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A lot of people are interested in real estate investing as it is a great way to build long term wealth and create a stable stream of passive income in the long run. But most of the people are hesitate in taking action because of capital constraints and lack of knowledge in real estate industry.
In my view, real estate bird dogging is an easier way to get started in real estate investing as you don’t need to buy propeties and therefore doesn’t require you to have a huge capital. In fact, it is considered a great way to learn real estate investing for new investors while earning bird dog fee in the process.
So, how to start in real estate bird dogging? First and foremost, you need to locate an investor who is willing to accept your offer to work with and generating profitable property leads for them. As real estate bird dogging is a process of matching motivated sellers and investors, your investors will pay you for finding bargain properties on their behalf if the deal is successfully closed. It is imperative to have an experienced real estate investor as your mentor in order to shorten your learning curve and therefore enhance your success.
After you have found an investor who is willing to accept our offer, you have to learn how to find property deals for your investors in order to earn your bird dog fee. There are tons of places that you can find deals. Some of the more popular places include your neighborhoods, classified ads, court houses, foreclosure auction and etc. Try to be creative if you want to be successful in locating profitable deals for your investors.
As soon as you have accumulated sufficient sum of capital, you may consider to negotiate with your real estate investor in order to joint venture with him in real estate investment.
Therefore, there are ways to get started in real estate investing if you are willing to action and are willing to learn real estate investing.