Posted by Jeff on March 26, 2003 at 11:13:33:
Learn how to wholesale properties for real money. It’s just as easy. Birddogs get ripped-off. Why do you think rehabbers like them so much?
Also, wholesaling avoids any potential problem with agency laws, which birddogging violates.
Bird Dogging? Where to start? - Posted by Ron
Posted by Ron on March 26, 2003 at 11:08:14:
Okay. I have done my research and homework on this site and I am impressed. I want to start out bird dogging some properties in this area. The market here is a buyer’s market. Homes are actually selling above market value now. What steps should I follow to get started?
Re: Bird Dogging? Where to start? - Posted by hendrix
Posted by hendrix on March 28, 2003 at 08:08:55:
Birddogging is a good no liability way to start
He would be making contacts with other investors learning their criteria for buying homes. He would be learning who the hard money lenders are which ones are the easiest to work with. He would also discover which contractors lawyers to use etc. He would be getting good phone experience dealing with sellers. The purpose of being a birddog is to learn as much from the investors about their type of investing as possible. A birddog can have investors sign a simple contract. If the investor won?t sign it that lets you know he or she is shady.
The reality is when somebody decides to start RE investing they don?t know their area or market or what the heck they?re supposed to do. I say start out birddogging buy John Locke?s book e book about birddogging build your team of players and buyers list. Buy a wholesaling program preferred somebody well respected like Steve Cook or Scott Rister. At sometime in your beginning stages buy Dwan & Sharon?s No equity = big bucks so you can start making $10,000 a flip instead of 2K-3K
Re: Bird Dogging? Where to start? - Posted by Kristine-CA
Posted by Kristine-CA on March 26, 2003 at 16:19:33:
I agree with the other post. Bird-dogging won’t teach you what you need to recognize a deal and won’t teach you enough about working with sellers (or buyers for that matter.)
Also, my understanding of the markets: a buyers’ markets are when the deals are in the buyers’ favor. If homes are selling above market value, etc., then it’s a seller’s market. Unless I’ve had it backwards all this time.
Sincerely, Kristine