What Are Real Estate Bird Dogs… (and how you could become one)

For those who may perhaps be not in the know the term bird dog in the buying and selling of property industry; stands for an individual that spends his or her professional time seeking properties that hold significant investment potential. In essence the primary aim of such property finders is to effectually locate distressed property that are to be had at excellent discounts. Which they can then repair or renovate and at the end of the day sell for a handsome profit.

On the other hand, a bird dog may, after zeroing in on a viable property, use his/her resources to put it under contract with the intention of assigning it to a “rehabber“. Who then has the responsibility of repairing and then sells it at a profit.

Bird dogging in the real estate industry can also refer to individuals who spent most of their professional efforts in pinpointing significantly under-priced properties that have the potential to bring a good and steady income. This usually brought about through letting (renting) it to tenants who pay rent. It is consequently safe to say that a bird dog, like in literal sense of the term, acts like those canines that hunt down birds and afterwards retrieve them when the hunter has shot them. These professionals main task is to hunt down property and then find interested refabbers or investors to sell to at a profit.

Warning: Unlike what some people might like to think, such a career is not as easy as it may appear despite the undeniable fact that it requires no advanced experience in real estate, hefty capitals as well as it not carrying the risks associated with other moneymaking ventures in this industry.

For the most part, these property finders normally liaise with a highly diversified variety of distressed real estate portfolio owners in their day to day operations. Which naturally gives them unlimited access to lucrative investment portfolios available in most of the hottest markets.

Using such resources and information, a bird dog then starts looking for investors who may be on the prowl for the specific properties he or she might have on their portfolio. This is obviously a boon for the investors as they are relieved of using their valuable time and resources. By letting these professionals do all the leg work in getting viable deals and then proceed to cash in on them. Essentially these individuals have the responsibility of finding investors for properties and not the other way round as is usually the case.

While been a successful bird dog , like earlier stated, does not necessitate in-depth experience into the business , it can sometimes be challenging to get a break in this game. And It is thus always advisable if you wish to try out this career to work under an established bird dog before venturing out on your own. Mainly because such individuals, as would be expected, have already built colossal networks of distressed real estate portfolio holders, who constantly feed them with new prospects at a regular rate.

At NeedToSellMyHouseFast.com, we work with bird dogs in select markets who locate properties for us. If you have access to real estate deals and are interested in becoming a bird dog, contact us here.