Are you interested in dipping your toes in the world of real estate investing, but you don’t have enough saved for a down payment on a property? Perhaps you would like to make money from real estate, but you don’t want to be a landlord. If so, real estate bird dogging is a strategy you can use to profit from deals without owning homes.
There are many advantages to bird dogging in the real estate market, and one of the best is that you don’t need any money to do it. If you are open to networking with investors and researching potential deals, you may be able to earn money by providing a valuable service to other real estate professionals.
What Is a Bird Dog in Real Estate?
A bird dog is someone who looks for distressed properties or undervalued properties that might make good investments. When a great opportunity is found, it is then presented to real estate investors for a finder’s fee. Depending on the investor and your negotiating abilities, you may also be able to earn a percentage of the profit if an investor flips the property.
Finding real estate opportunities to invest in often requires a lot of time and effort. Because of this, many real estate investors use bird dogs to free their time up for other things.
Bird Dogging vs. Wholesaling
Bird dogging and wholesaling are similar in that they both involve finding distressed properties and undervalued properties for investors. There are two important differences, however, that you should be aware of. Those differences involve who puts the home under contract and how you get paid.
If you are bird dogging, you do not put a property you find under contract. You merely present the opportunity to investors and let them decide whether to pursue it. With wholesaling, however, you put a property under contract and then sell the contract to an investor.
As a bird dog, if an investor likes the opportunity you present, you will be paid a referral fee for your services. Real estate…