What’s a bird dog in the world of real estate investing? It’s someone who looks for potential properties for you. Some of them are just friends, others are fellow investors who don’t want to invest in your niche and pass along deals, and others are real estate professionals.
I recently talked to a coworker’s daughter, who is just starting out in real estate. I think she was looking for clients, and was surprised when I started handing over business cards and telling her all about Hermit Haus Redevelopment. After I answered a few of her questions and explained the kind of properties we are looking for, she set off on her career, with our needs in the back of her mind.
At first glance, we were really excited. It looked as if there was a lot of room for our renovation and other costs and for us to still make a nice profit. But then Lee took a closer look—of course he did!—and our excitement faded to disappointment. Another one bites the dust!
But I’ll let Lee tell you more about that. He’s the numbers nerd.Hermann says please like and share!