There are a lot of similarities between bird dogging and beginning wholesaling but they are definitely not the same. The largest difference is control over who has the buyers.
In fact, bird-dogging is simply finding houses (or, sometimes, buyers) for an investor who buys to sell or to keep. Beginning wholesalers do a lot of the same: they find a deal and assign it to another buyer. But there is usually a big difference between the money to be made by bird dogging versus wholesaling.
I also started with bird dogging houses for investors. It allowed me to become really good at one part of the business - finding deals - but I had no idea how to sell properties. Knowing how to find buyers is where the wholesaling begins. A wholesaler is good at all aspects of the business: finding deals and finding buyers.
When I was bird dogging I thought I was making good money - 500 to 1000 bucks a house, and I was finding 5 to 10 deals a month for other investors. When I decided to go all the way and find my own buyers, my income increased significantly - I could get 3 to 5k on every deal doing as many deals a month as before.
Once I got to wholesaling houses strong, I am using hard money and I close on all my contracts, only occasionally assigning a contract. As your business grows and you become a true wholesaler, you really begin to see how different it is from bird dogging.
Despite the apparent similarities, once you dig deep you see that the bottom line difference is control. I work for myself not depending on the big dog wholesalers and investors. I have a group of buyers that I sell to on a monthly basis, and I have people that want to bird dog for me. I may pay them 500 or 1000 for their work while I make 5k just sending the deal they found to my buyers list. Can you see the difference?
Bird dogging is a great way to start. You may never want to go any further, but if you are planning get in this business full time (and being able to do it in any market), you need to try to get into wholesaling as fast as you possibly can.
In fact, bird-dogging is simply finding houses (or, sometimes, buyers) for an investor who buys to sell or to keep. Beginning wholesalers do a lot of the same: they find a deal and assign it to another buyer. But there is usually a big difference between the money to be made by bird dogging versus wholesaling.
I also started with bird dogging houses for investors. It allowed me to become really good at one part of the business - finding deals - but I had no idea how to sell properties. Knowing how to find buyers is where the wholesaling begins. A wholesaler is good at all aspects of the business: finding deals and finding buyers.
When I was bird dogging I thought I was making good money - 500 to 1000 bucks a house, and I was finding 5 to 10 deals a month for other investors. When I decided to go all the way and find my own buyers, my income increased significantly - I could get 3 to 5k on every deal doing as many deals a month as before.
Once I got to wholesaling houses strong, I am using hard money and I close on all my contracts, only occasionally assigning a contract. As your business grows and you become a true wholesaler, you really begin to see how different it is from bird dogging.
Despite the apparent similarities, once you dig deep you see that the bottom line difference is control. I work for myself not depending on the big dog wholesalers and investors. I have a group of buyers that I sell to on a monthly basis, and I have people that want to bird dog for me. I may pay them 500 or 1000 for their work while I make 5k just sending the deal they found to my buyers list. Can you see the difference?
Bird dogging is a great way to start. You may never want to go any further, but if you are planning get in this business full time (and being able to do it in any market), you need to try to get into wholesaling as fast as you possibly can.
About the Author:
The author, Jesse Davis is an experienced wholesaler in the Jackson, Mississippi, Real Estate market. Click here for tips on how to wholesale Real Estate and to get a free audio on Wholesaling Real estate
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