Comments on: House Flip Story: Kipling Pkwy – Update 1 http://craigfuhr.com/house-flip-story-kipling-pkwy-%e2%80%93-update-1/ Real Estate Investing Maryland | Craig Fuhr Coaching Wed, 28 Jul 2010 12:32:01 -0400 http://wordpress.org/?v=2.9.2 hourly 1 By: Craig http://craigfuhr.com/house-flip-story-kipling-pkwy-%e2%80%93-update-1/comment-page-1/#comment-2144 Craig Sat, 09 Jan 2010 12:35:57 +0000 http://craigfuhr.com/?p=564#comment-2144 Rozlynn - First - thanks for posting. I love when people comment. A wholesaler is someone who actually signs a contract to buy an ugly house then flips that contract to an investor like me. A bird-dog is someone who goes out finds a deal, does some research, then refers the deal and all its details to a guy like me. See the difference? A wholesaler has skin in the game. They sign a contract, put up a deposit - and commit to buying the house even if they can't assign the contract. A bird-dog has no skin in the game. Fact is, I pay wholesalers and bird-dogs pretty hefty fees. I paid a wholesaler $2500 last month. All she did was pick up the phone and call me with what she thought was a deal. I did all the rest. $2500! Hope this helps. In a word...it all about finding deals! Rozlynn –

First – thanks for posting. I love when people comment.

A wholesaler is someone who actually signs a contract to buy an ugly house then flips that contract to an investor like me. A bird-dog is someone who goes out finds a deal, does some research, then refers the deal and all its details to a guy like me.

See the difference? A wholesaler has skin in the game. They sign a contract, put up a deposit – and commit to buying the house even if they can’t assign the contract. A bird-dog has no skin in the game.

Fact is, I pay wholesalers and bird-dogs pretty hefty fees. I paid a wholesaler $2500 last month. All she did was pick up the phone and call me with what she thought was a deal. I did all the rest. $2500!

Hope this helps. In a word…it all about finding deals!

]]> By: Rozlynn http://craigfuhr.com/house-flip-story-kipling-pkwy-%e2%80%93-update-1/comment-page-1/#comment-2215 Rozlynn Fri, 08 Jan 2010 01:43:09 +0000 http://craigfuhr.com/?p=564#comment-2215 Craig, Who is considered a "wholesaler" to you? When you say wholesaler do you mean a person who owns a "we buy ugly homes" franchise? OR, a professional "bird-dogger?" I live in Norfolk, VA and am interested in making any contacts that can help me get started, I just do not know who I can trust at this point in the game...ie who is my competition and who can be a mentor. Real Estate research (finding awesome deals) just thrills me and I want to focus this into a business. Thank you! Craig, Who is considered a “wholesaler” to you? When you say wholesaler do you mean a person who owns a “we buy ugly homes” franchise? OR, a professional “bird-dogger?” I live in Norfolk, VA and am interested in making any contacts that can help me get started, I just do not know who I can trust at this point in the game…ie who is my competition and who can be a mentor. Real Estate research (finding awesome deals) just thrills me and I want to focus this into a business. Thank you!

]]> By: Rozlynn http://craigfuhr.com/house-flip-story-kipling-pkwy-%e2%80%93-update-1/comment-page-1/#comment-2142 Rozlynn Fri, 08 Jan 2010 00:43:09 +0000 http://craigfuhr.com/?p=564#comment-2142 Craig, Who is considered a "wholesaler" to you? When you say wholesaler do you mean a person who owns a "we buy ugly homes" franchise? OR, a professional "bird-dogger?" I live in Norfolk, VA and am interested in making any contacts that can help me get started, I just do not know who I can trust at this point in the game...ie who is my competition and who can be a mentor. Real Estate research (finding awesome deals) just thrills me and I want to focus this into a business. Thank you! Craig, Who is considered a “wholesaler” to you? When you say wholesaler do you mean a person who owns a “we buy ugly homes” franchise? OR, a professional “bird-dogger?” I live in Norfolk, VA and am interested in making any contacts that can help me get started, I just do not know who I can trust at this point in the game…ie who is my competition and who can be a mentor. Real Estate research (finding awesome deals) just thrills me and I want to focus this into a business. Thank you!

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