Loan questions

[Timothy Trewin]

Greetings all,

I just had a question in regards to loan types and I wanted to see what others tended to use when they started out. I can't do a VA loan as I used it for my house that is currently rented out in Colorado and on the house I currently live in here in Tennessee. Considering I have a family and just moved in to my house I would assume that FHA/Homepath would be out of the question for me. I am trying to get into my first multi family property. I was reading a book on investing in real estate (The Unofficial Guide to Real Estate Investing)and I just finished the chapter on funding sources and the book mentioned three types of conventional loans (my most likely source of funding), fixed rate loans, no-neg ARM, and neg-am ARM. I assume others have used these types of loans before. What I wanted to know is what have others used and why? I know what the book says, but I wanted to see what others have done to success in the real world. Hopefully this message makes sense and I do appreciate the advice.

Timothy