How To Be A Bird-Dogger and GET PAID FOR IT!

How To Be A Bird-Dogger and GET PAID FOR IT!

NO MONEY, NO CREDIT, NO EXPERIENCE, NO PROBLEM **

I am sure that this topic sounds familiar to some, as well as it should. It was posted here one before but I had to remove it for various reasons. Now I am posting this one - I am going to try to make it as comprehensive as possible and any questions you have you can ask here.

A Real Estate Bird-Dogger will canvas the ads and websites any any other venue to find deals on real estate for investors.

They will then be paid a "referral fee" for this information. Now it is completely up to the bird-dogger to negotiate their fee. Yet, some investors only pay a flat fee for referrals, but you know what I say, EVERYTHING IS NEGOTIABLE!

I bet by now you are asking yourself, :How Do I Get Paid?". Well lets take it step by step.

1. Advertise your services as a Bird-Dogger to every Investor you can find. Use craigslist, backpage, flyers, word-of-mouth and whatever elese you can find to get your service out there.
Now at this point you will start receiving phone calls and emails from REALTORS, telling you that Bird Dogging is illegal and that only a licensed Real Estate Agent can get paid in a real estate deal - NOT TRUE. You are not selling real estate you are providing a location service.

2. Once you have built a BUYERS list (this is what you have gotten from your ads for your service) you can then start looking for properties. When combining the list you should be asking what their price range is, where they want to buy, how soon can they close, etc... That would mean anything that YOU would need to make sure that YOU get paid faster and also these questions qualify the buyers.

You definitely DO NOT want to bird-dog for an investor that is NOT a REAL - rehabber. Why, you say....well because if you bird-dog for a guy and he turns around as ASSIGNS it to someone else and their financing falls through you were just left hanging, with no referral fee, and lost a really great deal. So when dealing with investors looking to use your service, make sure to tell them that you DO NOT do third party deals. Anything you find for THEM, MUST BE CLOSED BY THEM, and also in a timely manner.

REMEMBER.....

YOU ARE NOW A BUSINESS OWNER - SO RUN IT LIKE ONE!

3. Getting PAID!
a. If you agreed that you will receive your payment at close of escrow, then indicate so in he promisorry note. Make sure you stay in contact with buyer so you can track their progress.
b. Get PAID using a subscription list! I prefer this way and this is how I do it. I compile me list of buyers and then I compile a list of great deal (properties) I then charge a flat monthly fee for providing the list. I guarantee at least 10 deals on it and all at least 35% UNDER FMV. I then charge 250.00 permonth for this list and I send it out to whichever of my buyers want to subscribe. So if you have 5 buyers that want to subscribe, then you profit 1250.00 per month weher they close on the deal or not.
c. A COMBINATION OF BOTH. You can do both, provide individual deals as well as a subscription list.
d. GET PAID UP FRONT - sometimes you can get paid up fron, by accepting a smaller fee. A lot of investors would not mind giving you 200 - 500 dollars up front on a good solid deal, especially if they see where they will profit well from it. Keep in mind that they may be doing some rehab work that could take months or maybe its an FHA deal and there have to to repairs made - which again could take months.

4. Keep good account and referral records.

5. DO NOT GIVE OUT THE PROPERTY ADDRESS - until you have a nin disclosure agreement signed by buyer. This will prohibit them from acting on the property behingd your back and/or getting someone else to step in an buy it, so they will not have to pay YOU! Once you have the agreement signed, provide address and any other useable info to help the investor make up their mind.

Being a Bird-Dogger can and IS a profitable BUSINESS. Thats right, a business. If you run it half heartedly, you will never get paid, you will never succeed and you will never experience the full spectrum of becoming a real estate investor.

Think of this as the "walking" phase and you can only grow from there.

In the mean time you have done the following:

You make money and profit from your hard work. It can be anywhere from $100 to maybe up to $2,500 or more on each property your investor. buys from you.

You have the opportunity to work in real estate investing and learn from from others that have done it successfully.

You'll work with investors that do not have the time to find deals but have guaranteed money.

What does all this mean? It means that a few good referral deals under your belt, a successful and qualified buyers list, a network of investors with money to spend and the vast knowledge of real estate you have just gotten from OJT (On Job Training) - you are now ready to tackle investing YOURSELF.

