Three Levels of Real Estate Bird Dogging – Lesson 08
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.
2. Locating and analyzing -
Most investors do not pay Bird Dogs for just handing them an address and a phone number. They want them to see the homes and talk to the owners, and to negotiate the best price they can get. Investors also do not normally pay for MLS leads unless someone has the property under contract at a fair price. A good investor will pay their Bird Dogs to bring them useful information that helps them to determine the value of a deal. If you are interested in raising your productivity a bit, train others to do what you do and pay them well for it.
3. Locating, analyzing and getting the property under contract -
These Bird Dogs (also known as flippers and by some folks as wholesalers – depending on who you talk to) locate deals by putting ads in papers, driving neighborhoods, putting up signs, mailing postcards, etc. When they get calls from sellers and the deal looks good they actually get the property under contract and then present the deal to investors.
Basically, there is a lot of confusion over the terms flipping and wholesaling. We will define these terms in more detail as we go along.
Filed under: Real Estate Bird Dog Training
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