Want to be a Real Estate Investor? or Do you just want money for referrals?

Our company TRAINS and MENTORS BOTH.

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Bird Dog: You are just looking for a few extra GRAND per month, we will mentor and train you to find deals that we will work on. A sample of what we would be looking for is a homeowner that is upside-down on their home loan, has an adjustable rate and can't make ends meet after the adjustment, huge junior loan(s) and they can't afford to make mortgage payments. If you find these situations, we will teach you how to evaluate them for our business model and you can get PAID. WE WELCOME Realtors^®, and Real Estate Brokers and have special deals for you and your office.

Real Estate Investor Mentor-ship: If you are looking to get in to real estate investing, there is NO BETTER PLACE or TIME in history to get started. Our company is nationwide and we help mentor people to invest in themselves so you can retire at ANY AGE.

Our Rules
1. Treat this like a real business: This means you may have to make an investment in your business in order to make money. If you want to earn a $2000 - $3000 (or more) referral fee you had better do the leg work required for us to quickly evaluate your deal. Having a business license would help to legitimize your EXPENSES and write them off, when it comes time to do your taxes. ALL OUR Bird Dogs are 1099's employees.
2. Scheduling and accountability go hand in hand: Keep your daily schedule in a place observable by everyone all the time.
3. Identify the required priorities that necessary to achieve your goals
   Ask yourself:
   1) "What do I have to do every day to achieve my goals?" and,
   2) "What obstacles are hindering my success?"
   3) "If not now, when will I change my life?"
4. Don’t let anything interfere with your prospecting: Nothing should interfere with your prospecting. Lead generation is a critical part of everyday and nothing would interrupt or delay a listing appointment. The same attitude needs to adopted towards prospecting home owners in need of our services.
5. 3-day workshop: Mandatory, this is a $1695 investment in yourself, your business and your SUCCESS. This investment in yourself is personal video training by a gentleman that is worth over $500 million dollars and has build MANY businesses. His video series is a MUST if you are to be an entrepreneur and a business owner. If you are serious about becoming a Real Estate Investor or even a competent Bird Dog, you will know that $1695 is pennies compared to what you can and will make. (keep in mind this investment is NOW Tax Deductible, along with your marketing efforts and mileage, GREAT way to lower your taxes) We have for you a FREE Webinar, use the form to the left to request a day for viewing. (coming soon, as well as a demo of the video series)
6. You need to be able to estimate repairs accurately, (within 20%, preferably less). If you can't, then how will you know if a deal IS a deal? We have a subscription online tool for you to use, if you are interested.
7. You need to know how to "COMP" a deal. This does not mean that you grab the other For Sale listings in the neighborhood and call those prices "COMPs". It means you will need to use our tools and forms or proven equivalent, the MyIOV or other service to see what the recent SOLD Comps in the subdivision are and what is the average Days On Market(DOM). [You must understand that there are many levels of Comps, our Comps will most closely resemble an appraisal] We will show you our preferred method and acceptable package after signing a Non-Disclosure and Non-Compete agreement.
   

   FOR EXAMPLE, often we prefer you use the Lowest or Average selling price per square foot when you estimate the selling price to see if there is enough room in the deal for everyone. Please don't use the top end as "Real" we will want to sell the property fast, at a discount (usually 15%-20% below AFMV). Often we are using leverage money, which have a cost basis. That means we will look at the potential selling price based upon the Low to Avg Selling price of the "COMPs".

8. You must understand how Holding Cost affect a deal: If we are buying the house for $100,000 plus your $2500 assignment fee + $7500 in repairs that means we may be leveraging up to $110,000 from our investor pool. At 14% Annual Interest that house costs us $1283.33 every month we own it. This is why the DOM is so important for you to know when you are evaluating a deal. You need to know that if the Avg. DOM is 90 days....we will need to spend $3850 in leverage fees (using the above example). That amount needs to be calculated in the deal.
9. Understand your goals: A Referral or Assigning your contract to PWR Enterprises, LLC., and not to someone who is going to flip it again. If it gets flipped again the odds are good that the deal will not close and you have wasted your time. We have spent lots of time talking to 'shopping bird dogs', we won't work with you. However, since we have a large community staff, we may shop your 'find' for you among our community. We usually have an answer in 24-36hours, IF, your package is put together correctly. If it is missing information, it may take up to 72 hours for us to 'shop' your 'find'.
10. Use our contracts. WHY? Because we will probably need to leverage the funds to purchase/repair the property and our funding sources will want to see a bonafide Real Estate contract. NOT to mention you signed a NDA, so why not use our contracts?
11. OPTION, but highly recommended: Personal Development, most think this is silly, but if you are to make series money, you need to know how to read people and communicate very well, especially to know how to solve their problems. In doing this, you will become very wealthly.

