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Updated about 17 years ago on . Most recent reply

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Joshua Dorkin
#2 Questions About BiggerPockets & Official Site Announcements Contributor
  • BiggerPockets Founder
  • Maui, HI
5,816
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Help Us Build a Birddog How-To FAQ

Joshua Dorkin
#2 Questions About BiggerPockets & Official Site Announcements Contributor
  • BiggerPockets Founder
  • Maui, HI
Posted

Earlier today I had a request that we build a FAQ for birddogs. I'd love to get out and do it, but I'm a bit overwhealmed right now. If anyone can help us put this together, that would be great! Just add on to this thread and we'll get it going!

Thanks in advance for all your help, tips, notes, etc on this!

With that in mind, lets build the BIRD DOG FAQ!

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Matt H
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I think you guys might be blowing this whole birddog thing out of proportion. Like who is really aspiring to become a birddog? I think people are aspiring to become REI's. And if they have to use strategies to raise quick capital then sure they are using those techniques. I just think it's the wrong term and it's unfortunate that it's spread. If I had to do that I'd still try and think of myself as a "REI" who's just trying to raise quick capital for my first real deal. NEVER as a birddog. I think people have to be very careful as to what they label themselves or what others label them. Because you're becoming the thing that you think you are. So if you're a birddog that's what you are, basically someone who's not there yet, who doesn't know the industry and is well pretty pathetic. It's not the right perspective to have. If you wanna get somewhere you always have to work in "reverse". So if you're wanting to become a millionaire via REI, and you're just getting started then the most important thing you can possibly do is start to tell yourself everyday over and over again that you are infact a "Millionaire Real Estate Investor". Because what will happen is that your brain cannot interperate that input any differently. It has to act on what it's given. So as you tell yourself you're a "MM REI" you'll more and more start taking the actions that a millionaire would take. And I guarantee if you keep telling yourself that, you will not only build up the believe system that you are one, but you'll also automatically start taking the right actions, eventually leading you to becoming a millionaire. That's how the universe works, it's impossible for that not to happen once you have the believe that you are any certain label. But if you're telling yourself that you're a birddog well gloy-gee that's like telling yourself that you're not very good and that you don't know anything about the industry. It's the absolute wrong label to put on yourself. The perspective that anyone who's a REI should have is that there a multi millionaire. Because like I said you're becoming what you think about and think you are all day long. Once you develop that believe that you are something it can either be your greatest asset or your biggest weakness. So tell yourself that you're a Multi millionaire REI, not a birddog. Because you're becoming what you think of yourself as. Ya, honestly get that term bird dog completely out of your head. It's not who you are. What you are is a multi millionaire REI, who's just raising quick capital in order to fund your first real deal.

Also on a side note to all this...my thought is that I don't know an easier way for someone to reach millionaire status than REI. It's got to be the easiest way out there doesn't it? Like where else can you make six figures even seven per deal. So if you're not thinking in terms of making millions well start too. Because it's not that hard in this industry.

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