April 10, 2008
What is the quickest and easiest way to start making money in real estate with no money or credit? I get this question all the time from newbie investors wanting to make a quick buck in real estate. The best
answer I can give that I know works is bird dogging. Bird dogging can give the newbie investor great insight into learning how to farm an area and become very familiar with that particular neighborhood.
They also begin to develop a keen sense of what is a deal what’s not a deal in the investor’s eyes.
Here are some simple steps for becoming a profitable bird dog in this current real estate market. Step 1 is to locate active investors who have the cash or credit to buy the deals that you will be finding. This can be accomplished by going to your local REIA group or calling the bandit signs that say we buy houses. Let the investor know that you are willing to find good deals for them in exchange for a fee. Make sure you have your equipment together and are ready to take action. You will need a digital camera a flash light and small white board with expo markers to write the address down when you take the picture.
Step 2 is to pick your area that you will be looking for deals and begin looking for abandoned or vacant houses, also houses that have high grass, or broken windows in a fairly decent area are good candidates. Step 3 when you identify a good property take a lot of detailed pictures of the house, the street, and surrounding homes in the neighborhood. You can take it an extra step and try to locate the owner and get their contact info to present to your potential investor.
When you go the extra mile you can usually get more money for that lead than if you just took some pictures and gave and address. That’s pretty much it in a nutshell. Just to recap make sure you have a good solid investor who is buying properties regularly and someone who will just waste your time, and make sure you identify a good farm area so that way you can become familiar with the neighborhood. If you want more info on bird-dogging and how to get started making money today, you should definitely check out the ultimate bird dog automation tool. I use bird dogs in my business and this system makes it automated and easy to do. Check it out and leave your comments to let me know what you think. Click Here for Bird Dog Automation
Sam Bell 3rd
Real Estate Mentor