Real Estate Bird Dog Bot Software
A bird dog is someone who comes into frequent contact with problem property owners within a specific neighborhood or area and is in a position to learn about non-advertised potential option properties that are for sale there. These types of hidden properties are never formally advertised as being for sale their availability is made known only by word-of-mouth. A neighbor, a relative, or an acquaintance may be the only one who knows of a property owner's willingness or need to sell. Once you recruit these types of people into your bird dog network of paid informants, you will be in a position to receive valuable insider information on non-advertised potential option properties without the general public ever knowing of their availability.
The best way to find bird dogs to join your network of paid informants is to tell everyone that you come into frequent contact with that you are looking to buy real estate and that you are willing to pay a finder's fee when you buy an option on a property that they told you about. Here is a listing of the types of people you want to recruit into your network as bird dogs
Bird dogs are the white dogs with brown spots that flush out rabbits and quails in a hunting situation. In real estate, bird dogs are people who can flush out deals for you. Who can act as your bird dogs to spot good deals for you Everyone you know, because everyone knows someone who has to sell a property at a discount or is dealing with an estate, getting a divorce, having money problems, going into bankruptcy, and so on. Following are several categories of people whom you can ask to be your bird dogs.
Properties that have outlived their original use but are structurally sound and still have a lot of years left in them before they are ready for the wrecking ball. And this is exactly where your focus should also be when using this strategy to control obsolescent properties. In fact, I have never exercised an option to buy any type of obsolescent property. My approach when using this strategy has always been to locate an obsolescent property, put it under a 6- to 12-month option, market it to a targeted group of prospective buyers, and resell the option. This way, I am able to profit from obsolescent-type properties without the cost, risk, and hassle that go along with actually putting a piece of property to another use. Some of you reading this may think that a professional property locator is nothing more than a glorified bird dog, who receives a finder's fee for locating properties for real estate investors. And you are correct, except for one major difference An optionee has an...
Eddie's new business was going really well, but then the borrowing scene changed and there were no funding sources to tap. He found himself in a situation in which people didn't see an opportunity in his teaching them to be bird dogs to find new investing opportunities from seller-financed mortgages. So he needed a new way to continue to support himself. He decided to try to develop other alliances and work with other types of cash flows and develop a school for all alternative cash flow investing. He wrote a business plan that described how he would do that.
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