Finding the best deal is the key to when buying into real estate property – may it be for your own stay for for investment. One need to know where the resources are and what can be done to find the best deal that is out there. It is a huge playing field out there and one needs lots of time to sieve through what is available and find the one with the best fit so to speak.
One important person that is part of the real estate investment plan is the real estate bird dogs. The main job of a real estate bird dog is to find deals investors. Once a property is located, the real estate bird dog will be paid a service fee by the investor. The real estate bird dog will have no attachment to the property after it is found and given to the investor, leaving the rest of the changes up to the real estate investor. If one is going to invest in a property, they will expect the real estate bird dog to find them leads that are valuable and can be re sold at a good price or that can generate rental yield of about 7% and above.
So how does the real estate bird dog “sniffs” out all the good deals for the investor clients? There are numerous ways how this is done.Most bird doges will locate properties that are being sold by owners. When this is brought to the investor, they will pay a certain amount to the bird dog. If someone has a property that is being foreclosed and would like the payments to be taken over, this can be brought to the real estate company.. Other ways include situations where a second mortgage cant be paid, the loss of a job by the owner, death or other family issues can create leads for the real estate bird dog. Once the deal is done through a real estate company, and if the property is sold, the real estate bird dog will receive a commission for the lead.
Understanding the process of real estate, and using the different resources can help you to find the best deals and make the best deals possible. So if you dont know where to start, like most of us who are new to buying property, then using a real estate bird dog is a effective way to get you the best deal.
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