Hi I have entered REI as a sub to bird dog. Right now I’m looking in DFW and will will target desired areas, but I need to work for honest folks who are gonna be straight with me. Any recommendations?
This is an international website so you’re probably better off finding people at a Dallas REIA meeting.
Question, how are you able to bird-dog for sub2 deals? Just curious. Interesting niche you got there.
Thanks for the tip. I’m in the local REIA. The folks I’ve found don’t move quick enough.
How…I just let the sellers know that I work w/ a network of investors who buy properties by taking over existing debt. If they’re interested, I pass the lead for a fee.
Sweet. I sure wish you were in DC. lol
Move to VA!!..lol Seriously, have you tried to find other REIA outside of your immediate area? Even if you have to drive a bit, getting a couple of good buyers can make it all worthwhile.
What is “quick enough” for you? Any investor worth his/her salt will want to do due diligence before making a deal…could you be rushing the timeline?
Also, unless the seller is in pre-foreclosure status, time may be something you can get around.
Lastly, get the property under contract and market the heck out of it online, emails, newspapers, flyers etc…good deals attract buyers.
Just my 1.5cents
When I say the guys I work with don’t move quick enough, I mean they don’t call hot leads when I pass them on. I have homeowners calling me days later asking if my folks are still interested.
I respect the time and process of due diligence. I just need to find investors who are “hot and ready” (Little Ceasars Pizza).
Thanks for your advice. I have considered assigning well-negotiated contracts.
gotcha, well in my opinion I would contract it and assign it…Birdogging has its place and is good for some people.
I have never really been into it for myself, especially with just a few more steps I can contract assign and make more money…
It could be taking so much time due to the investors schedule, if they are very active it may take them awhile to get to your lead…(they may have 10 20 50 birddogs bringing them leads), or they are working on projects that consume their time.
Do it yourself and make more.
I think you’re spot on.
I’m gonna seriously look into assigning the contracts and not leave so much money on the table. I’ll start with my buyer’s list.
Have a great weekend.