Have Spotted A Property And Investor, Now What?

Comments(15)

• 
  getgoing9th December, 2004

  I would use a contract, John provides one in the course. Im not sure where else you coul get one but it is very basic. Then you will be paid the amount in agreement when the investor acts on it.
  
  Good Luck,
  
  Scott

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  getgoing3rd December, 2004

  This will get you going.
  
  http://www.thecreativeinvestor.com/Product111-Big_Bucks_Bird_Dogging.html
  
  John is very helpful too...
  
  Good luck!
  
  Scott

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  grneydgy3rd December, 2004

  It's difficult for me to want to purchase his e-book when the reviews are so mixed about the "how-to" parts of it. That is what I am looking for... essentially a "Bird Dogging for Dummies" book or course that can walk me through the process.
  
  I think I'm going to go ahead and buy it anyway
  
  Look for my review in a couple of days.
  
  In the mean time I would still appreciate any direction in the way of other books or courses.
  
  Many thanks,
  
  Aaron

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  getgoing3rd December, 2004

  Aaron,
  
  I too am just starting out, his book is really basic as bird dogging is I have found. He puts you in the right direction. He will also advise you when you need assistance and that alone is worth the 48 bucks to me. Good luck and I hope it works out for you.
  
  Scott

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  bodiby4th December, 2004

  I want to start out bird-dogging also. One thing I have done is started to read books from the library. Some books I will only read a few chapters, but there is always something there.

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  grneydgy4th December, 2004

  I am an avid visitor of my library and have not found a single resource on "Bird Dogging." I can find many books that describe the role of a bird dog but none that outline the processes.

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  rajwarrior4th December, 2004

  What, specificly, are you wanting to know about bird dogging?
  
  Birddogging is a pretty simple, straightforward process. You locate a seller and/or property that is willing to sell at a discount and you inform an investor. If the investor buys, he'll pay you a fee.
  
  You need to be able to find deals, and more importantly, you need to know investors that will actually buy them once you found them. In fact, if you have an investor or two lined up, I'm sure that at least one of them would gladly show you what they expect from THEIR birddogs.
  
  Roger

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  grneydgy4th December, 2004

  Raj,
  
  Thanks for the post, I basically want to know how to go about flushing out the deals, where I can find them, how to communicate effectively with the sellers etc...
  
  I know that once I line up investors they will give me their criteria for investment property but I'm also looking into wholesaling as well. So I want to know how to communicate with the sellers to create the win-win situations needed for profitable investing.
  
  I am going to order John Locke's bird dog book and see if that can at least get me pointed in the right direction. I'm pretty good at learning as I go, I just need to know in which direction to head.
  
  Any feedback is greatly appreciated, thank you.
  
  Best wishes,
  
  Aaron

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  mojojojo_14th December, 2004

  Is this bird dog book simple enough for those who do not know much about real estate? I mena i dont know what a good deal is, I don't even know what FMV is.

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  rajwarrior5th December, 2004

  grneydgy,
  
  The book is worth the money, even if it's just to get access to John Locke personally. However, wholesaling isn't birddogging, so you'll need to decide which it is that you want to pursue. Also, as a birddog, your communication with the sellers is limited, as it is the investors job to get the deal (ie talk with the sellers about terms, etc). The birddogs job is to find a "possible" deal, a seller that is open to all offers.
  
  mojojojo_1,
  
  The book is simple to understand as birddogging in general is the simplest form of REIing. It's doubtfully that it will be able to teach you want a "deal" is, and it definitely won't be able to teach you what fair market value (FMV) is for your area. These are things that you'll have to learn for yourself, based on your market and the investors/buyers in it.
  
  Roger

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  grneydgy5th December, 2004

  Raj,
  
  Thanks for the helpful advice. I understand that bird dogging and wholesaling are two completely different venues. I will start off bird dogging and eventually move into wholesaling. I suppose my concern is basically how to go about locating the deals... what are some specific tricks, techniques or ideas I can implement and what does a good deal look like.
  
  Would you suggest just jumping in and lining up some investors without having the know how to dig up these properties and just learning as I go?
  
  Everybody wants to hear about the great deals first... so I want to be able to seek them out present them to my investors. The problem is that I know there are hundreds of others doing the same thing in my area. I want to learn how I can have the competitive advantage over them... what can I do differently that they are not doing. I'm not afraid of going door to door or doing a lot of leg work either. I'm young enough and eager enough to learn and learn some more.
  
  Thanks much,
  
  Aaron H
  Coeur d'Alene, Idaho

• 
  wilkinscr6th December, 2004

  Hey Aaron,
  
  I purchased an e-book about bird dogging by Barry Grimes and was quite pleased with the content. It is a 5 part series and covers every aspect of bird dogging from start to finish. He calls it his Real Estate Jobbers course. If you go to Google and type the keywords 'jobber' and 'real estate', you should be provided with many links to purchase the course. Its a bit pricey for an e-book (around $100), but I was more than satisfied with the product.
  
  
  Hope this helps,
  
  Reed Wilkins

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  grneydgy6th December, 2004

  Thanks Reed, I will definitely check it out.
  
  Has anyone heard of a company called Investing in Land Publications... they publish a $100 Bird dogging course called:
  
  The Real Estate Bird Dog System
  How to Make Money in Real Estate When You Have No Money of Your Own
  --by Robert J Abalos
  
  Just curious if anyone has used it...
  
  Thanks,
  
  Aaron H

• 
  clcmd8th December, 2004

  I just started out as a bird dogger in my area and here is what i started doing just to get communication open between myself and the pre foreclosure sellers. I applied for the free trial at realty www.trac.com and used that information (great information) to get sellers names addresses, comparables and property values. I then went on the local tax commissioners site just to double check the resale values of the homes and the market values. I then send them an offer letter offering about 65% of the market value depending on the amount they owe, and the resale value, I try to give them 5K or more. I just sent out 30 offers a few days ago, i hope to at least get one person to reply, in my literature i have a web address too and my phone number. If i get one person out of 30 every time i send out offers, that is $500 and well worth my troubles. I too have an extremely limited budget and am hungering for that first deal and then i will use additional means of finding my deals.
  
  Hope this helps, remember dont give up.

• 
  amynewbie9th December, 2004

  the best course on birddoging hands down without a doubt, is barry grimes real estate jobber course. it is a complete course. i mean everything is covered. if your starting out you should invest in this course now. it will save you a few hundred dollars and save you time because it answers alot of questions newbie have.
  
  i never recommended a course before but i recommend this one.
  
  p.s. no i dont work for barry or know him personaly
  
  
  http://www.thecreativeinvestor.com/Product180-Real_Estate_Jobber_Course.htm