Birddogging

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.

Most successful businesses rely on many people to get things done, and everyone in the organization benefits. It is hard to be a lone wolf in the investing business; you can only look at so many deals, drive around so many neighborhoods, write so many letters, and make so many phone calls yourself.

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.

Did you know that if you are a Realtor, it is illegal to pay a finder's fee? But, if you are a real estate investor, you can do what you want within the confines of the law. That means you can pay referral fees. And when you pay people, they keep coming back with more deals.

Following are several categories of people whom you can ask to be your bird dogs.

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