Real Estate Bird Dog Training

There are a few things that you must learn in order to be successful at real estate investing.  The fastest way to achieve maximum success in real estate is start from a level where you don’t have to invest much cash into finding your way.   Becoming a real estate bird dog teaches you how to find properties, locate buyers and put the whole process together.

In today’s real estate market there is a huge opportunity for those new investors, property locators or real estate bird dogs.   Homes are going into foreclosure and those owners need help to stop their foreclosure and there are plenty of buyers looking for great deals.  That is why being a real estate bird dog is the perfect solution for new investors to learn the ropes.

A few things you must know to be successful at real estate bird dogging:

Find Buyers
Locate Sellers
Present the Information

Finding your Buyers

The first thing you should do is build your buyers list of investors that are currently looking for good deals.   Your buyers equal the cash you need to close any good deal you may find.  You should want at least 20 serious buyers to unload any properties you find.  There are so many ways to find buyers for you deals and a few are to place your own ad in the newspaper, place an ad on craigslist to find some buyers as well as backpage.

A good real estate bird dog is as good as the buyers on your list. You can find buyers by also linking up with an investor that can show you the ropes.

Locate Sellers

Once you have your buyers lined up you want to come up with some  products to show them.  Any good deal you find is your money so you need to get very good at finding deals for your buyers.  There is an abundant of buyers in this market because now all the bargain hunters are out looking for killer deals. 

A few ways to find your sellers are the newspaper, for sale signs in the yard, and placing your own ads in the newspaper and on craigslist.  The best way to produce leads is from the use of the internet, if you don’t have a good internet presence then you can work with someone that has already put in the grunt work.  In order to have a good flow of real estate leads you need to have as much marketing going at once.

Presenting your Deals

Now that you have your buyer and a property for your buyer, as an efficient real estate bird dog, you want to have everything laid out for your buyer.  The reason you want to present your deals to your buyers is first and foremost you want to look professional.  Professionals get paid more than those that shoot from the hip. You have to package your deals to make you look like a professional bird dog that knows your local real estate market.

A few things you want to have together for your buyer to ensure more than $500 per deal are as followed:

Property Address
Asking Price
Location of city
Type of house
Pictures outside are ok (preferably inside as well)
Pictures of houses in the neighborhood
A brief assessment of the house
Email Account
Internet Access

Provide all of those into a package and you will ensure that your buyers will love it when you come around because all they have to do is research the numbers and tell you if there is a deal or not.

Summary

You can make some really good cash if you master how to place buyers and sellers in the same room so you can step in to make a quick profit.  Once you learn everything you need to learn about your local real estate market, you can start to dictate how much money you make for the month.