Using some of the funds you saved from bird-dogging you now have enough to start putting down the down payments and earnest money you would need to lock up those properties and start assigning and/or buying them.

BIRD-DOGGING......
Man is real estate fun!

I hope this helps you and I am sure you will have lots more questions and as I always say, the best advice I can give you is to - JUST DO IT!

Get up off the couch, step away from the computer, drop the books and put down the phone. GET TO WORK!

Good Luck and Much Success.

Bird-Dogging Tip: Start a notebook with picture and any thing else you have on each property. Use tabs to seperate the structure types and what ever else you would like. Keep it with you at all times - its now your business at a glance.

__________________

Anita
******************************************
TWITTER - anitarny / FACEBOOK - anitarny

"FAILURE IS NOT AN OPTION"


I'm so bad and such a geek

I'm so bad and such a geek that I just reserved bird-dogger.com because after reading this post I went around the neighborhood and found at least 6 properties that are for sale by owner and not listed anywhere else.

Is it really that easy?

I'm still waiting for my books. Is there information in the book about this or do I have to look elsewhere or is it just as easy as it is in here?

I don't want to buy property until my some of my bills are taken care of. I don't want to get any kind of liens on them right now and I have student loans and other things to pay off through my job and possibly this other venture now.

If it is illegal for someone to list a property for sale that someone else owns how do bird-doggers and listing sites that post MLS listings get around this? or, is that just for properties that you're selling in your name? I know it sounds like a silly question. Smiling

Thanks


fyi

repost

__________________

Anita
******************************************
TWITTER - anitarny / FACEBOOK - anitarny

"FAILURE IS NOT AN OPTION"


Thanks Anita and everybody elses comments

Seems here in my state alot of people think bird dogging and assignments are the same thing. I've seen ads claiming I'm a bird dogger and will assign contracts to you. I was thinking of doing some bird dogging as well, I will just have to word it different when posting on the websites so investors know I'm doing a finders fee instead of assigning a contract.


Bird-dogging code name

Is there another code name we can use for bird-dogging, that investors will immediately recognize, when we post ads on known classified ad sites or else where advertising our services (so as too avoid the harassing emails & phone calls from RE agents that you mention)? Is it best to only provide them (investors) with outside photo shots of the properties (w/o any recognizable details e.g. house # or street signs) since we don't have access code to supra lockboxes on RE properties for inside photo shots? How many photos do investors prefer to have on any particular property they might be interested in purchasing? This is be a great service I can provide since I'm taking photography. I have no problem taking discriminating shots that some agents try to hide when they post pictures of property.

__________________

"I will NOT BE BROKE! ANYMORE!"
In the name of Allah, the Beneficent,
the Merciful.
22.He is Allah besides Whom there is no God: The Knower of the unseen and the seen; He is the Beneficent, the Merciful.
23. He is Allah besides Whom there is no God: the King, the Holy, the Author of Peace,the Granter of Security, Guardian over all, the Mighty, the Supreme, the Possessor of greatness. Glory be to Allah from that which they set up (with Him)!
24. He is Allah: the Creator, the Maker, the Fashioner: His are the most beautiful names. Whatever is in the heavens and the earth declares His glory: and He is the Mighty, the Wise.


IDX

geekmom wrote:
I'm so bad and such a geek that I just reserved bird-dogger.com because after reading this post I went around the neighborhood and found at least 6 properties that are for sale by owner and not listed anywhere else.

Is it really that easy?

I'm still waiting for my books. Is there information in the book about this or do I have to look elsewhere or is it just as easy as it is in here?

I don't want to buy property until my some of my bills are taken care of. I don't want to get any kind of liens on them right now and I have student loans and other things to pay off through my job and possibly this other venture now.

If it is illegal for someone to list a property for sale that someone else owns how do bird-doggers and listing sites that post MLS listings get around this? or, is that just for properties that you're selling in your name? I know it sounds like a silly question. Smiling

Thanks

Realtor sites with MLS listings those are feed listings from IDX. They (RE Agents) have to pay annual local MLS dues to have access to MLS listings. You can't advertise a property that Broker/Agent has already under contract between them and Owner(s) [Seller(s)] of the home. Broker has exclusive rights to advertise that property unless otherwise specific between them and the owner. That's why you may or may not see the RE agent's yard signage and/or FSBO sign both in the yard. I'd say find those homes that are FSBO (make sure they are not being represented by RE agent) or vacant properties (those will have a white piece of paper attach on the inside of the window with contact information of either REO listing agent or Lender that owns the property). HTH.

