Why do we need Bird Dogs?

[Account Closed]

It seems that some feel that Bird Dogs are bogus. Much of the negative talk could also be said about realtors. For that matter, many people outside of our world feel similarly about investors in general.

My experience has taught me that there seems to be more crooks out there operating as investors than there are legitimate ones. What some forget is that realtors are generally for the home buying public and that wholesalers and bird dogs are the "realtors" for the investment world. Before the crisis,
roles were much more clearly defined. Perhaps bird dogs might not be appearing as realtors had the realtors stayed out of wholesaling. Perhaps we might not need bird dogs IF THE @#%%^ REALTORS WOULD TAKE THEIR !@#$% HEADS OUT OF THEIR #%$%^! BLEEEEEEEEEEEEEEEEEEEEEEEEEEEEP!

(Yeah, I hate realtors---in general)

Furthermore, it is the perfect way to begin investing if you have no money. I'm not going too much into the pro-dog arguments thanks to the ones in this forum who have defended this role in the investing community. They are truly dead on right.
If the paperwork and the relationship is properly arranged and defined, then there is no legal issue.

Also, how "high and mighty" some are to berate those who do not have what you have. Or do you have? The emporer hates being told he's naked. Some investors either are too small or too big to do the things bird dogs can do. There are so many properties and so little time. Who among us is so presumptuous to decide someone's worth? Some of us are professional and provide a valuable service to the investment community.

I had an investor contact me today and he shared with me how "bad apples" in the past soured his opinion of 'dogs, but that my marketing made me sound credible and worthwhile. If you do not like or understand bird dogs, perhaps you haven't found one that is worthwhile. Again, you know I have trouble often getting deals because so many "investors" have given us all a bad name. Truth is, all of us who are legit are all necessary cogs in the machine, but ultimately: YOU HAVE NOT CALLED ON
THE BIRD DAWG! ---GO DAWGS! :D

[Eric Medemar]

Here's what I tell my students both bird dogs and wholesalers alike:

Bird dogging is cool if you want to learn your market, get you feet wet, and basically are scared $hitless at the thought of any risk....Bird dogging is also great because it makes for the perfect transition into wholesaling because you can take your relationships and move them from bird dog relationships to wholesaling relationships....

Having said all that....Wholesaling is virtually the exact same thing, except you make A TON more money on every deal.

Wholesaling when done correctly is NO RISK just like bird dogging....Except instead of a $500-$1000 fee your getting $5,000-$100,000 per deal (one of my clients made $150,000 on one wholesale deal).....

Basically the only Financial costs between the two is that with bird dogging you don't need deposit money and with wholesaling you do.....In many cases you don't even need deposit money to wholesale either.

Most of the bird dogs I have trained typically do 1-3 deals before going..."Hey, this sucks...I want to make big money" then they go into wholesaling....

That's why finding people who make big money bird dogging is next to impossible....The moment they get good...they move onto wholesaling....They'd be stupid not to.....

Onto the subject of Realtors...I am a Realtor, and my opinion of many Realtors is LOOOOOOOOW!

Up until recently becoming a Realtor or a Loan officer was the career choice for anyone who lost a job....The thought was "Oh crap, I got laid off from the factory....Why not start selling real estate, I heard of dude that makes lots of money doing that".....

It's no wonder that many Realtors are useless...

Yes they are licensed, yes they are supposed to go by a standard of ethics and I truly believe that most Realtors don't have any bad intentions....

The problem is in what I call "Unconscious Incompetence" meaning they "Don't know, what they don't know"....Sure they don't intend to do any harm....but using a misinformed realtor can be one of the most expensive mistakes you will ever make..And to make things worse...They think they know alot..and they truly believe that they do...Making them even more dangerous...

Thats my two cents.