Posted by charles parrish on March 07, 2006 at 22:13:20:
Perfecting bird dog techniques requires practice at locating properties and negotiating an equity or cash profit? If all a bird dog does is to look for properties with equity, the search would be a very daunting task. You just can not go the classified section of the newspapers to find an ad that says; ?Real estate for sale, motivated seller, lots of equity available to steal, call now I am ready to walk away from all this profit, call me now, 1-555-take it.
Any one can find telephone numbers of sellers. But, can they negotiate with them; the art of making “Trial Offers” on the phone is the expertise that will uncover property owners with a good equity to control? The ability to read between the seller?s words, to interpret their hidden motivation is a learned skill? Being efficient at pulling comps and analyzing the fair market value is very important in helping to determining equity potential? I consider these very important qualities for a bird dog (I prefer the name ?Locator? over bird dog). A good Locator can make thousands of dollars working with a pro active real estate investor. Being a Locator is the first stip toward being an efficent investor.
That’s my opinion…???Charlie