__________________

"I will NOT BE BROKE! ANYMORE!"
In the name of Allah, the Beneficent,
the Merciful.
22.He is Allah besides Whom there is no God: The Knower of the unseen and the seen; He is the Beneficent, the Merciful.
23. He is Allah besides Whom there is no God: the King, the Holy, the Author of Peace,the Granter of Security, Guardian over all, the Mighty, the Supreme, the Possessor of greatness. Glory be to Allah from that which they set up (with Him)!
24. He is Allah: the Creator, the Maker, the Fashioner: His are the most beautiful names. Whatever is in the heavens and the earth declares His glory: and He is the Mighty, the Wise.


wholesale - birddogging

Greetings Anita, I,m an newbie who is a little confused. Is there a difference between wholesaling and bird-dogging? If so, then how so?Thanks in advance for your response.


Bird-dogging ad

Hi I plan on putting an ad on craigslist for Bird-dogging. My problem is, what the heck do I say. I feel like a total noob with this. I've had Dean's BARM for almost a year now and I just ordered his PFREN yesterday and anxiously awaiting it in the mail. Any help would be appreciated.


Bird dogging

Hi Aita I read the book and want to start birddoggin do you say that you need to put down money to get the property undercontract then find the investor?


HELCO

What does this stand for and how can it help me?


Budda, I think you HELOC

Budda, I think you HELOC Home
Equity
Line
Of
Credit
You dont need money for a bird dogging deal,


Wholesalins vs. birdogging

MsCharlie wrote:
Greetings Anita, I,m an newbie who is a little confused. Is there a difference between wholesaling and bird-dogging? If so, then how so?Thanks in advance for your response.

Bird dogging is the act of finding properties for investors for a "finders fee" usually between $1,000 to $2,500.
Wholesaling is the act of locking them up on contract and assigning the property contract over to an investor or end buyer for an "assignment fee" This can be any amount. I usually stick to 3% of the sale price.

Hope this helps.

__________________

Do not fear, for I am with you; do not be dismayed, for I am your God.I will strengthen you and help you; I will uphold you with my righteous right hand. Isaiah 41:10

http://realwholesaling.com FREE wholesaling tips and resources!

To your success,
Carol Stinson


How Does Bird dogging work in detail

How Does Bird dogging work in detail,

do you have to have a contract for both sellers and buyers?

How Can we know for sure we can get paid for finding great deals?

Whats the limits to Bird Dogging?

Can We Do this in NY State?

I just want to know More about this...

Thank you And God Bless


Thank you Anita! This

Thank you Anita! This answers exactly what I wanted. I had posted in another forum to talk to you about this very subject but I think I got it now. thanks again!!

Ann


Thanks for this detailed, complete explanation Anita...

it's a tremendous help for "newbies" like myself that think Bird-Dogging is the perfect way to get your feet wet and training/experience in REI at the same time. Thank you!!

Suzi


Promissory Note on DG site says is for delinquent renters??

Can this be tailored/modified to use for the purpose of bird-dogging or is there a different one to use? Sorry if that sounds like a silly question, but with legally binding documents, I figured it's always a good idea to be sure.

Thanks,
Suzi : )


Thanks Carol...

That tidbit is very helpful to know how much (work) is too much for what you're getting : )

Suzi


The Promissory Note on this site is for delinquent renters...

Can somebody send me a version I could use (or know a link to where I can find one) for use specifically for bird-dogging? If this has already been answered somewhere in this loooong thread, I apologize.

