How To Make $5,000 A Month As A Teen
Are you looking for a way to make some extra money without needing any startup capital? If so, then becoming a real estate bird dog might be the perfect opportunity for you. Real estate investors are always on the lookout for properties to flip, and you can profit from this demand by simply scouting your own neighborhood for distressed properties. This article will guide you through the steps of becoming a successful real estate bird dog, earning $5,000 a month.
Step 1: Scouting for Distressed Properties
To start your real estate bird dog journey, you need to identify distressed properties in your neighborhood. These properties can be easily spotted by signs of neglect, such as old paint, broken glass, or unkempt lawns. Take note of the addresses of these properties in your personal notebook or on your smartphone. Recording accurate addresses is crucial for the next step.
Step 2: Connecting with Investors
Once you have compiled a list of distressed property addresses, it's time to reach out to potential buyers. Craigslist and Facebook are great platforms to find real estate investors near you. Search for keywords like "we buy houses" on Craigslist or join local real estate investment groups on Facebook. These platforms will provide you with a pool of interested investors in your area.
Contact the investors and offer to sell them the list of distressed property addresses you have gathered. Typically, investors are willing to pay anywhere from 1,000 per list. This is because, upon closing the deal on a property, they stand to make a significant profit ranging from 100,000 or more. By selling just 10 lists a month for 5,000 per month.
Keyword: Real Estate Bird Dog, Distressed Properties, Scouting, Craigslist, Facebook, Investors, Profit
Q: What is a real estate bird dog?
A: A real estate bird dog is someone who scouts for distressed properties and connects with real estate investors looking to buy these properties for flipping.
Q: How can I identify distressed properties?
A: Distressed properties can be recognized by signs of neglect, such as old paint, broken glass, or poorly maintained gardens or yards.
Q: Are there any upfront costs involved in becoming a real estate bird dog?
A: No, there are no upfront costs required to become a real estate bird dog. You simply need a means of recording addresses and access to platforms like Craigslist and Facebook.
Q: How much money can I make as a real estate bird dog?
A: The potential earnings as a real estate bird dog can vary depending on the number of lists you sell and the price per list. However, with just 10 lists sold at 5,000 per month.
Q: Are there any legal aspects to consider when selling property addresses?
A: It's essential to ensure that you are not violating any privacy laws or regulations when selling property addresses. Always respect homeowner privacy and follow local laws and regulations regarding the distribution of personal information.