Is Birdogging Really Real Estate Investing?

December 16, 2011 by Kenny Santos  
Filed under Real Estate Investing

I?ve been asked the question by beginning real estate investors, ?If I only birddog, am I really investing in real estate?? Good question.

My answer is, ?Are you making money, are you learning, and are you moving forward toward your goals?? If you can answer yes to those questions, then the right answer to ?Is birdogging really real estate investing?? is ?Who cares??

First, a primer on birdogging. It?s nothing more or less complicated than finding deals for other investors. As a birddog, you will do the legwork required to hunt down property that is in distress. That means it?s either vacant or in need of repairs, or the owner is experiencing some life situation that causes him to need to sell.

When you find a likely property, you will get another investor involved, and when they purchase the property you will receive a birddog fee. This usually amounts to between $500 and $5,000 depending on how much the property sells for and how much legwork you did to bring the deal to the buyer.

Birdogging is a great way to learn the ins and outs of real estate investing. You learn not only how to find distressed property, but also how to value real estate, how to use creative financing techniques, how to talk to sellers, and much more. In short, birdogging is a great way to get an education in real estate investing and earn a good living at the same time.

So, is birdogging really real estate investing? Not technically. It?s actually closer to being a real estate merchandiser. That is, you?re really in the business of locating property, or generating leads for other investors. Based on the amount of money you can earn, the education you?ll receive, and the low risk involved, that?s not really a bad thing.

Speaking of risk, that?s one of the chief advantages of birdogging. After all, since you?re not using any of your own money, there?s nothing to lose except your time. In addition, you really don?t need any cash or credit to get started in real estate investing? a perfect solution for people who are lacking one or the other, or both.

Now that you have a grasp of what birdogging is all about, why not make it a goal to birddog a few deals this month? You?ll have a blast, learn a ton, and make some money. What could be bad about that?

For more on beginning real estate investing visit http://www.dealfiles.com/beginninginvesting.html

Tom Dunn is a successful real estate investor and author of the popular DealFiles Real Estate Investor Stories free newsletter. You are welcome to share this report, unedited and in it’s entirety, with anyone you like. This text, and all live text links, must remain intact. ? 2007 by Tom Dunn.

Best Real Estate Investing Program - Monopoly Theory

December 15, 2010 by Kenny Santos  
Filed under Real Estate Investing

Everybody has a different theory about how best to win at Monopoly. Some say The Railroads are the answer, others the Utilities. For some it?s crucial to own Boardwalk and Park Place, and for others it?s the green and orange properties. When it comes to deciding on the best real estate investing program, you can learn a lot from Monopoly.

If you?re actively looking for the best real estate investing program, and you?re trying to decide whether to invest in houses or apartments, you could try approaching investing like you would approach a game of Monopoly. If nothing else, it will make for an interesting exercise.

When you own property in Monopoly, your primary goal is to acquire all of a particular color group, and your purpose is clear- to be able to build houses and, ultimately, hotels. The more houses, the higher the rents, and hotels allow rents that are higher still. This remains one of the best Monopoly strategies, and I believe it?s also the best real estate investing program for many people.

I consider a hotel in Monopoly to be roughly the equivalent of an apartment building.

Following the Monopoly logic, you would begin by acquiring houses, both single family and duplexes. Using a combination of creative financing, rehabbing, and wholesaling, and being very careful to buy value, you would build up your cash and equity reserves. This is the first phase of the best real estate investing program.

In the second phase of the best real estate investing program, you would leverage this equity and cash into larger 3-5 unit apartment houses in appreciating neighborhoods. At the same time, you will be acquiring topnotch property management skills, and learning the ins and outs of 1031 exchanges and financing strategies.

Phase three would find you trading some of your mid-size apartment houses for large apartment buildings and multi-unit complexes, letting the economy of scale and the cumulative power of depreciation, appreciation, and cash flow make you a very wealthy Monopoly player. Can you see why this may be the best real estate investing program of all?