Thanks,
Suzi


Here is the version for Bird-dogging

on page one is the same as this version. I just copied and pasted it here:

Confidentiality Agreement
It is understood and agreed to that the below identified discloser of confidential information may provide certain information that is and must be kept confidential. To ensure the protection of such information, and to preserve any confidentiality necessary under patent and/or trade secret laws, it is agreed that
1. The Confidential Information to be disclosed can be described as and includes:
Property description(s), technical and business information relating to proprietary addresses, contact information, real estate information, ideas, drawings and/or illustrations, costs, profit and margin information, finances and financial projections, customers, clients, marketing, and current or future business plans and any other information relating to property leads supplied, regardless of whether such information is designated as “Confidential Information” at the time of its disclosure.
2. The Recipient agrees not to disclose the confidential information obtained from the discloser to anyone unless required to do so by law.
3. This Agreement states the entire agreement between the parties concerning the disclosure of Confidential Information. Any addition or modification to this Agreement must be made in writing and signed by the parties.
4. If any of the provisions of this Agreement are found to be unenforceable, the remainder shall be enforced as fully as possible and the unenforceable provision(s) shall be deemed modified to the limited extent required to permit enforcement of the Agreement as a whole.
WHEREFORE, the parties acknowledge that they have read and understand this Agreement and voluntarily accept the duties and obligations set forth herein.
Recipient of Confidential Information:
Name (Print or Type):
Signature:
Date:
Discloser of Confidential Information:
Name (Print of Type):
Signature:
Date:
__________________

__________________

My goal is to pick myself up and get on solid ground so that I can overcome any obstacle or FEAR! And that I can Help someone else to do the same http://www.realdealcommunity.com/members/profile/10706


can anyone use this

I still have request for this post so maybe someone reading it today can use it as well.

__________________

Anita
******************************************
TWITTER - anitarny / FACEBOOK - anitarny

"FAILURE IS NOT AN OPTION"


Anita and everyone else on

Anita and everyone else on this post.

Uh.......YES!!! I can and will use this information. Thank you for reposting it so I was able to find it. I can't believe the information on here. I think it is exactly what some of us newbies need to get into the game.

I do have 2 questions. When looking for deals are you using what we learned to find properties with 30% or more belowe FMV, and am I supposed to do the negotiations with the seller (basically an assignment without an actual contract between me and the seller) get the actual selling price locked up?

Thanks again for this post that started in '08. Man I love this site. Take care everyone.

Richard
Bothell, WA

__________________

Know what truely matters in life, consume yourself with that, and you shall never be disappointed, afraid, or alone. Give your gratitude always, give respect to everyone, and you shall never be anything less than what matters the most. Give praise to the Lord, forgive yourself and others, and with all of this together you will get a taste of what heavens lie ahead.


re: Richard

richlacelle1004 wrote:
Anita and everyone else on this post.

Uh.......YES!!! I can and will use this information. Thank you for reposting it so I was able to find it. I can't believe the information on here. I think it is exactly what some of us newbies need to get into the game.

I do have 2 questions. When looking for deals are you using what we learned to find properties with 30% or more belowe FMV, and am I supposed to do the negotiations with the seller (basically an assignment without an actual contract between me and the seller) get the actual selling price locked up?

Thanks again for this post that started in '08. Man I love this site. Take care everyone.

Richard
Bothell, WA


Richard

thanks for the reply but this post was on birddogging. NOT assignments. Those are two seperate topics. With birddogging you do not negotiate a contract you just find the deals.

__________________

Anita
******************************************
TWITTER - anitarny / FACEBOOK - anitarny

"FAILURE IS NOT AN OPTION"


Anita, That is exactly what

Anita,

That is exactly what the answer I was looking for. So I just go find a deal and refer it out. Simple, direct, and perfect. Thank you very much.

Richard
Bothell, WA

__________________

Know what truely matters in life, consume yourself with that, and you shall never be disappointed, afraid, or alone. Give your gratitude always, give respect to everyone, and you shall never be anything less than what matters the most. Give praise to the Lord, forgive yourself and others, and with all of this together you will get a taste of what heavens lie ahead.


Birddogging

How much information do you have to find out from Seller to relay to buyer when doing birddogging.I`m just learning about birddogging and assignments. I need all the info I can get before starting this.
Address?
Phone Number?
FMV?
Asking Price?
Etc,


Wow, you guys are awesome!

Hi
My name is Carmen and my husband's name is Leonard. We attended a seminar for Fortune Builders in February 2010 and were a "little confused" needless to say we did not came close to a deal. But then bought Dean's book less than a month ago and we already have buyers and houses to sell. I had a lot of questions, but after reading all the comments and answers.....I think we are good to go. Our first venture here we go!!!!


