Bird dogging and wholesaling are two activities in real estate that while similar, have one very fundamental difference.
Bird dogging can be seen as a way to get into real estate, without having to put a lot of money down to do so. Bird doggers will investigate a market to find the best deals available, using resources such as foreclosure lists, auction lists, distressed property lists, and the MLS where available. Using a variety of formulas, they will determine what properties would make a good investment based on their current value, cost of repairs, and estimated value after the repairs are completed. They then forward these deals to real estate investors, and are paid. Their pay may be based on the referral to the deal, or at the closing of a deal. Normally they are paid more for “closed” deals than for referrals, but the pay day is usually a few hundred dollars on a closed deal.
