Glad to meet you.
As a Bird Dog you find the deal, it can be any type that a creative or conventional investor is looking for. Such as Subject To, Re-Hab, Short Sale, etc.
The pro investors will tell you what they are looking for in properties, then it is up to you to become proficient in finding those deals.
I will give you an example that happened a short time ago.
I was with a student of mine who I was visiting in CN, he was looking for a new computer so I went with him to the Best Buy store to find one.
While we were there I noticed a young lady who was selling Yahoo internet time. She was in the age group that was what I consider to be divorce prone, since the divorce rate is 40% I guess maybe anyone can be in that group.
However, I struck up a conversation with her, how do you like your job etc. Then I started the bird dog presentation, here goes.
Is that computer on line, she replied “No it is only for demonstration purposes only”. “Darn I wanted to look at my web site”. Then she said “What is your web site about?” I replied “Have you seen those late night infomericials where you buy a creative real estate course and make a million dollars in 30 days, I am one of those guys.”
She replied “Oh isn’t that one of those MLM scams?” At this point she was going exactly where I was leading her. I said let me give you a senerio “You have a couple getting a divorce, it takes two incomes to make the house payments, one spouse moves out and the one staying can no longer afford the payments.” “This is where I come in, rather than losing the house and screwing up thier credit, I purchase the house creatively and make the payments so it is a win/win for everyone.”
Music to my ears but I knew it was coming she says “I have a girlfriend in that exact position can you help her?” At this point I hand her my business card and reply “Yes, I can, if you give me her name and number I will call her and provide the help she needs.”
I gave the deal to my student, but this just goes to show armed only with a business card and some friendly talk with a total stranger, you can find deals, as they are everywhere. I find some of the best deals are from people just like the girl at Best Buy, no realtors involved, FSBO’s, etc.
Now, in this situation a Bird Dog would turn over this lead for a fee to an investor.
John $Cash$ Locke