As i thought DD isnt licensed to offer such service in Qld.
That’s why it so important to deal with someone who is qualified.
Across the miles i must confess in my correspondance with Westan in NZ I have always found him to be extremely knowledgable and professional. And Yes that’s a recommendation.
richard at fhog.com.au
There is no such thing as a problem.
Just a solution waiting to be foundCastleDreamerParticipant@castledreamerJoin Date: 2003Post Count: 288
Yep, Westan is certainly ethical, professional and down right honest as a property spotter. I would recommend him as well.
“+CF properties in NZ available now, email CastleDreamer or Minimogul”Michael_CMember@michael_cJoin Date: 2004Post Count: 32
Hate to be the bearer of bad news.
To be a licensed salesperson operating under someone elses Real Estate License means you act on behalf of the vendor not the buyer.
You need to be a licensed Buyers Agent which involves being licensed through the OFT. Posted by qld007.
To be a buyers agent I believed that the salesperson certifcate was fine to be used as a buyers agent. As long as you are under a “buyers agency – license”. As these are how many operators work within Brisbane – I could be mistaken though.
Thanks for the update.
I am guessing it would be alot easier though if you got your full license.Tigerbob_2Member@tigerbob_2Join Date: 2004Post Count: 20
I am new to this forum and am now looking for properties. I am not quite up to that part of the book ($1,000,000 ……) which discusses Bird Dogs. But I too would like to talk to licensed bird dogs in Northern NSW and QLD as I am based in Vic. What wonderful timesavers these people could be just as so long as they are ethical and knowledgable.MiniMogulParticipant@minimogulJoin Date: 2002Post Count: 1,414
I can also recommend DD as a spotter in Queensland. He is a legendary investor in his own right, and I have been privileged to spend the day with DD and his investing partner, where we compared notes on spotting, deals, and so on!
I can also confirm that he is a qualified financial advisor, extremely knowledgeable about the areas he spots in, and very nice.
Yes, there will always be people who say ‘that can’t be done here’ when you are proving that it can, by doing it, but hey – it happened to Kiyosaki too – it is mainly said out of ignorance, fear or greed.
“What has interested me is that there are people out there known as Bird Dogs who source property for you. This sounds awesome!”
Yes, it is truly awesome, if I do say so myself. hehe!
difficult question: “Firstly, how do you find a bird dog (especially one that sticks to Steve’s rules, eg. the 11 second rule)?”
word of mouth! I recommend Westan and DD. I’d recommend Castle Dreamer, but she’s my business partner, so that would be weird!
“Thirdly, Are companies that advertise in magazines (ie property investor), rorts or are they genuine companies that really do find cashflow positive property?”
I know richmastery are genuine, however they are extremely expensive and we have a few clients that have used them and said the service was shocking, but that the information was good.
Basically, any bird dog that supplies a valuation or builder’s report is going to charge you double for it in their fee. Also I am slightly iffy about bird dogs getting valuations prior to getting a client a deal. There is no guarantee that the bird dog has not ‘influenced’ the valuer to come up with a figure that makes their deal easier to sell. “20 percent under valuation!”
There is a potential window of opportunity for dodginess there. “Loads of business for you, Mr and Mrs Valuer, provided we can get a good working relationship.”
Am I cynical? Perhaps.
“For example, Cameron Bird.”
I would personally stay away from highly marketed glossy brochure investments, as the person that’s making the money is the one who paid for the brochure, in my humble opinion.
NZ Investor and Bird DogDDMember@ddJoin Date: 2004Post Count: 508
Thanks to all here that have recommended me as a “birddog” or “Buyers Agent”. It is so hard to find any qualification that actually covers all aspects of how we help others invest. The best recommendation I have had was to complete the PS146 ASIC certified Financial Planning Course which I am pleased to say I finished in December.
It is the only nationally accepted qualification that allows me scope to help people in all states of Australia. I research deals in only a few areas and like Minimogul and Castledreamer dont do it all alone. I have agents, solicitors, brokers, building and pest inspectors, depreciation specialists and tradespeople in each state I deal in to supply information and assistance to my clients as required.
I have had a personally quiet investing year in 2004 as my wife and I have purchased our dream home and have reschuffed our portfolio to pay down our PPOR before investing heavily again.
As most of our success is due to dealing with professionals at every stage I agree that specialist information and services are essential to succesful property investing.
I dont know everything nor do I profess to. What I do know is what works and what doesn’t. Thank you to those few that question the right we all have to help others as to me it only reinforces my belief that I operate ethically and fairly with all.
Again special thanks to Foston and Minimogul for their kind words of recommendation, and I am always available for a chat at any time.
