As you journey into the world of real estate, you’re likely to come across bird dogs. Of course, there’s a wide variety of different practices attached to some creative names to describe them, but bird dog may be the most peculiar of them all.
What might come as a surprise is the fact that it’s one of the most hands-off practices in the real estate industry. In other words, being a bird dog in real estate is one of the simplest ways for real estate investors to make money by doing very little work.
What is bird dog real estate?
A bird dog in real estate terms is someone that identifies distressed properties, recommends them to other real estate investors, and collects a finder’s fee when that investor closes the deal. That’s all there is to it.
The process of finding distressed properties can vary. It can be as simple as stumbling across a home that is ready for a new owner, or it can take research via networking and so forth. Either way, the bird dog doesn’t get involved with the procurement and sale of the home. They simply recommend it to another agent who will handle that end of things. [Read more…]