So how do they make money?
Successful real estate bird dogs are making good amount of money by locating deals for their investors whether in good or bad times. That is real estate "bird dogs" get a referral fee for finding good deals for other investors. This is often where people begin their investing career as there is only time at stake. They are typically paid when the deal closes. Typical fees for real estate bird dogs range between $500 and $3000.00 dollars. On the other hand, some real estate bird dogs bird dogs will structure companies and partnership arrangements as they're frequently not real estate agents and may not be able to collect a "referral fee" for their services.
Becoming a real estate bird dog provides a number of benefits as it allows you to earn while learning the ways and means of real estate investing. And the old adage which says "practice makes you perfect" works perfectly well when it comes to real estate bird dogging. Being a real estate bird dog allows you to practice real estate investing, because you can follow the progress of each of the homes that you were paid to locate, and eventually learn many things from the experts in real estate investing while doing the business.
An investor may pay $500-$1000.00 for a bird dog fee, which is good enough just by doing a couple of hours of work during your spare time. But the good thing doesn't end there. The best part is that you can observe and learn the strategies on making a deal, how that investor rehabs and sells the property, etc. Once you have seen your investors make $20,000-$30,000 profit, it won't take long for you to develop the motivation that you need to start investing on your own.
Terry Wygal is a real estate investing expert on Real Estate Bird Dog. Check his site to learn the benefits of being a real estate bird dog and get the latest tips and strategies on real estate investing right now at www.terrywygal.com.