How to Find Wholesale Properties As "Bird Dog" or Investor, As a real estate investor or as a 'bird dog" what kind of property should you look for? Obviously you need to look for that wholesale deal, but what really makes up a wholesale deal? What kind of wholesale property do you need to look for? The anatomy of a wholesale deal is made up of the following; distressed property, or distressed seller, or both. In any case owning the property is a big problem for the seller so he/she will discount it to get it sold quickly.