Bird Dogs Aren't Just For Duck Hunting!

25 Days ago, I started out with a mission to list 101 ways to make money. I have given four topics that are generally money earners with strings attached. Money always has strings attached. Other people have it, you want it! So time to go hunting for it. 

Blood hounds are famous for tracking animals, and fetching shot carcasses of dead ducks. Floppy ears and jowls, make them the hardest working ugliest dogs ever to be too cute not to love on. But they can teach us a few things. 

One, the desire to sniff out the prey. In our case a house deal. Even if we don't think that it is a deal, it may be the right deal for someone, just not us. I took a deal to my Mentor, he went over everything even met the owners, and looked over the house. He just couldn't get to the asking price??? What? I had to stop and think , why? I did everything he asked, filled out the questions on his standard form. I did the mat. It was a deal.

The problem was it wasn't a deal for him. The owner was at break even, not in a panic to sell, had renters who paid their lease on time. The house was in decent shape. He just felt, he wouldn't make a large enough profit on anything he would generate so he passed. He also didn't pay me either for bringing him the deal.

So I called another guy, I recently met. I gave him the deal. He signed the couple to contract within 36 hours, and had an assignment buyer at the table within 21 days. I got paid $500 for being a blood hound and sniffing out a deal that worked for him. My wholesale buyer netted $18k at closing selling the $118k house for $140k less closing costs to help the end buyer get in the home.

I learned that being a bird dog doesn't pay as well as being the delivery dog.

The blood hound teaches us to become the delivery dog. Once you have sniffed out a few house deals, you quickly realize that you want to be the lazy blood hound under the porch. Your job is no longer sniffing out deals, but delivering them to closings. You wait until someone brings you a deal that they don't know where to deliver it, and you serve it up for a much larger fee.

How do you get this larger fee? Through your experience chasing the deals! Someone will pay you, but pretty soon, you learn which hunter gives you the best bones (highest fees). You also learn what deals they like or dislike and sort through the ducks, doves, and geese faster and deliver them to the right hunters.