In today’s real estate market, there is a tremendous opportunity for new investors, also known as real estate hunting dogs, property locators, or local associates. Whatever name you choose to call yourself and become a real estate bird dog, then you can get the inside scoop on the kind of deals you need to be aware of, the different players in the area. If you can find the deals and match them with a buyer, there is a great opportunity to enter the real estate investment industry.
New real estate investors or bloodhounds who want to be successful must learn the basics of their niche and understand their role like the hair on their face.
Find your buyers:
The only way to be successful in real estate as a business is to determine the best types of deals. Most people start out in real estate as guide dogs to learn a system to figure out how to take what they’ve learned and apply it to their own business. The more buyers you have lined up, the more money you can earn. You can have the best deal in the world, but if you don’t have the cash or the buyer lined up, that perfect deal can slip through your fingers. Your goal should be to have at least 15-20 buyers to review your offers.
Once you know who the buyers are, you can really make a lot of money, but not until you find a deal they might want. If you don’t have any buyers lined up yet, you may want to go out and find an investor who has some buyers for immediate profit. Just let the investor know up front that you want to work with them so they can learn who the players are to eventually make their own business or at least take what they learned along the way.
Find some deals:
The second secret ingredient to successful real estate bird hunting is finding deals. The hardest part of starting out as a real estate investor on your own without learning the ropes, you will quickly find that you will fail if you don’t have a source of leads to screen your buyers with. You can have all the buyers, but without the right deal, your buyers will buy from someone else. That’s why it’s so important to develop a system that provides you with leads when you need to make some money. There are so many ways to find potential clients. You can call homeowners from the newspaper, call homeowners with signs in their yards, or place your own ad in the newspaper. Another way to find good leads is through the Internet. The internet is the biggest source right now for a good source of leads. Once you find a great way to produce leads, you’ll be on your way to big profits.
Present information to buyers
You don’t want to ruin your chances of selling your best opportunity to one of your best buyers by not providing as much information as possible. A good dog or property locator will provide as much information as possible so they don’t waste your time or that of your buyers. Your investor buyer will want some of the information listed:
1. The address of the property
2. Basic condition on the outside or better if you have information on the inside
3. The sale price
4. Do you think it is worth asking about the property?
5. The contact information of the owners
6. Outside photos are fine, but preferably indoors too
7. Photographs of nearby houses
8.Internet access
9. Email account
10. Accessible phone line
If you provide all of this information, it will take your earnings of $500-$1,500. He learns the techniques listed in this article and he will surely be on his way to earning some cash in his starting career as a bird dog or property locator. There are many books and training you can get for free. You can find some books in the library or contact an investor and ask for training, if you are willing to be their bird dog then you can get free training.