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Updated over 12 years ago,
Birddogging questions
Hi,
My name is Kevin and I love the board. I live in Dallas/Ft Worth (Plano specifically). I work for a major bank as a loan modification underwriter and I was formerly a mortagage loan officer so I have some basic information on the mortgage industry.
There is a ton of information out here and knowledge is king. From the reading I've done on this site, many have suggested to start birdogging as a way to break in as an investor. I think that makes sense for me becauase as someone said, finding the deal is half the battle. I also have no money to become an investor presently.
My question is how do you find deals? Once you find these possible deals, how do you find information on the properties such as LTV, repair costs, etc? In other words, once you find a potential property, how do you determine the costs of repair?
I also paid several hundred dollars in the past for a mentor and he was pretty much worthless and I won't be doing that again.
Have a blessed day
Kevin