Discover an easy step by step guide How to Make Money With Real Estate Birddog with Boracina house buying referral program is Simple way to earn income fast. You can make money with our referral program every time we close a deal you refer to us.
Here is how you can help us!
when you are driving around in your neighborhood. if you see a house that is vacant, over grown grass, code violation or any other sign show of vacancy. Just grab the address and fill out the form. We will follow up with them to see if they want to sell it.
If we successfully buy the house and will send you $1,000 referral fee for your help.
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The real estate market has had a tremendous growth with more real estate companies and investors cropping up. One could say it has become rather crowded, making it a little challenging for real estate investors. However, getting the right investment could mean higher profits. This is where a real estate bird dog comes in handy.
A bird dog is a person or in some cases company that spends time locating properties that have substantial investment potential for a real estate investor in exchange for a fee or a percentage. Just like a well-trained hunting dog, a real estate bird dog possesses the skill of closely watching a property and sniffing out distressed properties that can be simply touched up or rebuilt for a significant amount of profit. A bird dog works as an intelligence network for real estate investors.
Breaking down a real estate bird dog
A real estate bird dog does not necessarily have to be a real estate broker. The bird dog’s main aim is to find an investor a lead fast enough at a rather cheaper purchasing price. Most investors are now finding out How to Make Money With Real Estate Birddog.
A real estate bird dog may offer to bail out a home owner who is deep in debt and facing foreclosure. The home owner transfers the title deed to the investor’s name who consequently assumes responsibility for the monthly payments, back payments and taxes. On taking over a delinquent mortgage, an investor gains ownership of an asset without any bank loans or money downs. Once the back payments are settled, one can control the potential upside of the property spelling out a big-time payday for an investor.
In the real estate market, a seller could eventually become the buyer of the same mortgage, with the intervention of a bird dog. For a mortgage owner who has lost his job or funding could opt for a lease option to save a home from closure. It involves temporarily transferring the mortgage under a bird dog’s name who then charges the owner rent in the meantime as he works out the mortgage. Once financially stable, the home owner can buy back the house as an investor from the bird dog at a fair mark up. This saves the owner the equity the bank would have taken and the money and time one would have taken to look for and settle on a new mortgage through a broker.
A bird dog is always conversant with the type of properties the investor is actively looking for thus saving on time and money which would have been spent on searching through brokers. Commission splits are negotiated upfront before carrying out the transactions and contracts. The investor usually creates an original Purchase and Sales Agreement from the seller to the bird dog. Once the original contract is listed as the bird dog, the investor ensures the bird dog signs an Assignment of Contract. This contract assigns the deal to the investor for a Wholesale or Assignment Fee. After the deal closes, only then can the investor pay the bird dog.
A an investor, learning How to Make Money With Real Estate Birddog involves also mentoring the bird dog to a point where the real estate bird dog is fully independent. Though some bird dogs may be fully established, some are self-driven individuals with a potential of excelling with experience. This kind of partnership can evolve into a mutually beneficial relationship.
Advantages of working with a real estate bird dog
To some point, working with a bird dog can help save on expenses as the services are cheaper and faster since the person already has the required information about the mortgage at interest.
A real estate bird dog is often more flexible than an agent as the person most probably does real estate bird dogging as a complimentary occupation. There are no fixed appointments and no side payments.
Properties bought through bird dogs are mostly distressed property that is posted at a lower price with which after some remodeling may be worth a whole lot more. This gives an advantage to the investor as the profit returns would exceed any renovation costs.