I have a question

I don't get it, I found this house on the fanniemae.com website, and I was asking how I can be bird dogger with this houe since I think it is a good house. Here is the info on the website. I saw this house in homepath.com by fannie mae and it says " * Price: $92,000

"* Total Rooms: 8
* Living Area Size: 2,205
* Lot Size: 14810
* Exterior: Wood
* Heating Type: Radiator
* Year Built: 1880
* Parking Spaces: 4
* Description: Fannie Mae offering incentive up to 3.5% towards buyer closing costs and/or appliances for owner occupant closings before 5/1/2010.Fannie Mae Home Path Property. Purchase for as litle as 3% down. Property is approved for HomePath Renovation Mtg.Financing"

but then Salden said " It is tough to be a bird dog for deals and property that is already listed for sale. Generally, just as you have done, you can get this information for free from the internet or any licensed realtor for free. If you have people that are interested in purchasing property and are retail buyers that have no realtor - you could ask a realtor for a "marketing fee" and sell them a lead. The better the lead the more money it is worth to a realtor. This is not a referral, and agents would not be able to pay referral fees to unlicensed professionals in most states.

Agents often buy leads, a lead is not tied to the outcome of a transaction so therefore not a referral. There is no guarantee that this individual will even work with the agent. It would be the agents responsibility to follow up and convert the lead to a sale. You would generally be able to charge $50 - $150 per lead possibly more if an agent fees there is value to the leads you are selling. I hope that this information helps"

So my question is which house should I be concentrated on looking if I want to be a birddogger???? Please respond I really want to quit my 14 hour a day job and be with my family more Eye-wink and be better at ths so I can help the future investors


thank u

you might be a genious. so far in the last couple of days just reading your posts i have learned so much. thank u for everything. god bless!


This is GREAT!!!!!

Thanks Anita, I have only been here since Nov., 2009, and I have read countless post by you! I am working on being/doing Birddogging now, and this post is just what the DOCTOR ordered. I have looked at Birddogging contracts and now I have the ANSWER. I had felt that a disclosure/privacy contract was needed. Thank you so much for such enlightenment!! Keep on posting! I hope some day I can provide such info as you, CBR, Indiana Joe, Sully. Rina, Elena, and anyone I should recognize now are doing.
THANKS! BRUCE.........


Do you Mean Just A

Do you Mean Just A Disclosure Agreement Statement ? to be Sign by The Buyer

Whats A NIN DISCLOSURE AGREEMENT ? I'M CONFUSED


Bird dogging

In some states (Colorado) if you refer a seller to a buyer or vise versa you must have a realtors license. New law in Colorado effective 1/1/2010. Referrals from an unlicensed person made for a profit are no longer legal!
Better to lock the property up with an assignable contract and assign it! Maybe some kind of an Option contract will work also. Checking this one out. However assignments are the way to go!

Michael Mangham
MD Home Acquisitions LLC

__________________

Knowledge is power, but execution trumps knowledge. Tony Robbins

http://www.mdhomeacquisitions.com Seller site
http://www.mdhomeacquisitionsbargainhouses.com Buyer site
http://www.mdhomeacquisitionshousehunter.com Bird Dog Site
http://www.mdlodeals.com Tenant/Buyer site


Ken

Find out from whomever you are birddogging for specifically what they need from you. Keep a file of their requirements for each investor you are searching for so that you always have handy what they what when you gather and then send the info to them. They may not need you to figure out FMV but they are going to need enough info from you in order to determine it for themselves. Some of the things some of them want...pictures from all sides of the exterior if possible (fences/gates are a problem here), condition of roof, paint, windows, etc., is the house vacant, condition of the interior (paint, cabinetry, floors, etc.) if possible for you to see inside, square feet of house and lot (should be able to get on Zillow, Redfin, Trulio, or one of the other RE sites) and definitely number of BRs/baths. They may also ask you to hunt down contact information for the owner if the house is unoccupied. You will hopefully be finding ugly houses not yet on the market, so leave the asking price for your investor to work out with the owner. If you were to start negotiating with the owner yourself, go ahead and wholesale it to your investor instead...better fee for you.

__________________

Cindy

Life isn’t about waiting for the storm to pass…
It’s about learning to dance in the rain.

The most difficult thing is the decision to act, the rest is merely tenacity. The fears are paper tigers. You can do anything you decide to do. You can act to change and control your life; and the procedure, the process is its own reward. - Amelia Earhart

"The greatest mistake you can make in life is to continually be afraid you will make one." - Elbert Hubbard


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