The following is an AI-generated summary of what is in the video:
The transcript is from a podcast webinar series on serving real estate investors.
The host, James, is discussing the role of real estate bird dogs and why to work with them.
Bird dogs are individuals interested in researching and identifying potential real estate deals and turning them over to investors or agents for a fee.
Bird dogs are not typically involved in negotiating with sellers or closing deals.
The pros of working with bird dogs include their willingness to work for small fees, potential for referrals or becoming clients themselves, and ability to provide research or administrative assistance.
Bird dogs may attend investor meetings to meet more wholesalers and real estate investors.
They can be a source of introductions to other clients in the market.
They may be interested in learning how to do comparable sales and can provide comparable sales data.
Bird dogs can be helpful to real estate agents who want to outsource some of their comps work.
They may become clients for other types of deals in the future.
The cons of working with bird dogs include their focus on small dollar amounts, indirect involvement in transactions, and lack of direct content leading to transactions.
It might be harder for them to qualify to buy a property themselves due to the smaller fees they earn.
Enjoy!
Love,
James Orr
The Real Estate Financial Planner™
Why Work with Real Estate Bird Dogs