If you are an experienced Real Estate Bird Dog you need to know the different types of investment property mortgage rates available to you and/or the real estate investors you are birddogging for.

According to many financial experts, investing in real estate is one of the safest decisions that you may take. You may flip a house by renovating it and then sell it off in order to earn some amount of profit. You can also make investments in the development properties when the prices of the properties are comparatively lower. Another alternative is to buy a property and lease purchase it to your tenants. You can take the help of a home mortgage calculator in order to calculate your affordability. Whichever option you may choose, make sure that you may be able to take advantage of the best investment property mortgage rate.

Thus, in order to make investment in the real estate market, you will have to find out a good mortgage rate. For this, it is very important that you understand what an investment property mortgage actually is. An investment property is a real estate home or building that does not belong to you that you want to make money off of. The mortgage is the loan that is taken out on a property which you need to pay off within a definite time period.

3 Types of investment property mortgage rates

Go through this article to know about the 3 types of investment property mortgage rates.

Fixed rate mortgage – This type of mortgage loan is considered to be the most suitable one for the first time home buyers. In this type of mortgage loan, the interest rate remains same throughout the entire loan repayment period. As such, the monthly payments that you need to pay against the loan amount will also remain fixed. By taking the help of a home mortgage calculator, you can calculate the exact amount that you will have to pay every month and thus you may keep this amount at a side. This type of investment property mortgage rate is considered to be risk free since the rate of interest is low.

Adjustable rate mortgage – This mortgage loan is a sort of risky deal for the borrower. The interest rate in an adjustable rate mortgage loan remains low at the initial stage which tempts the borrower to take out this loan. You need to know that the rate of interest can increase anytime since it entirely depends upon the market rate. Then you will have to pay high interest rate on your loan amount. It is important that you make yourself aware about the drawbacks of this type of investment property mortgage rate before you decide to take out one.

Balloon mortgage – This type of mortgage loan is based on amortization schedule which means that you will either have to repay the mortgage loan or you may reset the mortgage after each term. This term can be of five or seven years. This type of investment allows you to make low payments but it will be useless to apply for it in case you think that you will not be able to pay off the loan amount at the end of the loan term period.

Your income and credit history plays a very important role in investment property mortgage rate that is offered by the financial institution. You need to know that the higher your credit score will be, the better options you will get to take out a mortgage loan. However, if your credit score is bad, you need to take the necessary steps so that you can improve your credit score and become credit worthy. With fixed income, you will find varied investment property opportunities in the real estate market from where you can choose the most suitable one for yourself.

If you really want to take control of a house by owning it, but you do not qualify for a mortgage, then line up an investment partner that can qualify for a loan.  Being a real estate bird dog or wholesaler means that you need to be flexible and think outside the bos.

Lucas just sent me the following email asking me the following about real estate bird dogging and finding investors…..

“How can I become a property locator in Mississippi? I have found a business property in my county. I am looking
for an investor.”

My answer is in the following post that I have previously published:

http://www.realestatebirddogs.net/real-estate-bird-dogs-need-investors-training-lesson-21/

At this point, you have already overcome 2 huge hurdles where most investors make their mistakes.  It often takes most investors 2-5 years to get to where you are right now after just 2 exercises.  This is how powerful these exercises can be.  If you are not comfortable, I strongly recommend you repeat exercise 1 and 2 many times.  I myself did each 3 times and can think of 10 items I would like to upgrade in my home perfect for the exercises.  So by all means, repeat these exercises as much as you can.

So far, you have bought right, sold right and have experience in negotiating, marketing to motivated seller lists with a good message, marketing to buyers, auctions, backup plans, etc.  There is a 3rd area where many investors make mistakes and that is they do not have a plan.  Not having a plan is planning to fail.  In this exercise you will begin to focus on one strategy and become a master.  The result will be a business plan.

Create a business plan with at minimum answers to these items.  Details, pictures, charts and graphs are very helpful as most people are visual.  Also, investors will likely just skim it and read the mission and strategy at the beginning which should be a captivating summary.

Mission Statement – When people ask you what you do, what do you tell them?  This is your purpose for existence and includes the benefit you provide.  Research and come up with a solid mission statement.