   Treat this like a business and don't try to assign something that no one wants to close on. We have spoken to many fellow investors (in our community) that can and do actually close on deals every day/week/month. They agree that if you you want us to pay you $2000 - $3000 dollars for finding a deal then we want you to only bring us deals worth looking at, otherwise we have both wasted our time. All we are asking of you is that you spend an hour or less doing your "Due Diligence" before you put a contract on a house that you want to later assign. After the property is on contract, our out clauses allow you to spend up to 72hours, possibly even more, focusing on extreme "COMPs" and deeper "Due Diligence". Knowing how to eyeball a deal, is an art form we will teach you. It will take time to master.

A Typical Deal By The Numbers

1. Based on selling it fast and based on the low to avg selling price/sqft
2. Title work, Dwelling Ins., Loan Fees & assignment fees
3. Listing with someone online for 3% plus $500, Closing costs, etc.

FYI: Max Hard Money Loan = $105,000 based on a max of 70% ARV

This is how we and many investors look at a deal;
Max Selling Price¹: $150,000.00
Acquisition Cost²: - $7,500.00
Repairs (estimated) : - $9,000.00
Four month Average. Hold Cost : -$4,900.00
Min Profit (15%) : - $22,500.00
Misc expenses (5%) : - $7,500.00
Cost to Sell (5%)³: - $7,500.00
Max Purchase Price : $91,100.00
Additional (Not covered by loan) expenses : $7,500.00

If you are not doing this math on every deal you are considering putting under contract, then you are not earning your assignment fee. This is a business. Like every business you are only paid when you sell your product or service. Make sure you sell every one of your deals by only doing deals that can be bought by a real investor.
* this example is a simple illustration only

   We don't want to insult anyone or hurt anyone's feelings. You may not agree with what we have said. But believe us when we tell you, if you want to sell a deal to us or 99% of the other investors that can close...you will need to keep what we have said in mind. We do similar math on EVERY deal we look at buying...if it doesn't work...WE WALK!

Possible ISSUES:

   We understand that Bird Dogs are getting frustrated with the current state of the Real Estate investment market in all areas around the country as well as many new investors are. We understand that many of you are professionals or learning to be professionals, who take the time to look at a deal from the perspective of the investor and only put a contract on a house that has enough room, after your assignment fee, repairs, holding costs and selling costs.

AN EXAMPLE: A typical rehabber will want to make a decent profit, typically 15 - 20% of sales price.

   Once you get good at what you are doing and very familiar with our methods of investing, you will write contracts daily and THEN do your "Full Due Diligence" only after they are on contract. YOU will be comfortable in doing so and NOT miss a potential great deal!

   We also realize that many Real Estate Bird Dogs are have been frustrated in the past with their previous investor clients.

AN EXAMPLE: You assigned a good contract to the previous investor/rehabber who tells you they can close, who then turns around and then assigned your contract to someone else who may or may not be able to close.

This process (or BS as we call it) takes the profit out of the deal so that if it ever is shown to an investor...there is nothing left in it for them... no one closes, you don't get paid, and you wasted your time, money and energy.

   We are different, we have community standards. We work closely in our community, our standards are their standards. If we say the deal is a Turkey, it probably is and our community will 9 out of 10 times usually agree. However if we don't have the time to do it, we will pass your deal to our community, if it initially looks good, and it will be picked up by one of our constituents. Our consistency is your bread and butter. Our CUT from your profit if we shop your deal in our community is only 1/2 of a point. Rarely, if ever, do we take your deal outside our community. If we have to, we give you some good lead places to go shop it, hopefully that never happens though.

   Another problem that we see happening all too often is that there are new Birddogs, who don't have a good understanding of this business yet, and are out-bidding the "Pro Bird Dogs" for the property without taking into account all of the cost associated with rehabbing/selling the property. What could have been a good deal for all, ends up either not closing, because the funding source will not fund enough or an investor will pass on it for the same reasons listed in the preceding paragraphs. NO PROFIT!

   So we want to give the NEW Bird Dogs and those "Pro Bird Dogs" a better opportunity to make money. WHY keep getting frustrated because your contracts are not closing? See how we do things differently and SOON you will be happy with a full pipeline and quickly have money every month from GOOD DEALs Closing.

Definitions:

   A "Bird-Dog" is someone who identifies a GOOD Real Estate investment opportunity and places the property under contract with the sole intent of assigning that contract, for a fee, to a person or company with the means to do Short Sales, Whole Selling, or Rehabilitation, for the purposes of reselling below fair market value (FMV).

"Referral Fee": can only be paid to a person who is licensed with the DRE (Department of Real Estate)

Other Technicalities: Under RESPA (Real Estate Settlement Procedure Act), a real estate agent engaged in a residential transaction for one to four units with a federally related mortgage loan is generally prohibited from paying a referral fee to an unlicensed person.
However, a real estate agent may give a non licensed person a small token of appreciation. There must be no prior agreement that the referring party would receive that token gift in exchange for the referral.
It is also noteworthy that RESPA does not prohibit a real estate agent from giving a commission rebate back to his client.

   For the simplicity of discussion, we pay a "Finders/Apprenticeship Incentive Bonus" to people we have specifically trained and ARE in our apprenticeship program. For the sake of simplicity, we will USE the TERM "Bird Dogs" as it is a fun play on words and more fitting to the actual physical work done by our apprentices.