Bird-Dogging - Getting A Start In Real Estate Investing

Are you anxious to get a piece of the wealth that is to be found in real estate investing? Until now, if you didn't have experience or cash it would be very unlikely that you'd be successful since real estate investing carries enormous risks and high startup costs. New investors with a lack of knowledge have lost all of their savings from a bad investment.

How can you prepare yourself to take on this lucrative market, especially with no cash?

The buzzword among investors for those making a start in this field is "bird-dogging". Don't forget it.

WHAT IS 'BIRD-DOGGING'?

Bird-dogging is a system which allows those who are interested in real estate investing to gain experience AND income with no risk.

Bird-dogging combines the enthusiasm of the new investor with the money and experience of successful investors. Bird-dogs search out properties that are abandoned, lacking attention or are in disrepair and attempt to contact the owners about their interest in selling. The idea is to find home owners who are anxious to sell. This may also include owners with foreclosures, divorces or a death in the family.

Bird-dogs then show the property to the investor. If the investor is interested or closes the deal they pay a 'finder's' or 'referral' fee to the bird-dog for the service of locating the property.

HOW DO YOU BECOME A BIRD-DOG?

Your first step would be to find a company who advertises on signs or in the newspaper that they buy houses, or take over payments.

Tell them what you'd like to do and ask them which areas they'd prefer you to look at. Drive around the area and look for 'For Sale by Owner' signs, rental homes and boarded up homes.

You will develop a sense of what individual investors are looking for over time. This is the learning phase. You will pick up what experienced investors consider 'good' or 'bad' deals based on working with them. Expect your finds to be turned down at first as you learn.

HOW MUCH DO BIRD-DOGS MAKE?

Fees paid vary from $500 to $5000 depending on the investor or the cost of the deal. Some businesses will also pay you a standard fee if you bring new investors into the business.

You can make living as a bird-dog or save your new found wealth to invest yourself when you've mastered the art of spotting the perfect deal!

This article provided courtesy of http://www.texas-real-estate-guide.net

High Profit Real Estate Investing--Make a Good Deal Every Time!

Knowing what a Good Deal is - Is the Key to Success in Real Estate. Richard Odessey

Dear Investor, Take this little survey: The most important key to Real Estate Success is: 1. Finding Motivated Sellers 2. Funding Your Deals 3. Negotiating 4. Knowing a Good Deal when you see one. Yes all of them are important. And if you answered #4 - you're right on the money. Why, because if your deal is a not good one, all your other skills and marketing and power will not make you money, and may even lead to disaster.

On the other hand, if you can unfailingly target good deals, you will always be successful and all the other skills and your marketing methods will serve to increase your success. What is a Good Deal? It's a lot easier to state the question than give the answer. Why? Because it depends on many factors like: FMarket value and purchase price FExpenses, carrying costs, repairs FCashflow and profit FHolding time FLoan terms FRisk factors FAnd more . . . And most importantly, it depends on the type of deal you're doing.

For example, if you have a loan on a property that you intend to rent or sell on a lease option, the terms of the mortgage, future tax increases, and current area rents are critical to consider in insuring a positive cashflow. However, if you are planning to do a short rehab job, and sell or just flip to another investor, rental income is irrelevant as are future tax increases. It's What You Don't Think About that Can Get You The thing that trips up many investors, is that in our enthusiasm to do a deal that we've found, we don't take into consideration "hidden" costs.

For example, if you're doing a renovation and you've done your due diligence on contractor costs, have you also considered your carrying costs such as mortgage payments, utilities, etc. not only during the renovation, but also the time it will take to sell and close with a new buyer? Or if you're using a realtor to sell the property, have you calculated the effect of a 6-7% commission and the closing costs the seller will pay on your bottom line. A 10% profit margin can shrink pretty quickly to zero under those circumstances.

Read Those Loan Terms Carefully Or have you taken into account, not just your loan to value ratio on the property, but your investment to value ratio (e.g., the total of all outstanding loan balances plus the additional funds you've put in from your own cash or borrowed from your home equity line or friends and family)? And on the income side, have you calculated how long you should hold the property to receive a significant profit from the pay down of the mortgage.

With a new 30 yr loan, you may have to wait 5-10yrs to get the same pay down you'd get after a few years from a 30yr loan that's been seasoned for 10 years. And did you carefully read the note contracts to take account of adjustable rates and pre-payment penalties? Checklists aren't Enough A number of courses and real estate gurus will give you checklists. That's helpful in not forgetting something, but it doesn't help you with the laborious and complex task of putting all the numbers together. There's just something about working with the actual real numbers, that brings the reality of the deal into actual focus. Our hopes and wishes dissolve before the actual profit and loss calculations.

