Birddog update

[ashon]

It's been a couple of weeks since I posted my intentions about birddogging and my plan to get this REI stuff up and running. Last week I ran around renton driving through the neighborhoods and logging FSBO/FRBO, Abandonded, and ugly houses. Picked up about 12 leads. Did the research on them through the tax rolls, and then just keep reading on

Comments

[keleighbel]

yay for goals and plans and potential for awesomeness! congrats and good luck!

[spherical]

Cool. Sounds like solid progress.

So how does your bird dogging work exactly? You find ugly houses and...? What's the follow up/research? I guess I'm unclear as to what the investors are buying from you. Are you trying to get the homeowner to sign an assignable contract that you can sell, or are you just selling the investors sales leads?

[ashon]

Well, it's not just Ugly Houses. It's FSBOs, FRBOs, Potentially abandonded properties. It's a matter of trying to locate a property that the investor can purchase at about .40-.60 cents to the dollar.

So after I do my driveby, I hit the King County website and I research the property. Who the real owner is, if there are any judgments against the property, what the house is tax assessed at, How many beds and baths, the heated square feet. How much it last sold for. There's about 20 questions that I am trying to fill in. Then I give these leads to Investors based upon their needs/wants(after signing a purchase contract). If and when they close on a property that I have given them this information on, according to the contract, I collect a fee.

Assignable contracts are really the next step up from birddogging. on the REI progression Ladder. Is that a little more clear?