Over a 5-10 year period, making allowance for a mistake here and there, there?s no reason you couldn?t wind up controlling several million dollars worth of property, and several hundred rental units. Then your toughest decision may be whether to sell Connecticut Avenue and buy Park Place!

For more on getting started right, see The Best Real Estate Investing Program

Now, go make more offers!

Crush The Biggest Obstacle to Your Success in Real Estate… or Anything Else! Download my FREE report HERE!

Tom Dunn is a successful real estate investor and author of the popular DealFiles Real Estate Investor Stories free newsletter. You are welcome to share this report, unedited and in it’s entirety, with anyone you like. You may not remove this text. ? 2007 by Tom Dunn. Website: http://www.dealfiles.com e-mail: tom@dealfiles.com

Best Real Estate Investing Program - Monopoly Theory

July 8, 2009 by Kenny Santos  
Filed under Real Estate Investing

Everybody has a different theory about how best to win at Monopoly. Some say The Railroads are the answer, others the Utilities. For some it?s crucial to own Boardwalk and Park Place, and for others it?s the green and orange properties. When it comes to deciding on the best real estate investing program, you can learn a lot from Monopoly.

If you?re actively looking for the best real estate investing program, and you?re trying to decide whether to invest in houses or apartments, you could try approaching investing like you would approach a game of Monopoly. If nothing else, it will make for an interesting exercise.

When you own property in Monopoly, your primary goal is to acquire all of a particular color group, and your purpose is clear- to be able to build houses and, ultimately, hotels. The more houses, the higher the rents, and hotels allow rents that are higher still. This remains one of the best Monopoly strategies, and I believe it?s also the best real estate investing program for many people.

I consider a hotel in Monopoly to be roughly the equivalent of an apartment building.

Following the Monopoly logic, you would begin by acquiring houses, both single family and duplexes. Using a combination of creative financing, rehabbing, and wholesaling, and being very careful to buy value, you would build up your cash and equity reserves. This is the first phase of the best real estate investing program.

In the second phase of the best real estate investing program, you would leverage this equity and cash into larger 3-5 unit apartment houses in appreciating neighborhoods. At the same time, you will be acquiring topnotch property management skills, and learning the ins and outs of 1031 exchanges and financing strategies.

Phase three would find you trading some of your mid-size apartment houses for large apartment buildings and multi-unit complexes, letting the economy of scale and the cumulative power of depreciation, appreciation, and cash flow make you a very wealthy Monopoly player. Can you see why this may be the best real estate investing program of all?

Over a 5-10 year period, making allowance for a mistake here and there, there?s no reason you couldn?t wind up controlling several million dollars worth of property, and several hundred rental units. Then your toughest decision may be whether to sell Connecticut Avenue and buy Park Place!

For more on getting started right, see The Best Real Estate Investing Program

Now, go make more offers!

Crush The Biggest Obstacle to Your Success in Real Estate… or Anything Else! Download my FREE report HERE!

Tom Dunn is a successful real estate investor and author of the popular DealFiles Real Estate Investor Stories free newsletter. You are welcome to share this report, unedited and in it’s entirety, with anyone you like. You may not remove this text. ? 2007 by Tom Dunn. Website: http://www.dealfiles.com e-mail: tom@dealfiles.com

Best Real Estate Investing Program - Monopoly Theory

July 5, 2009 by Kenny Santos  
Filed under Real Estate Investing

Everybody has a different theory about how best to win at Monopoly. Some say The Railroads are the answer, others the Utilities. For some it?s crucial to own Boardwalk and Park Place, and for others it?s the green and orange properties. When it comes to deciding on the best real estate investing program, you can learn a lot from Monopoly.

If you?re actively looking for the best real estate investing program, and you?re trying to decide whether to invest in houses or apartments, you could try approaching investing like you would approach a game of Monopoly. If nothing else, it will make for an interesting exercise.

