In today’s real estate market, there is great opportunity for new investors, also known as real estate hunting dogs, property locators, or local associates. Whichever name you choose to call yourself allowing yourself to become a real estate bird dog, then you can get the scoop on the kind of deals to watch out for, the different players in the area. If you can find the deals and match them with a buyer, there is a great opportunity to enter the real estate investment industry.
New real estate investors or bird dogs who want to be successful must learn the basics of their niche and understand their role as hair on your face.
Find your buyers:
The only way to be successful in real estate as a business is to determine the best types of deals. Most people start out in real estate as a bird dog to learn a system for figuring out how to take what they learned and apply it to their own business. The more buyers you have, the more money you can earn. You may have the best deal in the world, but if you don’t have the cash or buyer lined up, the perfect deal may slip through your fingers. Your goal should be to have at least 15-20 buyers to review your offers.
Once you know who the buyers are, you can really make a lot of cash, but not until you find a deal they might want. If you don’t have buyers lined up yet, you may want to go out there and find an investor who has a few buyers for immediate profit. Just tell the investor upfront that you want to work with them so they can find out who the players are to eventually do their own business or at least take what they learned along the way.
Look for some deals:
The second secret ingredient to successful real estate bird chasing is finding bargains. The hardest part about getting started as a real estate investor on your own without learning how to handle things is that you will quickly realize that you will fail if you don’t have a pool of leads to analyze for your buyers. You can have all buyers, but without the right deal, your buyers will buy from someone else. This is why it is so important to develop a system that provides you with leads when you need to make some cash. There are many ways to find potential clients. You can call homeowners from the newspaper, call homeowners with signs on their yards, or place your own ad in the newspaper. Another way to find good potential customers is through the Internet. The Internet is the biggest source right now for a good source of potential customers. Once you find a great way to generate leads, you are on your way to making big profits.
Present information to buyers
You don’t want to ruin your chances of selling your best potential customer to one of your best buyers by not providing as much information as possible. A good bird dog or property locator will provide as much information as possible so you don’t waste your time or that of your buyers. Your investor buyer will want some of the information listed:
1. The address of the property
2. Basic condition from the outside or even better if you have information on the inside
3. The sale price
4. Do you think it is worth asking for the property?
5. Contact information of the owners
6. Pictures on the outside are fine, but preferably also on the inside
7. Photographs of the surrounding houses.
8. Internet access
9. Email account
10. Accessible phone line
If you provide all of this information, your earnings will be between $ 500 and $ 1,500. Learn the techniques listed in this article and you are sure to be on your way to earning big cash in your early bird dog or property locator career. There are many books and training that you can receive for free. You can find some books in the library or contact an investor and ask for some training, if you are willing to be their bird dog then you can get some free training.