A bird dog is a real estate investing term used to describe a person who finds and brings properties to the attention of investors. Bird dogs are typically paid a fee by the investor for their services.
The term "bird dog" can also be used more generally to describe anyone who brings business opportunities to the attention of others. For example, a salesperson who finds leads for potential customers may be referred to as a "bird dog."
What does distressed property mean in real estate?
There are a few different types of distressed property, but generally it refers to a property that is in poor condition, is behind on payments, or is in danger of foreclosure.
distressed properties are often sold at a discount, so they can be a good investment for people looking to fix and flip, or buy and hold. However, they can also be a lot of work, and there is always the risk that the property will end up being a money pit.
What does the slang term bird dogging mean? The term bird dogging refers to finding and then marketing properties to potential investors. Bird dogging generally involves finding properties that are below market value, and then contacting potential investors to see if they are interested in purchasing the property.
There are a few different ways to find properties that are below market value. One way is to search for properties that are in foreclosure. Another way is to search for properties that are in pre-foreclosure, which means that the owners are behind on their mortgage payments and are at risk of losing their home.
Once you have found a few potential properties, the next step is to contact potential investors. This can be done by sending out letters or postcards, or by calling investors directly.
If you are able to find an investor who is interested in purchasing a property, you will then need to negotiate a price and terms of the sale. Once the sale is complete, you will receive a commission from the investor, which is typically a percentage of the sale price.
What's a Brrrr method?
The "Brrrr method" is a real estate investing strategy that involves purchasing a property, making improvements to it, and then renting it out for a higher price than the original purchase price. The goal is to create positive cash flow from the property, which can then be used to purchase additional properties. This strategy can be used with both residential and commercial properties.
What type of dog is a bird dog?
There is no one definitive answer to this question - it depends on what you are looking for in a bird dog and what type of birds you are hoping to hunt. Some popular bird dog breeds include the Labrador Retriever, Golden Retriever, English Springer Spaniel, and German Shorthaired Pointer. These breeds are all known for their intelligence, obedience, and trainability - qualities that are essential for a successful bird dog. However, there are many other breeds that could also make good bird dogs, so it really depends on your individual needs and preferences.
Where did the term bird dog come from? The term "bird dog" is most commonly used in the real estate industry, and refers to someone who finds properties that meet the investment criteria of a particular investor. The bird dog is typically paid a finder's fee for each property that they locate and that is ultimately purchased by the investor.
The origins of the term are unclear, but it is likely that it is derived from the hunting term "bird dog", which refers to a dog that is used to flush out game birds from hiding so that they can be shot. The analogy being that the bird dog is used to locate potential investments, and the investor is the one who ultimately makes the purchase.