How to Find & Train Bird Dogs | Wholesaling Real Estate

TL;DR

Learn how to effectively utilize bird dogs as a free and efficient strategy for finding motivated sellers in the wholesaling business.

Transcript

let's learn how to use bird dogs in your wholesaling business guys this is rick with flip with rick and i want to talk to you about bird dogs but before i do you know the drill hit that like button smash that subscribe button to continue to receive the very best free content on wholesaling on the internet at flip with rick so let's talk about it i ... Read More

Key Insights

• 🥺 Bird dogs are a valuable resource for wholesalers as they can significantly increase lead generation.
• 🤵 Utilizing social media, real estate investor groups, estate sale companies, and property management companies can help find bird dogs.
• 🤵 Proper compensation for bird dogs is essential to avoid legal issues and maintain motivation.
• 🥺 Automating the process through Google Forms and spreadsheets can make managing bird dog leads more efficient.

Questions & Answers

Q: What is a bird dog and how do they assist wholesalers?

A bird dog is someone who points wholesalers in the direction of potential motivated sellers. They help locate properties and sellers that meet specific criteria, increasing lead generation for wholesalers.

Q: How can one find bird dogs for their wholesaling business?

You can find bird dogs through social media platforms like Facebook and Clubhouse, local real estate investor groups, estate sale companies, and property management companies. These sources often have connections to motivated sellers or knowledge of potential properties.

Q: How should compensation for bird dogs be handled?

It's important to legally compensate bird dogs without offering commissions. Instead of paying per closed deal, offer a marketing fee per lead or consider a monthly salary for consistent performance. Bonuses can also be given based on the number of leads generated.

Q: How can the process of working with bird dogs be automated?

Use Google Forms to create a one-page landing page for bird dog leads. The information can be organized in a Google spreadsheet for easy management and tracking. This automation streamlines the process and prevents overwhelming amounts of direct calls.

Summary & Key Takeaways

• Bird dogs are individuals who help locate potential motivated sellers for wholesalers.

• Utilizing bird dogs can significantly increase lead generation and opportunities for wholesale deals.

• Social media, local real estate investor groups, estate sale companies, and property management companies are great sources for finding bird dogs.