Want to learn how to make money flipping houses? The fastest and easiest way to learn is to follow the path of an investor that already knows the basics of house flipping. That sounds like c is ommon sense but many people choose to take the hard route.
This is especially true today with the internet. It’s possible to get great training for little to no money and still learn enough to walk you through the basics steps of flipping a house.
If you want to start on the very ground floor and generate some cash as you learn, you can become what is known as a bird-dog. A bird-dogger is someone who locates undervalued properties for a set fee and then gets paid by an investor for finding these properties.
The benefits to being a bird dog is that you can get paid quickly and you don’t have to worry about repairing the properties, selling them later, or looking for renters. Another great plus is that you can build up your contact list of bonafide investors and that becomes very valuable should you decide to become a wholesaler later.
The major downside to being a bird-dog is that you don’t make as much money as you would as a wholesale investor or long term owner. Fees can range from $250 up to $1500 on average. On the other hand, if you put the house under contract and flip it to an investor, you could easily make ten times those amounts or more.
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