Bird dogging is a term used in the real estate industry to describe the process of finding and researching off-market or undervalued properties and presenting them to real estate investors in exchange for a flat fee or percentage of the net profit from the deal.
The bird dog gets its name from the hunting analogy where a trained dog is used to flush out game birds from thick brush so that they can be shot. In the world of real estate, the bird dog is used to find properties that would be otherwise difficult to locate.
How To Be A Successful Bird Dog
If you’re thinking about becoming a bird dog, there are a few things you need to know in order to be successful. First and foremost, you need to have a strong understanding of your target market. Are you going to focus on residential or commercial properties? Will you focus on a specific geographic area? These are all important questions to answer before getting started.
The benefits of focusing on residential properties when bird dogging is that there are generally more opportunities and the properties are usually less expensive, meaning there is less risk involved. However, the competition is also generally higher since there are more bird dogs looking for deals in this space.
Commercial properties can be a great option because they often present higher profit margins and there is typically less competition from other bird dogs. However, it’s important to remember that these types of properties can also be much more expensive and therefore involve more risk.
Consider Your Real Estate Investor Network
Another important factor to consider when becoming a successful bird dog is your investor network. It’s important to have a good relationship with one or more experienced real estate investors who you can trust and who will give you honest feedback on the deals you bring them. These relationships are essential in order to be successful in the bird dogging business. You want to make sure that the deals you bring them are worthwhile, and that they will be win-win for everybody involved.
Build A Bird Dog Tribe
Next, you need to build a strong network of connections, your own personal tribe. This includes other bird dogs, real estate agents, brokers, title companies, and anyone else who might be able to help you in your search for properties. It’s also important to join relevant online forums and groups so that you can stay up-to-date on the latest trends in your market.
Education is KEY in Bird Dogging!
You need to have a strong understanding of the process of bird dogging and how to find the best deals. There are a number of resources available that can help you with this, including books, online courses, and even mentorship programs. The more you know about the process, the more likely you are to be successful.
Becoming a successful bird dog takes time, effort, and dedication. However, if you’re willing to put in the work, it can be a very lucrative business.
Why You Should Consider Bird Dogging Real Estate As A Beginner
If you’re thinking about getting involved in the world of real estate investing, you should definitely consider bird dogging. It’s a great way to learn about the industry and make some money while you’re at it.
There are a number of reasons why bird dogging is a great opportunity for those looking to get into real estate investing. First, it’s a relatively low-cost way to get started in the business. You don’t need to have a lot of money saved up in order to start bird dogging, which makes it a great option for those who are just starting out.
Another reason to consider bird dogging is that it can be a great way to learn about the business. By working with experienced investors, you’ll gain valuable knowledge and experience that you can use if you ever decide to buy a property yourself.
Creating Your Bird Dog Marketing Plan
To succeed at bird dogging in real estate, you need to put together a solid marketing plan. This should include both online and offline marketing tactics. Some ideas include creating a website or blog, designing flyers or postcards, and networking at local events. The sky’s the limit when it comes to marketing, so get creative and think outside the box!
Earning Your Commission Bird Dogging
Last, but not least, bird dogging can be a great way to make some extra money. If you find a good deal, you can earn a nice commission from the sale. This can help you offset some of the costs associated with getting started in real estate investing, such as marketing and advertising expenses.
If you’re interested in learning more about bird dogging or real estate investing in general, there are a number of resources available online. There are also numerous mentorship programs that can help you get started in the business.
The bottom line is that bird dogging is a great way to get involved in the world of real estate investing.
What are the drawbacks of bird dogging real estate?
One of the potential drawbacks of bird dogging real estate is that it can be time consuming. You need to be willing to put in the time and effort to find good deals, cultivate relationships with investors, and market your services.
Another potential drawback is that you need to have a good understanding of the real estate market in order to be successful. If you’re not familiar with how the industry works, you could end up losing money on a bad deal.
These are just a few of the potential drawbacks of bird dogging real estate. However, there are also many pros to consider as well. If you’re thinking about getting involved in the business, be sure to weigh the pros and cons carefully before making a decision.
What are some tips for becoming a successful bird dog?