Strategy – Pick one strategy and become a master.  Focus all of you efforts on perfection and automate a system that runs your strategy whether you are there or not.

Market – Define your market.  Many are only comfortable with their local market.  Me on the other hand, I did tons of research to identify markets with great returns and ability to mitigate risk.  Now I focus on one state where I can cherry pick from incredible LTVs and rent to purchase ratios.

Criteria – Define your LTV, cash flow, max purchase amount, max rehab amount, max time frame, etc.  Stick to your criteria, walk away from any deal that does not meet your criteria.  If you are not finding enough deals to cherry pick from, change your market and/or strategy.

How to find deals, marketing plan – How are you going to automate a system so motivated sellers come to you?  MLS, agents, online searches, direct mail to lists, other?  This is the 2nd biggest mistake, investors do not find good enough deals and it all comes down to marketing and persistence with their marketing plan.

How to finance deals – Are you using conventional, hard money, private money, equity or JV partners, seller financing, lease options, other?  This is often a challenge in today’s market and private money is a tremendous solution.  Learn to generate private money!

How to do deals – How are you going to turn a purchase of a property into profit?  Clearly define the steps.  Repairs, rent, management, implementation of exit strategies, etc.

Exit strategies, Backup Plans – One of the most important sections, especially to investors.  How are you going to exit the deal?  What are your backup plans as it is wise to have multiple exit strategies?  Do you flip, lease option, wholesale, bird dog, sell the note, sell the entity holding title, rent and hold, other?

Team & Systems – Clearly define your team and systems used to delegate and automate tasks.  A true entrepreneur will step away from the daily processes and the business will run whether you are there or not.

Illustrate example deals – Illustrate LTV, cash flow numbers and cash on cash return for example deals.  Include images of properties and show your successful track record here if possible.

Financials – Include financials for the timeframe of your strategy.

Real Return Real Estate™ for years has bought property at extreme discounts, sells and rents with tremendous cash flow. We also provide FREE tips, articles, guides and Educational Webinars.  Visit our site http://www.realreturnrealestate.com for all the helpful resources.

http://www.realreturnrealestate.com
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What is a Cyber Bird Dog?

CyberBirdDog is a real estate investment training program that teaches you how to make money in real estate by starting out as a bird dog, aka property locator or property scout. It is definitely a legitimate product and is not a scam.  It is for real.

To start, you get a 52 page ebook that literally shares with you the steps and guides you through the BirdDogging process step by step.

As you find properties, using their coaching methods, you enter them into an online back-office.  You get paid when you refer them and an investor picks them up.

Bird Dogging can be a great side income and can become a full time income as you develop your skills.

You get a complete Real Estate Bird Dogging Training with Your Subscription to CyberBirdDog.

You can get two fully functional cash generating websites that work for YOU to generate leads and find properties.

It also comes with a Free Bird Dog Certification Program.

Cyber Bird Dog comes with a 60 day surefire refund period. So it is totally RISK FREE to you!  They also have a 7 Day Trial period for on $4.95 which is pretty amazing.

Cyber Bird Dog has a large number of verifiable testimonials from happy users submitted on their website. These are testimonials from past clients who have taken the time and energy to mail in a testimonial, so looking at their views is often well worthwhile.

Is it worth purchasing? With a 60 Day money back guarantee (through ClickBank), you have everything to gain and absolutely nothing to lose.

To start your Property Locating venture off correctly you need to realize the progression that you can go through as you gain more experience as a Real Estate Bird Dog.

There are three graduated levels of Bird Dogging:

1. Locating -

These Bird Dogs search for and find properties, providing investors with basic property information.  For example, an investor may want the addresses of all vacant, single family homes in a given area. Read the rest of this entry

You don’t have to quit your day job to become a “Real Estate Property Locator“, aka “Real Estate Bird Dog“; in fact, we don’t even recommend it!  When you start out it is mostly an investment of your spare time.

You will be doing some of your work from home doing much of your research on-line, you will be spending time on the phone, and you will spend some time physically looking for properties that real estate investors will want.  Any one can become a Property Locator – there are no specifications, special qualifications, education requirements or any experience required. You can be any age, race, or gender, live anywhere and currently hold any occupation; it doesn’t matter! Read the rest of this entry