There are dozens on dozens of ways to attain money with Real Estate. Among the most leisurely ways to make income with real property is becoming a Real Estate Bird Dog.

What does al Estate Bird Dog do? A real estate bird dog locates investments or investment leads for investors.

Why would realty Investors seek out a service like this?

A lot of Real Estate Investors are businesspeople who are active creating income. They do not have time to track down great real estate deals in major real estate markets like Las Vegas. These are where a real estate bird dog comes into play.

What makes a real estate bird dog?

Easy. It takes the bird dog knowing the in’s and out’s of their real estate market. The better real property bird dogs have a dozens of touches within their various real estate marketplace. They also recognize a fine real estate investiture when they see it. Real estate bird dogs look for human relationship with realtors, brokers, bankers, loaners and anybody else who may deliver knowledge of a beneficial real estate investment.

In most marketplaces, the real estate bird dog will be an individual who already works in the industry, for instance a real estate broker or perhaps an assitent to a realtor. Even so, I know Bird Dogs who do nothing other discover real estate investment bargains for investors.

How does a real estate bird dog get compensated?

Commonly when a real estate bird dog discovers various investments or investing leads, they then deliver them to the investor. When/if they purchase the investment, the real estate bird dog is compensated a service charge which is generally a percent of the dealings or it could be a flat fee, it depends on the bird dog.

The advantages of being a real estate bird dog is that once you hand the property off to the investor, you job is done. You don’t have to worry about setting up financing, inspections or any other of the headaches that can come with investing in real estate.

How much can a real estate bird dog make?

Obviously it depends on what percentage of the deal you decide your time and effort is worth, but some command as high as a 10% finders fee. I’ve heard of higher fees, but most that I’m aware of run in the 3 to 6% range.

What are the pits of being a real estate bird dog?

Well, for one, in some states, if you find real estate for an investor and then charge a fee, they feel you need a real estate license. Check with the State you live in before going into this.

Personally, I believe that’s B.S. but some states of matter will do anything to clear more license fees. Even if you have to sit through a few hours of boring real estate classes, for many it’s worth it for the advantages of becoming a real estate bird dog.

This little article will show you how to choose your first home. This is probably one of the best times to look at buying a home. The real estate markets in most cities has declined as well as the interest rates. Bargains can be had in nearly any real estate market.

Beginning to search for your first home is an important step to achieving the American Dream. If you are considering a new home, there are specific things that you will want to know before jumping in with both feet.

How To Choose Your First Home 101

Before you even begin to look at homes, make sure your finances are in order. It’s wise to get pre-approved for a home loan. This is not the same thing as pre-qualified! You want to get pre-approved for a home loan, not just pre-qualified for a home loan! This way, you’ll know what you can, and cannot, afford. There are also other things to consider when buying your first home.

Things like: find the going interest rates, how much other owners are paying every month, and what you can or can’t afford. You will also want to see what types of houses are selling and what they are going for. If you know the basics of what is available, it will be easier for you to get exactly what you want.

How To Choose a Real Estate Agent

Your next step is to choose a real estate agent. Never use the Sellers Agent! It isn’t smart because the Sellers real estate agent by law in most areas has to keep the Sellers best interest at hand. The right real estate agent can save you a lot of money and grief. The wrong real estate agent can cost you money and much more. Real estate agents have the ability to do investigations for you and find something that is best for you.

It’s very important that your real estate agent understands why type of home you’re looking for and what you can afford. Never let a real estate agetn dictate to you what you should, or should not buy. If you have that type of agent, it’s time to find another one. Remember, your real estate agent works for you, not the other way around!

It’s best to have your own loan broker, not the real estate agents. This won’t be a problem if your already pre-approved (not pre-qualified!).

Also, never settle on using your real estate agents “Inspector” or “pest control” person. Some agents have set up a network of so called “Professional Services” where they received kickbacks for referring contractors to you. These contractors in turn sometimes will convienently “overlook” defects so they do not upset the Agent or Broker and run the chance of getting booted off the “Preferred Vendors List” Do you own homework!

The process of finding a new home can be challenging and fun. Making sure you can afford the home of your dreams and still have money left over for new home necessities is a huge undertakng. By learning the ropes when choosing your first home, you can be certain to get what you want, and develop the experience for future home purchases.

how to choose your first home