Moreover, the numbers can pinpoint the weaknesses in a deal, and point the way to a solution. No mere checklist can do that. What About Risk? I think you'll also agree that a Good Deal, is not just High Profit, but also, most importantly Low Risk. Many a dream of a golden future has come crashing down because some little thing went wrong. Many a would-be mogul, is now working at a 9 to 5 because their killer deal was wrecked by an unforseen glitch. This is what we mean by high risk. The successful investors do deals with low risk.

Deals that are so robust that even if almost everything went wrong they'd still come out with a profit. Build In A Safety Margin For example, suppose you have a rental with a positive cashflow. Is your cashflow high enough or your option payment big enough, that even if you had to evict your tenant for non-payment and it took you 2 months to fill it with another cash-paying customer, you'd still come out ahead? Or, is your investment to value so low that even if you had to offer your buyer a big discount for a quick sale, you'd still walk away from the closing table with a fat check? In real estate things can and usually do go wrong. It's Normal.

So, wouldn't you like all your deals to have these kinds of safety margins? Fixing the Problems with Your Deal Now, if you knew in advance that your risk was too high, or your cashflow was too low, or your profit over the life of the deal wasn't enough, you'd want to think of solutions. This is what is meant by being a "transaction engineer". Find the solution, fix the problem, test it on the numbers, and then negotiate it into the deal. And if you can't find a solution (but there always is one) or the seller won't accept it-NEXT! I can tell you from real experience, a bad or risky deal is NEVER WORTH DOING-no matter how enticing the vision.

The personal stress, heartache, and loss of confidence can be even more harmless than the potential financial loss. In the words of an ex-president's wife, if you are faced with doing a bad deal-Just say No! What's the Answer? Some experienced investors have a feel for good deals, and can avoid trouble most of the time. Others only do a particular type of deal and use a rough "rule of thumb" to evaluate their risk and profit. However, what's really needed is a "calculator" or computer program that will take in all the variables and ÜCalculate the exact profit and cashflow for all kinds of deals.

ÜMeasure and Evaluate the financial risk in the deal ÜUse standard and safe criteria for what constitutes a good deal ÜSuggests alternatives to fix what is wrong The Deal Evaluation Tool We've taken tons of real estate courses and looked at all kinds of real estate software, and nothing has come close to what we as investors need. So we decided to create our own Deal Evaluation Tool

<http://www.1shoppingcart.com/app/adtrack.asp?AdID=137598>;. Well after several months of testing and improvement, we now use it for all our deals-short sales, subject to, lease option, rehab, wholesaling, and even some commercial. Since we can try out different "what-if" scenarios, it's kept us away from some real pitfalls, and helped us negotiate better profit margins. We wouldn't "leave home without it". Constantly Meeting The Needs Of Investors Well, some other investors wanted to try it, so we put it on our website. Much to our delight we now have a community of users and a users group that shares their insights about doing deals and creative ways to use the Deal Evaluation Tool

<http://www.1shoppingcart.com/app/adtrack.asp?AdID=137598>;. Their suggestions, are leading to a rapid improvement of already incredibly useful tool. There is just nothing out there like it. We've also put a demo up for those investors

<http://www.1shoppingcart.com/app/adtrack.asp?AdID=137598>; who would like to get a feel for using it. And we hold classes for new users. Knowing all the numbers, and having evaluated our risks with the Deal Evaluation Tool

<http://www.1shoppingcart.com/app/adtrack.asp?AdID=137598>; gives us more confidence in negotiating deals with sellers and more consistent high profit real estate deals. And that's what we all want, isn't it. Best of Success, Michelle & Richard Odesey modessey@InvestorWealth.com <mailto:modessey@InvestorWealth.com> 770-338-2797 P.S. You can take a FREE test drive of the Deal Evaluation Tool by using the link below and clicking on the Deal Evaluation Tool icon with Richard's picture: www.InvestorWealth.com <http://www.InvestorWealth.com>

Go to www.InvestorWealth.com for these Real Estate Profit Secrets: * Super Success Short Sale Secrets (*Best Course)

* Deal Evaluation Tool

* Free Teleseminars on the latest and most effective real estate profit techniques

3 Top Real Estate Investing Methods for Maximum Wealth

3 Top Real Estate Investing Methods for Maximum Wealth (by Steve Majors - The Lazy Investor)

-------------------------------------------------------------

Real Estate investing can be used to gain wealth in three major ways -

1. Long-term Real Estate investing is most often utilized using appreciation as a planning tool.

Historically, Real Estate has doubled in value every 11 years (6% per year on average over the period).

