Okay, now we are going to jump into why I really wanted to do these types of postings. The title says $5K but this is way above the $5k ceiling. What I am about to give you can and will change your life if you pursue it in your spare time.
We are going into Real Estate Investing.
Real Estate Investing 101
#19 Bird Dog
A real estate bird dog is someone who finds properties that are vacant, that are in need of repair and that the owner wants to sell. There is know why for anyone to know if someone wants to sell their property but for the person who is bird dogging they don’t care. The house as they see it needs some fixing up and the current owner has not done anything to the property in a while.
The bird dog simply writes down the property address and hands it over to a real estate investor who knows what to do with the information. In return, the bird dog gets a cut of the funds once the investor closes or makes money.
A “Bird Dog” works for themselves and works their own hours. They work on commission and typically don’t make any money until they deliver a property that closes. However, if you are willing to drive around your town and find good investment properties this can be a really good source of income.
Example: You find a house that needs a lot of work on the outside (take 4 photos including the roof in all of them). You hand the address over to your investor (keep a record of your work). The investor will contact the homeowner and see if they can make a deal. If they do you’ll get paid according to the deal. On average bird dogs can make $3,000 to $5,000 a deal (not a month). How many deals can you find?
To make this somewhat a full-time venture get the names of 10 or more investors. Learn what they are looking for and as you are out and about you can spot houses and send it to the right investors who are in your system. This way you can have four or five deals going at the same time.
I am always looking for good people to work with. If you are interested let me know at email@example.com. Tell me your name, city, your email address and phone number.