PS146 Certified Financial Planner
Don’t sweat the small stuff,and it’s all small stuff!!mhugoMember@mhugoJoin Date: 2004Post Count: 9
Hi guys, I too am interested in contacting someone in the Nth Island of NZ to birddog as you call it. I lived in Wanganui for 14 years, but have been back in Aus since 1991. Any contact addresses would be appreciated.thornbird8191Member@thornbird8191Join Date: 2003Post Count: 9
What is the normla spotter’s fees? Is it a Percentage of the purchase price, a fixed amount, or ??? Can people who have used Bird Dogs give me an idea? many thanksplpropertyMember@plpropertyJoin Date: 2005Post Count: 50MiniMogulParticipant@minimogulJoin Date: 2002Post Count: 1,414
Just to answer some questions, the best way to check us out and what we do is to join our mailing list. Our information sheet is practically a seminar in itself (so they tell me!) and it doesn’t cost anything unless you take a deal. As you can imagine the cheaper the deal or the higher the yield the more people want it, so some of them go incredibly quickly. The reason being that a lot of the people that have seen the deals come and go develop trust in what we are doing, they might be on the list a while, and start off with no idea as to whether our deals are good or not. then for example let’s say that we bird dogged a ten percent yielding house in wanganui with a subdividable section, and they try and find something that good themselves and can’t, they might retrospectively see that our deals are good and therefore gain the confidence to act quickly and actually get one after a while. it’s a beautiful thing actually, people join the list as an ’email address’ and somewhere along the line they become people I email back and forth, then clients, then friends, and sometimes even business or joint venture partners!
it’s all very organic and we’ve never run an ad in our lives, apart from talking about what we do here. but as always it’s in response to questions, we only exist because people approached me to try and find them deals, Isaid yes, and suddenly I had a waiting list and needed some help! Which grew into a proper business that feeds about 5 or 6 spotters now, at least part of the time, and which is still growing!
A lot of goodwill out there and we couldn’t do it without it, wouldn’t be here without it.
OK, our prices, $2500 for the cheapie deals, $3000 for multi unit i,e. duplexes and so on.
A little more sometimes for the deals over 200k. Most popular are deals under 100k.
We have everything from 43k houses with 13.5 yields 1/2 an hour out of a major city, to brand new 10 percent cashflow townhouses complete with depreciation schedules in the CBD of Christchurch, but as you can imagine, one is ten times the price of the other! And quit a few in between too.
email me if you want to join the list with an email address that is preferably not yahoo or hotmail, as they tend to bounce.
and yeah we all have a website now!
and for Queensland, yep, DD, without a doubt, he’s fabulous. And if you want qualifications, just call him up, and he’ll tell you about his investing history. And you’ll say ‘ wow, I wanna get me some of THAT!’
MiniluanMember@luanJoin Date: 2005Post Count: 6
I am a person who would be interested in a bird dog for South Australia. Cashed up but with little experience (other than buying my home) [glum2]. Wouldn’t mind using someone’s experience for my first few properties. Please contact via email or mobile number under my profile. Thanks.voigtstrMember@voigtstrJoin Date: 2005Post Count: 176HisChildMember@hischildJoin Date: 2005Post Count: 3
Great Question. If I take more than a week off and fail to find a suitable deal, I have wasted $3000, so it may be best for me to go this way as well, although I would still be looking at weekends and holidays to develop the skills myself.
I will be watching for answers.
sebakerJasonKMember@jasonkJoin Date: 2002Post Count: 29
you don’t need a license to find deals….if i found a great deal and told you about it and you bought it, then i’d want the fee in exchange for the work i did..only after you bought it would i ask for the fee….looking, finding and analysing doesn’t require a license..i’m not buying it, i’m only analysing it and letting you know..after all noone can find all the deals themselves..and if i lock up the property with an option for a period of time and assign the contract to you for a fee because you like the deal after you’ve analysed the deal yourself with all the facts and I make the deal conditional that I present all the facts to you with no hidden surprises, then if you agree or like the deal that’s up to you…
Don’t now what State you are in dumpy but in Qld you certainly would need to be licensed accoridngly to the OFT
In fact if you sold more than 6 properties a year using a Call Option or through your own efforts and you owned or had the rights to own the property (i.e An option) you would require a Property Developers License.
Specialising in US & IP finance.grossrealisationMember@grossrealisationJoin Date: 2005Post Count: 1,031
What is a Property Developers License and what does it allow you to develop never heard of it before and I have a couple of sydney developers who wouldn’t have it.
some are not sophisticated investor or developers
here to helpNigel KibelParticipant@nigel-kibelJoin Date: 2005Post Count: 1,425
I am a property researcher and have also been assisting clients with property in New Zealand. I still think Christchurch is a great place to purchase. I only buy properties once I have inspected them,. I also have a number of people on the ground such as property managers, ac<edited>ants building inspectors I use to double check my own thoughts. Always make sure that whoever you use inspects the property.
Australian and New Zealand The United States Property Researcher and education
One Day property investment research workshop The United States. Please register your interestDDMember@ddJoin Date: 2004Post Count: 508
Wow, thought this was a new thread. Oops!! Well the main areas I assist people are in Qld southern regions, Rockhampton, Gladston and Cairns whilst the Tassie market I mainly concentrate on Launceston and Burnie on the north Coast. I have a few new sources of info for west coast mining and whats yet to come with that so its all a bit interesting.
For those still guessing, the Logan Central area had a 9% growth for units and townhouses in the last qtr alone. Hmmm, guess what Im looking at.
Buyers Agent (Dip Financial Services(FP)
Don’t sweat the small stuff,and it’s all small stuff!!
A Property Developers License is required under the Qld Property Agents & Motors Dealers Act 2001.
Residential & Commercial Finance Broker
Ph: 07 3720 1888