Please Clarify Birddogging For Me.

Comments(5)

• 
  JohnLocke29th July, 2004

  jackiet_mcc22,
  
  Glad to meet you.
  
  So you are getting tired of the toilet plunger routine, good for you.
  
  Basically a Bird Dog finds deals for investors, depending on how in depth you go with each property will depend on what you can charge for providing a lead to an invesor.
  
  Do not confuse finding buyers for sellers in the traditional sense, your job is to find property leads for investors.
  
  John $Cash$ Locke
  [addsig]

• 
  jackiet_mcc2230th July, 2004

  Thanks for responding, Mr. Locke. Everybody talks about you and your books all of the time.
  So, does a birddog contact the property owner and say, for instance, they have an interested buyer. And does he need to have a signed agreement between hime and the seller? Or, does he simply find the property, investigate to see if there are any leins, and let the investor know the details. If the latter is true, what's to stop the investor from cutting you out of the deal.
  Do I need to find properties where the seller's asking price is below market value. And what makes someone sell a house with equity for less then it's worth.
  Thanks again.

• 
  viking7773rd August, 2004

  Hi, I'll give you a brief response to your question. Basically, as a birddog, you are a pre-qualifier. That will mean different things depending on the investors REI style. If, for example, your investor is a SUB2 person, you will be helping him/her find motivate sellers.
  
  Once you go thur your script of questions that determine if its a good lead (motivated seller), you can pass it along to your investor.
  
  The reason the investor wont go behind your back is because you won't let him/her. You will have signed an agreement in advance that discolses your fee, etc. You might even sit in on the deal and learn something.
  
  "And what makes someone sell a house with equity for less then it's worth"
  
  NEED/Desire- it's an interesting thing, be it death in the family, divorce, or job promotion (executive with a 600k job needs to be at the new location in 2 week - may not care about the petty equity).
  
  
  Quote:
  On 2004-07-30 10:14, jackiet_mcc22 wrote:
  Thanks for responding, Mr. Locke. Everybody talks about you and your books all of the time.
  So, does a birddog contact the property owner and say, for instance, they have an interested buyer. And does he need to have a signed agreement between hime and the seller? Or, does he simply find the property, investigate to see if there are any leins, and let the investor know the details. If the latter is true, what's to stop the investor from cutting you out of the deal.
  Do I need to find properties where the seller's asking price is below market value. And what makes someone sell a house with equity for less then it's worth.
  Thanks again.

• 
  marv_wi4th August, 2004

  Hello jackiet_mcc22,
  skip the birddogging and get the coarse from J. Locke. It has where you want to go and birddog details when you network with other investers for the properties you don't wan't or take.
  Just my opinion.
  Marv

• 
  jackiet_mcc224th August, 2004

  Thanks for all of your help. I'm thinking about getting the course.