The easiest way to get started out in real estate investing is as a “Bird Dog.” This will do two things for a beginning investor; 1. You will truly learn if real estate investing is for you. 2. You will learn how to find motivated sellers, gather necessary information for a deal, and make some extra money. Many investors start out as bird dogs because looking for distressed properties and motivated sellers does not require any cash or prior real estate knowledge.

Bird Dogs find properties for sale, gather the necessary information about the property, and then provide the information to the investors for a fee. The fee you will earn varies, it depends on the price of the property, the profit potential, and how much work is left over to the investor to get the deal closed. Bird dogs can expect to make usually anywhere from $500 to $2500 each time the information they provide leads to a purchase by an investor. The bird dog will then be paid a fee at or shortly after closing.

To be successful as a bird dog, you must gather as much information about a property as possible. Here is what you must gather for the investor to get paid:

1) The complete address of the property

2) The owner’s name and telephone number

3) Pictures of the house

4) Information about the owner’s asking price, outstanding loan balances on the     property, and if the payments are current

5) liens on the property (i.e. unpaid taxes, unpaid contractors, etc.)

6) Summary of information about the condition of the property

7) Information about the owner’s motivation to sell (i.e., foreclosure, cannot afford to     repair, divorce, etc.)

As a Bird Dog you will need to speak directly with the owner and gather information from public records, such as the tax assessor and county recorder’s office. The bird dog’s primary job is to identify motivated sellers. As a bird dog you must keep in mind that the owner of a property in need of repair may not be a motivated seller. There are many property owners who can afford to fix up a property or let it sit vacant for a long time. Motivated sellers don’t have the time or money to fix the problems their property is creating for them.

For example, you are driving through a neighborhood and find a house that is boarded up and run down. You speak to the neighbors and get the owner’s name and phone number. You then talk to the owner and find out the owner is facing foreclosure and learn that the owner can’t afford the mortgage payment or fix up the property for resale. This would qualify as a motivated seller; you would then gather all necessary information and sell the information to an investor since you don’t yet have the knowledge, experience, or the cash to solve this problem for the owner. The investor will then negotiate deal and you will earn your fee at or shortly after closing. This is your opportunity to learn more about real estate investing.

Start Earning $2500 extra dollars a month now.

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