The bird dog real estate program is a way for individuals to earn money by locating potential real estate deals for investors or real estate professionals. Essentially, a bird dog is a person who finds leads on potential real estate investment opportunities and passes them along to investors for a fee.
Here’s how the bird dog real estate program typically works:
Find potential leads: The bird dog looks for potential real estate investment opportunities, such as distressed properties, vacant lots, or homes that are in foreclosure.
Evaluate the lead: The bird dog evaluates the lead to determine if it’s a good investment opportunity. This may involve looking at the property’s condition, the location, and the potential for profit.
Contact the investor: Once the bird dog has identified a potential investment opportunity, they contact real estate investors or professionals to see if they are interested in purchasing the property.
Negotiate a fee: If the investor is interested in the property, the bird dog negotiates a fee for providing the lead. The fee is usually a percentage of the purchase price, although it can also be a flat fee.
Close the deal: The investor and the seller negotiate the terms of the sale, and once the deal is closed, the bird dog receives their fee.
It’s important to note that bird dogs are not licensed real estate agents or brokers, so they cannot legally represent buyers or sellers in a real estate transaction. Instead, they simply provide leads to real estate professionals or investors, who then take over the transaction.
In order to be successful as a bird dog, it’s important to have a good understanding of the local real estate market, as well as the types of properties that investors are interested in. You’ll also need to be persistent and willing to put in the time and effort to find potential leads.
Overall, the bird dog real estate program can be a great way to earn money by leveraging your knowledge of the local real estate market and connecting investors with potentially profitable investment opportunities.