A bird dog locates promising investment properties, distressed houses, motivated sellers, off-market opportunities, and passes the lead to an investor who does the actual deal, in exchange for a finder's fee.
Log in to followI was doing this to build the down payment for the first rental, and I wanted the practice of looking at houses without the risk of owning one. It didn't work, and the reason is s…
I do roofing and gutters, mostly repair work, so I'm on ladders looking at houses all day. Two months ago I bid a roof on a 1950s ranch, three layers of shingles, decking gone sof…
Passed a pre-foreclosure to a buyer I hadn't worked with before. Single family, 1,800 square feet, owner about eleven months behind, and I'd had two long conversations with her. S…
I spent three weekends driving two older neighborhoods on the north side of my city, writing down houses with tarps, dead grass in July, mail piled in the box. Ended up with six a…
I started scouting to meet the people I eventually want to place money with, and I kept records the whole way because I wasn't sure the activity paid for itself. Seven months late…
There's a 1950s three bedroom on my walking route that I'd been looking at for about twenty months. Gutter hanging off the back corner, mail wedged in the slot so hard the flap wo…
Been at this alongside my own deals for about a year and this is the first bird dog fee that was worth the time, so writing down what actually made it different. The lead came out…
Working out what the first deal costs, and I decided bird dogging was the free way in. It wasn't free and the reason it wasn't is my own doing, so here's the accounting. Over seve…
I do passive positions mostly and I underwrite carefully, so when I started funding a local operator's acquisitions I ended up paying for his lead flow too. Over 14 months that wa…
I've been working through the pre-licensing hours and doing some scouting on the side to have something going on. Found a duplex with a boarded window and a code violation posted,…