When you own property in Monopoly, your primary goal is to acquire all of a particular color group, and your purpose is clear- to be able to build houses and, ultimately, hotels. The more houses, the higher the rents, and hotels allow rents that are higher still. This remains one of the best Monopoly strategies, and I believe it?s also the best real estate investing program for many people.

I consider a hotel in Monopoly to be roughly the equivalent of an apartment building.

Following the Monopoly logic, you would begin by acquiring houses, both single family and duplexes. Using a combination of creative financing, rehabbing, and wholesaling, and being very careful to buy value, you would build up your cash and equity reserves. This is the first phase of the best real estate investing program.

In the second phase of the best real estate investing program, you would leverage this equity and cash into larger 3-5 unit apartment houses in appreciating neighborhoods. At the same time, you will be acquiring topnotch property management skills, and learning the ins and outs of 1031 exchanges and financing strategies.

Phase three would find you trading some of your mid-size apartment houses for large apartment buildings and multi-unit complexes, letting the economy of scale and the cumulative power of depreciation, appreciation, and cash flow make you a very wealthy Monopoly player. Can you see why this may be the best real estate investing program of all?

Over a 5-10 year period, making allowance for a mistake here and there, there?s no reason you couldn?t wind up controlling several million dollars worth of property, and several hundred rental units. Then your toughest decision may be whether to sell Connecticut Avenue and buy Park Place!

For more on getting started right, see The Best Real Estate Investing Program

Now, go make more offers!

Crush The Biggest Obstacle to Your Success in Real Estate… or Anything Else! Download my FREE report HERE!

Tom Dunn is a successful real estate investor and author of the popular DealFiles Real Estate Investor Stories free newsletter. You are welcome to share this report, unedited and in it’s entirety, with anyone you like. You may not remove this text. ? 2007 by Tom Dunn. Website: http://www.dealfiles.com e-mail: tom@dealfiles.com

Is Birdogging Really Real Estate Investing?

June 11, 2009 by Kenny Santos  
Filed under Real Estate Investing

I?ve been asked the question by beginning real estate investors, ?If I only birddog, am I really investing in real estate?? Good question.

My answer is, ?Are you making money, are you learning, and are you moving forward toward your goals?? If you can answer yes to those questions, then the right answer to ?Is birdogging really real estate investing?? is ?Who cares??

First, a primer on birdogging. It?s nothing more or less complicated than finding deals for other investors. As a birddog, you will do the legwork required to hunt down property that is in distress. That means it?s either vacant or in need of repairs, or the owner is experiencing some life situation that causes him to need to sell.

When you find a likely property, you will get another investor involved, and when they purchase the property you will receive a birddog fee. This usually amounts to between $500 and $5,000 depending on how much the property sells for and how much legwork you did to bring the deal to the buyer.

Birdogging is a great way to learn the ins and outs of real estate investing. You learn not only how to find distressed property, but also how to value real estate, how to use creative financing techniques, how to talk to sellers, and much more. In short, birdogging is a great way to get an education in real estate investing and earn a good living at the same time.

So, is birdogging really real estate investing? Not technically. It?s actually closer to being a real estate merchandiser. That is, you?re really in the business of locating property, or generating leads for other investors. Based on the amount of money you can earn, the education you?ll receive, and the low risk involved, that?s not really a bad thing.

Speaking of risk, that?s one of the chief advantages of birdogging. After all, since you?re not using any of your own money, there?s nothing to lose except your time. In addition, you really don?t need any cash or credit to get started in real estate investing? a perfect solution for people who are lacking one or the other, or both.

Now that you have a grasp of what birdogging is all about, why not make it a goal to birddog a few deals this month? You?ll have a blast, learn a ton, and make some money. What could be bad about that?

For more on beginning real estate investing visit http://www.dealfiles.com/beginninginvesting.html

Tom Dunn is a successful real estate investor and author of the popular DealFiles Real Estate Investor Stories free newsletter. You are welcome to share this report, unedited and in it’s entirety, with anyone you like. This text, and all live text links, must remain intact. ? 2007 by Tom Dunn.