The Basics of Real Estate Bird Dogging – Lesson 03
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.
Fast Real Estate Profits with Bird Dog Ninja Click Here!Filed under: Basics of Finding Deals • Become a Real Estate Bird Dog • Being a Real Estate Bird Dog • Finding Properties • Property locators • Real Estate Bird Dog Training • Real estate bird dogging • Real Estate Bird Dogs
Like this post? Subscribe to my RSS feed and get loads more!
Hi,
I live in Georgia looking for a way to build resource in real estate. I thought of flip houses but need funds to invest not finding the right source of people with ethic who are willing to invest with their on money then pay me a fee at closing. People wont big money for their program. Now Looking into bird dog house hunting and someone to pay me a finder fee. I am finding it much harder now that i am unemployed money is very thin. But i will not give up on my passion to make it big in real estate and i will then help other along the way.
You can be a bird dog on a budget as long as you have internet access and a telephone. Forget about doing flyers, direct mail or advertising – which takes $$$.
Go to your local real estate investor association meeting and look for investors to work with and to mentor you.