There are a lot of people talking about bird dogging in real estate. Specifically, they are referring to bird dogging wholesale properties to cash buyers. It is the process of finding cash buyers and determining what they want to buy. Once you have qualified your cash buyers list, you will know which properties they want and how you need to structure your wholesale deals. You will find properties that meet your cash buyers investment criteria, gather information about the property and seller, and run the numbers on the property. When you run the numbers, you are taking into consideration what your cash buyers are looking for in their wholesale properties. If the numbers make sense to your cash buyers, they will pay you for the address to that wholesale deal. You can stand to make $500 – $3,000 per investment property you bring your cash buyer.
There is a new trend spreading through out the real estate investing industry. Seasoned cash buyers, that have more properties than they can hold, are looking for bird dogs to bring them other cash buyers for their properties. It is kind of a reverse form of bird dogging. You have an ongoing source of properties to sell that meet most cash buyers investment criteria, however, you have a growing list of cash buyers to sell these properties too. In most cases, your cash buyers buying properties are going to be landlords who are looking for long term turnkey rentals. Many of the seasoned investors who are selling properties have an ongoing source of wholesale properties that they getting from other bird dogs or from other sources. They will fix these properties up, rent them out, and put property management in place and sell them as turnkey rentals to people who want to hold onto real estate for long term cash flow.
The key factor to recognize is that you can be a bird dog who finds wholesale properties for seasoned cash buyers and then help them find other cash buyers to buy their turnkey rentals. It is a great working relationship that can pay very well. Infact, you should check out a group out of Kansas City, MO who offers such a program for bird dogs. Their website has many great properties available and they offer details about their great bird dogging program.
The most profitable way to look at real estate investing is to embrace the fact that there should never be any wasted effort. You can maximize your time and effort by looking for as many opportunities to help and aid those around you. Everyone knows someone who is in need of selling, renting or buying a property. You just have to have enough guts to ask.