Being a real estate agent can be a very lucrative career. Some agent works only a few days and when they closed a large deal, they can take a whole month off from the commission they earned. But how do you go about getting success in the business?
The main challenge for any realtor is to find hot leads for their listings. The value of leads in real estate success is quite undeniable. You can either wait for prospective customer to contact you or you can take a more proactive approach. But if you want to get ahead of the pack and get that success that you want, you need to know the right approach. One option you can use is to hire bird dogs.
A Bird Dog is an Investors Best Friend
A Virtual bird dog
is an investors best friend as he researches properties for sale or those undergoing foreclosure and presents the best opportunities and qualified deals back to the real estate investor for a fee – either fixed or percentage. A typical real estate bird dog does not need to sign a purchase agreement. They simply find great deals and turn them over to the investors. In some cases a real estate bird dog identifies currently distressed but potential real estate investment opening. He puts the property under contract and assigns the contract to another party who will fix the property and flip it. In this way the real estate bird dog gets his assignment fee. Below is a detailed description.
A real estate bird dog finds property leads for real estate investors, and is paid a referral fee by the investor. Some people broaden the perspective of a real estate bird dog to include placing properties under contract and then wholesaling the property to another investor for a fee. Real estate bird dog identifies a property in an area and makes a contract with the owner to sell the property. He looks for a rehabber who would renovate the property and sell it for a profit. However, this action actually makes the real estate bird dog a real estate wholesaler, and includes some financial risk for the real estate bird dog. A rehabber must make these calculations and a bird dog has to keep it in mind while looking for a potential property. However, these are not the only considerations that a bird dog has to keep in mind. Finding the right rehabber is equally important. It is possible that you find a rehabber who might hand over the deal to another rehabber and this way there is hardly any profit for anyone in the deal. Such case may not sound good as this leaves you with a deal that might never close and you never get the assigment fee you have been expecting to get.
Being a real estate bird dog entails a keen eye for the business. Real estate bird dog courses lays the groundwork to learn how to find the leads and provide the property information that investors want and produce what they need exactly. An experienced real estate bird dog also knows and is aware of the importance of getting an experienced rehabber who understands the importance of cost cutting. An adept real estate bird dog knows the fact that a real estate deal can hardly have any profit if there are too many mediators involved or has been dragging for too long. Finally, a successful bird dog knows when to walk away and move on to find qualified deals.
Andy Proper has created a Virtual Bird Dog Blueprint that will teach you how to be a real estate Bird Dog.
Just go to:
http://www.andyproperandterrywygal.com/
See you there!
Tags: andy proper, Being A Real Estate Agent, Best Friend, Bird Dog, bird dogs, Blueprint, Detailed Description, Estate Success, Few Days, Foreclosure, Line Indent, Lt, Lucrative Career, Proactive Approach, Prospective Customer, Purchase Agreement, Real Estate Agent, real estate bird dog, Real Estate Investment, Real Estate Investor, Real Estate Investors, Realtor, Referral Fee, Terry Wygal, Virtual Bird, virtual bird dog blueprint
