A real estate bird dog is an important person of a real estate investment plan. As you may be aware, the main duties of a bird dog is to locate property lead for real estate investors who are willing to work with them. In return, investors will pay a fee to real estate bird dog for their effort for finding property for them.
So, how exactly that one can become a real estate bird dog? It’s simple. I will show you a 3 steps plan in order to become a successful bird dog:
i) First and foremost, you have to look for real estate investors who are preparing to accept your offer to work with them and find them profitable property leads. Investors are everywhere and it is easier to find one in a local investment club where they are normally gather together for exchanging views and knowledge of real estate investments
ii) Once you found an investors, you are basically ready to start your real estate bird dogging. Treat bird dogging as a business and learn the rope of it from scratch if you do not already have the relevant experience in real estate investment.
iii) Present the information that you have gathered to your investors in a concise and accurate manner. Information that are normally submitted by a real estate bird dog for investors’ evaluation including but not limited to location of property, purchase price, title particulars, background of landlord, indicative selling price and so on.
In order to become a successful real estate bird dog, it is important to constantly improving your knowledge in real estate investing. In fact, the hardest part of this business is not finding real estate investors or looking for a profitable deal for investors, but the determination to continue learning the rope of the business.