Of course, not all areas have seen that much appreciation, while others (like sections of California and Nevada) have seen double or triple that rate, but overall, a 7-11 year cycle of doubling value has been the 'rule'.

So, a house worth $100,000 today will be worth $200,000 after 11 years (on average).

The best part about this plan (when it comes true) is that the debt on the house after 11 years will be less than the original $100,000 (because payments were made for all that time), while the property is worth $200,000.

The difference makes a great retirement 'nest egg'.

2. Instant cash is available in many types of Real Estate investing transactions where money is made within days or weeks (sometimes hours, and even minutes!) of the purchase.

These transactions are often referred to generically as 'flips' (a more detailed description of these transactions is given below).

When the money made from these transactions is used to reinvest in other ventures, the return rate highly exceeds any other method of Real Estate investing. The reason for this is that, on a property valued at $100,000, the purchase price is often 10-50% less.

With an example of 15%, the purchase price will be $85,000. Selling the property at a discount to another buyer for $95,000 will net well over $5,000 (after closing costs and all expenses).

The $5,000 used as investment money for another transaction will yield an additional discount on that property, and when you continue to 'roll' the money made from such real estate investing activities, you eventually lead to 'full cash' purchases, which is usually what is needed to acquire most 30% or more discounts from sellers.

This method of Real Estate investing (buying low, selling high and re-investing) yields extreme wealth - plus, the first property could have been done as a 'no money down' transaction!

Extreme wealth from nothing - where else can you find this except in Real Estate investing?

3. Cash flow properties are often used in cooperation with appreciation (one of the biggest benefits of Real Estate investing), however, is listed here as a separate system because many investors do not count appreciation into their calculations when purchasing a property.

Cash flow properties are those with some monthly income - that is, the difference between what is paid in and what is paid out. Traditionally, these are 'rental' properties, and bring in a constant flow of cash for the investor.

Sadly, many investors use this cash for their living expenses and never grow the wealth they could by simply reinvesting this money into another property.

Although slower than other techniques, this method of Real Estate investing can yield a very high rate of return for the careful investor

Steve Majors - The Lazy Investor Profit from Real Estate Investing articles, information and news from one of the most creative investors on the planet ~FREE MEMBERSHIP~ http://TheLazyInvestor.com

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+ $ How to pick momentum stocks every day in an easy and fast way. Pure gold over and over.

+ $ What kind of stocks to look for and how to classify the opportunities for greater trading profits. Come and get a truckload of $$$$$ from now on.

+ $ Profitable momentum trading without technical analysis.

+ $ What kind of stocks and "opportunities" to avoid and why. Save thousands in losses from trades gone bad in the future.

+ $ The "little details" you should look for before you consider a momentum daytrade.

+ $ Things to consider when trading low float momentum stocks

+ $ Buying micro cap and small cap stocks with momentum.

+ $ Trading NASDAQ stocks or OTCBB - OTC stocks ?

+ $ Getting ready for the trading breakout. Position your self for success.

+ $ Will my market rally last more than 5 minutes or less? What to do

+ $ It's all about the stock rally. The rest is just a bunch of elegant B.S. Learn to focus on what matters.

+ $ How to lock in profits on the way up

+ $ Should I hold overnight trading positions for a possible gap up ?

+ $ What to do if the stock rally stops moving. Cash in your pocket !

+ $ Level 2 trading ( L 2 ) strategies for momentum stocks.

+ $ Time frames for trading stocks with momentum, Pros and Cons

+ $ Premarket stock trading strategies and tips.

+ $ Trading momentum stock opportunities during market hours. $$$$

+ $ Trading at the open or waiting till the dust settles to make your move. It depends. This can make a big difference in your results.

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+ $ After hours trading tactics and tips. Super value, yours included !

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+ $ You don't need to watch the stock market all day. Profitable stock traders have a better way.

+ $ Stock trading is not a job. Save money and don't make it another rat race.

+ $ Watching charts and stocktrading all day ? Overtrading is not the way to go. Learn why !

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HotInPlayStocks.com helps day traders and investors take advantage of stocks with momentum every day in a practical way.

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