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If you are reading this for tips to find deals, we will list places to find deals below. We encouarage birddogging specifically for those in the position to find leads, and who do not have the time or inclination to deal with financing, estimating repairs or negotiating from a risk position of buying a house. AFTER YOU HAVE READ WHOLESALING... A serious real estate investor needs to be able to close deals. In that regard, since you have by now read the wholesaling section, you notice that your intent is to put properties under contract. You are a birddogger by default if you fail to do that. That is not failure. Now you have a lead that you could not close. Go ahead, share the information with an investor who may be able to close it for you and, more importantly, pay you - $250, $500, or whatever rate you can negotiate. Another structure that seems to work is a partnership, whereby the birddogger is a hybrid between a deal finder and a deal closer. These investors tend to share in some of the profit, learn a lot about investing and have an organization for support when they have questions. FINDING DEALS The rest of the readers came here to find out how to find deals. We wish we could say it were difficult and worth charging thousands for, but it is not. We may cover each of these in an Advanced Lesson or may have already covered them. We will update as new lessons go live:
2) Network - contact those nearest you and let them know you buy houses 3) Vacant Houses/Vacant Land - drive around and then skiptrace to contact owners 4) For Sale By Owner (FSBO) - they are normally identified by signs out front, or in the newspaper. Easy research and ready-made negotiating practice. You know it is for sale! 5) Houses in Disrepair - as with vacant, except knock on door (safety first) and offer to purchase. 6) Divorces - Divorce case filings 7) Bankruptcies - Bankruptcy case filings 8) Advertisements - Signs/billboards/newspaper advertising - have them call you 9) Foreclosures/PreForeclosures - Publicly available data 10) Our magic, million-dollar tip, for absolutely free - knock on doors and talk to strangers If you have questions and would like more dedicated and one-on-one/small group education, we can set up live in-person or on-the-job learning sessions - upon request or at a regularly scheduled time. Related Articles -BASIC EDUCATION OVERVIEW - Basic Investing ARV - After Repair Value Birddogging Contract for Deed Dealing with Contractors Estimating Profits Evictions - A Primer Executory Contract Foreclosure Overview Foreclosure Types Overview Hard Money Loans - a/k/a Asset Based Lending* Lease Options Leverage MAO - Maximum Allowable Offer Multi-Family Investing Basics as Presented by David Lindahl on March 4, 2006 No-Money Down Real Estate Investing Options Part-Time v Full-time Passive Investing For Beginners Pre-Foreclosure Profit Calculation Remodeling for Beginners Rent vs Buy Is Really Rent vs Sell Seller Financing as Investor Buying Tool Skiptracing Subject To Wholesaling Return to Listing Return to Investor Education |
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