Becoming a bird dog in real estate market

Becoming a bird dog in real estate market

Real estate business has become one of the most famous businesses these days. Every day people are looking for opportunities to enter into the real estate market. Even if the real estate market is not performing well people view it as a good sector to invest money as the real estate sector recovers it self quickly. Population increases and creates a demand for real estate projects this is how the real estate sector gains importance.  There are a lot of people who want to start a real estate business and make profit out of it but they fear to make any investments. They fear that they do not have any experience about the market and will have to face failure.  Just so you know - We ALL start without experience.  The way to GET experience is to DO real estate.  And we ALL will face failure.  How's that for a confidence booster?  :)  So the best place to start?  Become a bird dog... You can start to be able to identify what's a good deal, and what's not, and get an "eye" for the business.

To be a successful investor in real estate market one needs to be a bird dog in the real estate market. Bird dog means to work with a real estate company or an investment company, identify a good real estate opportunity and grab it. Bird dogging in real estate allows a person to get paid and learn how to invest in the real estate market. It is such a beneficial way of getting the knowledge about the real estate that no one can even imagine. As a bird dog a person makes his money by connecting the motivated seller to the potential buyers. One does not need to buy a property and worry about the credits and bank balance as he does not have to invest any amount in the real estate market. He only has to locate properties and then compile the details like parcel address, lot number, telephone number, name of the owner, title record and so on for the investor. One can practice bird dogging in the real estate market in spare time and work in his own working hours. He does not have to report to anyone and can also generate a reasonable income. 

Real estate investment business is not for everyone. A lot of people enter into the business and then leave the market considering that this market is not for them. Bird dogging gives an inexpensive opportunity to the investors to analyze whether the market is for them or not. A successful real estate bird dog is like a detective. The investor is the client for him and his job is to find motivated sellers. A bird dog does not just find the contact number of the seller but he also checks public records whether the seller is credible or not. He needs to go an extra mile to perform this task. This is so important!  It's not just finding the contact number.  It's finding a seller, checking out the property, and checking out the seller. The more efficiency a bird dog will show in his work the better will be his experience in the real estate market. Once spending time as a bird dog in the real estate market, an investor can do better analysis of which properties are good and which are not. And keeping an eye on the market he can invest in the real estate market when he thinks that it is the right time to make any investment. Thus being a bird dog in real estate market is a win-win solution for entering into the market. 

In our Team, our Rookie level is essentially bird-dogging.  Being a bird dog is a great starting point in your investing career (it's the best first step), but I also have several people who work with me JUST as a bird dog, with no intentions of diving deeper into investing.  That's okay too!  Depending on who you work with, you can make a decent living just bringing deals to the table.  For those who want to eventually become full-time real estate investors, this first step of bird-dogging is crucial.  It gives you foot-to-pavement exposure to the real estate market, and helps you hone your abilities to spot a good deal.  Every good investor is a good bird-dog, and probably has other good bird-dogs working for them. 

Source: Dubai Property (Italics by Tyson)