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BIRD DOG AGent
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Understanding Bird Dogs In Real Estate
You might compare a bird dog in real estate to a headhunter, or someone who finds people to fill the right positions at companies. You might even compare bird-dogging to its namesake, the hunting dog that flushes out birds so the hunter can catch them.
To get a better understanding of bird-dogging real estate, let’s look at its advantages and how to bird-dog your first real estate property.
What Is A Bird Dog In Real Estate?
In real estate, a bird dog is an individual who searches for underpriced and often distressed properties on behalf of real estate investors. A bird dog is paid in return when their lead results in a successful purchase.
Frequently Asked Questions
How much do Bid Dog agents make ?
The answer is it all depends on the price of the house and how much work has to be done.
How quickly do Bid Dogs get paid?
Bird Dogs are typically paid at time of closing. Its best to keep properties in your pipeline so paydays keep coming.
What do I have to do to Bird Dog for properties?
A bird dog, or a property scout, works online, in a car or on foot to look for investment properties for real estate investors. They may search for homes for real estate investors to flip or for people seeking housing units, for example. Bird dogs generally search for distressed properties, foreclosures and other “deals.” Investors and bird dogs alike often seek these properties because of the opportunity to buy a home at a discount. If an investor decides to buy the property and the sale goes through, the bird dog gets a commission.
What are some advantages of Bird Dogging?
*It's low-risk and low-commitment. Bird-dogging is low risk because it’s a type of real estate investment that doesn’t require the bird dog to purchase property. In addition, it presents a low commitment because once they pass a property off to their investors, they don't have any more responsibility to that property.
*You can work part time or full time. Bird dogs can enjoy a flexible schedule, either putting in only a few hours a week or committing to it full time you will gain more exposure and opportunity. Even though you don't actually purchase property yourself, a bird dog can learn a lot about real estate, particularly when learning how to locate properties that have potential.
*Newcomers to real estate can find that becoming a bird dog is a great way to learn about real estate on the job and can make a profit. It's possible to earn a good income as a bird dog, particularly because bird dogs don't invest any of their own cash. $$$
