"Bird-dogging" in Arizona, question for someone starting out

[Account Closed]

Hey all, 

So I've gotten really interested in bird-dogging as a way of starting out. My target area will be Chandler, Tempe, Mesa as I'll be starting out in Chandler AZ mid May

Upsides as I see it:

• Referral fees that I can stash away for future deals
• Networking with local investors 
• Learning my market
• Ideally learn the ropes from a more seasoned investor

I wanted to get everyone's feedback or experiences with starting out like this. Things I should consider, avoid, any recommendations on education material starting out. I have heard its extremely competitive, e specially in a hot market. Also I'm interested in the legal position I would have..couldn't someone easily take a property, sell it and not give a referral fee? Obviously this is worst case scenario, but something I wanted to get some clarity on.

As always thanks for the feedback!

[Jose Flores]

Hey @Account Closed Here are a few suggestions to get you thinking. First, learn the process which could be explained in these simple steps:

Step 1: Market to motivated sellers

Step 2: Sign purchase contract with the seller

Step 3: Find cash buyer

Step 4: Sign contract with cash buyer for a higher price and collect 2k deposit

Step5: Close Transaction via Assignment or Double Closing and Collect your check

Second, learn has much as possible about the 5 skills needed to be a Pro at wholesaling. They are marketing; estimating repairs; contracting; appraisals; and negotiating.

Last, spend 80% of your time marketing.

Hope this helps. Good luck.