that may want additional houses.

5. Contact your Buyers Immediately

Keep in contact with your buyers on a continuous basis and if you have a deal get in touch with them quickly.

6. Network at Actual Property Investor Affiliation Conferences

We’ve discussed this many, many times in earlier real estate birddogging articles.

The above strategies are only a few ways in which you can get started building your buyer’s list. Get Started Now.

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.

www.REIClub.com – Real Estate Bird Dogs Can Learn Real Estate Investing With Almost No Risk.

Here Are Some Quick Tips On How To Bird Dog Real Estate.

Today I’ve got a quick video on how to become a successful Real Estate Bird Dog.

• Find Real Estate Investors to Build Your Buyer List
• Two Main Types of Investors You Can Bird Dog For – wholesalers, rehabbers
• We Buy Houses Ads – craigslist, newspaper ads, bandit signs (we buy houses)
• Cash Buyer Ads, handyman special ads
• Local REI Clubs – Networking, investor referrals, wholesalers and rehabbers
• Real Estate Agents – investor referrals
• Title Companies, Closing Attorneys – investor referrals Determine Investor Buyer Criteria: Basic info
• What price range and price to value (discount needed)
• how many bedrooms and baths
• age of properties
• what areas of town
• how much rehab/repair
• any other criteria How to Find Deals: No need to spend money, because you don’t get paid on time spent, just at closing
• Wholesalers – find deals for your rehabbers
• Driving For Dollars – Drive around different areas and look for ‘For Sale by Owner’ signs, rental homes and boarded up
• homes, etc
• Searching Online Ads – Craigslist, Realtor.com, smaller FSBO, FRBO sites
• Local Newspapers, Penny Savers (Thrifty Nickel, Greensheet, etc.)
• Local Real Estate Clubs – networking, referrals * Realtors – provide them with investor criteria – realtor …

Don’t forget to signup for my Free Real Estate Bird Dog Course at http://realestatebirgdogs.net

There is a lot of wealth to be found in real estate investing, wealth that many people, maybe including you, are anxious to be a part of. You might think that the only way to be a part of this wealth is to have a lot of cash to start with, along with a lot of experience.  Most people think that real estate investing carries high startup costs and a high level of risk. I’m here today to tell you that this is not true, and you too can get involved in the world of real estate investing.

One of the lowest cost, lowest risk ways to get started investing is in real estate is to start out as a “Real Estate Bird Dog“.  Real estate bird dogging involves locating properties for other investors.  You simply find the properties and refer them to people that have the money to buy the properties.  There are variations on what a property locator is, all of which we will cover in these free real estate bird dog lessons.

As we go through this Bird Dogging course, I am going to show you, step-by-step how to find properties and turn them into profits.  I will show you all of the steps that I follow (and some that I don’t follow) to find undervalued properties for sale and find investors to hand them off to – and get paid for doing it.  Enjoy.

Make sure that you sign up for the course to ensure you receive all of the lessons.