There are a few key things you need to do if you want to become a successful bird dog. First, you need to educate yourself on the process and learn as much as you can about finding good deals. You should also create a solid marketing plan, including starting a website or blog for branding, and cultivate relationships with experienced investors. Finally, be patient and don’t expect to get rich quick. Bird dogging can be a great way to make money, but it takes time, effort, and patience to be successful. Don’t give up – persistence is key!
What are some of the risks associated with bird dogging real estate?
There are a few risks associated with bird dogging real estate. First, if you’re not familiar with the industry, you could end up losing money on a bad deal. You could also potentially anger or upset the buyers or sellers if you’re not careful to disclose what that you’re bird dogging. These are just a few of the potential risks to consider before getting involved in the business.
What are some common mistakes that new bird dogs make?
One of the most common mistakes that new bird dogs make is not doing their research. It’s important to educate yourself on the process and learn as much as you can before getting started.
Another mistake is not having a solid marketing plan. You need to get creative and find ways to market your services to potential clients. Finally, some new bird dogs try to do too much too soon and end up spreading themselves thin. It’s important to start slow and gradually build your business.
How Much money can a bird dogger make in real estate?
There’s no definitive answer to this question, as the amount of money you can make bird dogging real estate depends on a number of factors. However, if you’re able to find good deals and cultivate relationships with investors, you could potentially make a lot of money in the business.
The bottom line is that bird dogging is a great way to get involved in the world of real estate investing. If you’re willing to put in the time and effort, you could potentially make a lot of money in the business. However, there are also some risks and drawbacks to consider before getting started. Be sure to weigh all of the pros and cons carefully before making a decision.
What are some of the pros and cons of bird dogging real estate?
The pros of bird dogging real estate include the potential to make a lot of money, the flexibility to work on your own schedule, and the ability to get involved in the industry without a lot of start-up capital. The cons include the need to have a good understanding of the industry, the risk of losing money on a bad deal, and the potential to upset or anger buyers or sellers.
Can anybody be a bird dogger?
Yes, it’s totally possible to get started, no matter who you are or where you’re starting out! I have an acquaintance who never thought he’d be a real estate investor. In fact, when he first got started, he had no idea what he was doing. All he knew was that he wanted to make some money and get ahead in life. So, like many people starting out in real estate, he began by bird dogging.
For those who don’t know, bird dogging is when you find a property that’s for sale and then go out and find a buyer for it. It can be a great way to get started in the business because you don’t need any money or experience – you just need to know how to find good deals and how to market them.
So, that’s what he did. He spent all his time learning about real estate investing and looking for good deals. And it paid off – within a few months, he had found his first property and made his first sale. From there, things just kept getting better and better.
Now, years later, he’s involved in all sorts of different real estate investments: buy and hold properties, flips, etc. He even became a licensed real estate broker so that he could save fees on his real estate transactions. And it all started with bird dogging – something that anyone can do if they put their mind to it. So if you’re thinking about getting into real estate investing, don’t let the fear of failure stop you – just start small and work your way up!
So, what do you think? Is bird dogging right for you? If you’re willing to put in the time and effort, it could be a great way to make money in the real estate industry. However, be sure to carefully consider all of the pros and cons before making a decision.
What Is the Best Place to Learn about Bird Dogging Real Estate?
Bird Dog Bot is a great way to get started with your real estate bird dogging career. Bird Dog Bot is a software that allows you to find, track, and manage your bird dogging deals in one place. It is the simplest and most organized way to keep track of your bird dogging business. Bird Dog Bot also allows you to connect with experienced bird dog investors and get advice and support from them.
It is the perfect tool for anyone who wants to start their own real estate investing business. Sign up for Bird Dog Bot today and get started on your path to success!
There’s no doubt about it, bird dogging can be a lucrative business venture for those who are willing to put in the time and effort required. By following the tips outlined above, you’ll be well on your way to success in no time!
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Erika Finn, founder of Stacking Acorns, is an attorney who graduated from law school at University of California, Berkeley. She was a member and editor of the California Law Review and won the Prosser Prize for Legal Accounting. She holds a Master’s Degree from the University of Southern California (USC) and a Bachelor’s degree from Indiana University- Bloomington. Stacking Acorns is a personal finance website for women by women. We help mid-life women achieve financial freedom through real estate investing and other streams of passive income.
