|
Beginners Real Estate Investing Guide
Real Estate Investing - Ask
Questions Before Making an Investment
First Time Real Estate
Investor
Real Estate Investing - Planning
Your Investment Strategy
How to Find Real Estate
Investment Properties
Getting a Professional Home
Inspection
Large Profits From Inexpensive
Real Estate Repairs
Real Estate Investing - Costs
and Fees
Real Estate Insurance
and Risk Management
Real Estate Investment Risk
Part 1
Real Estate Investment Risk
Part 2
Getting The Best Return For
Your Investment
Creative Financing
For Real Estate Investors
Real Estate Investment Tax
Considerations
Real Estate Rental Properties
- Great Investment or Nightmare
Real Estate Foreclosures - Great
Deal or Headache
Flipping Real Estate for Profits
Slow Return On Real Estate
Investments
Negotiating for the Best Possible Real Estate
Deals
Real Estate - A Time to Buy and a Time
to Sell
Creating Your Real Estate
Investment Strategy
Investing and Growing
Your Real Estate Portfolio
Commercial Real Estate
Investing
Real Estate Marketing
Understanding Real Estate Law
Do You Need An Real Estate Agent?
What The Real Estate Mortgage
Lender Sees
Do You Have A Career In Real
Estate?
Rural or Urban Real Estate
Investments?
Real Estate Investing on the
Internet
Real Estate Investing
- Property or Paper? |
Real Estate Investing - Introduction
Bird Dogging: Getting Started in Real Estate Investing
There is a great deal of money to be made in real estate investing. In the
past, if you didn't already have the cash to get started, or if you didn't
have any real estate experience, you really couldn't break into the real
estate investing game. Real estate carried a great deal of risk, and required
a great deal of start up capital. That is no longer the case.
Today, you can quickly learn everything you need to know to become a successful
real estate investor, and you don't even have to have any cash to invest.
You can start bird dogging. Bird dogging is a system that is used by real
estate investors. It allows those who are ready to start investing, without
money or experience, to get into this lucrative investment game, without
the associated risks.
When you bird dog, you are essentially joint venturing with those investors
that do have money and experience. You bring your enthusiasm to the table.
You are the bird dog. Your job is to find properties that have been abandoned,
or those that need major renovations because they have not been property
cared for.
You can also find properties that are being foreclosed on, or those where
a married couple are getting a divorce, and need to sell quickly. Estate
sales, where a property owner has died, and the heirs are anxious to collect
their share, are also potential investment properties.
When you find such properties, you find out who owns the property, and contact
the owner to see if they are interested in selling. Most property owners,
with this type of property, are anxious to unload it. If you find that the
owner is willing to sell, you contact a real estate investor, and show them
the property. If the investor strikes a deal with the owner, you are paid
a finders fee.
To get started in bird dogging, you must first find the investors. These
are easily found by looking at billboards or newspaper classifieds, and finding
those ads that say 'we buy houses' or 'we take over house payments' or things
of that nature.
Call those companies, and let them know that you would like to bird dog,
and find out which areas in your community that they are most interested
in investing in. Start moving around in those areas. Seek out homes that
in in disrepair, homes that have for sale by owner signs, and homes that
are apparently abandoned. Also take a look at homes that are for rent.
It takes time to get a feel for what the investors want, but with continued
effort, you will figure this out. Don't expect your first find to be accepted
by the investors. It may take several before you find what they are really
looking for, but you will learn with each rejection.
Bird dog fees range anywhere from $500 to $5000. The fee generally depends
on the price that is paid for the property. Many people live on their bird
dog fees, while others put that cash away to save for their own real estate
investing career.
• More
Articles
|
Beginners Real Estate Investing Articles
How to Advertise a Rental
Property
How to Build Equity
in any Real Estate Market
How to Find Motivated
Sellers
Developing a Profitable Real
Estate Investing Strategy
Bird Dogging: Getting Started in
Real Estate Investing
Buying Your First Home
Using Lease Options to Purchase Real
Estate
Real Estate Foreclosures
Increase Your Net Worth Through
Real Estate Investing
Interest Only Mortgages
Real Estate Investing
No Money Down Real Estate
Investing
The Power of the Lease Option
Real Estate Investing Tips
Real Estate Investments
Refinancing Your Mortgage
Loan
Paying Your Mortgage
Selling Your House without a
Realtor
"Subject To" Real Estate
Financing
Using Trusts as a Real Estate
Alternative
Search for Beginners Real Estate Investing Information
|
