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Thanks. I will look more intot that.

This is for people who who have bad credit and cannot get a mortage on their own right?

can you give me a "rent to own" scenario, say the house was 120,000 with a monthly mortgage of $900. What would that play like?

What is the minimum monthly profit you look for in a rental property?
I am looking for $400 a month on a duplex, is that reasonable?
What other ways can you benifit from a rental property?

Okay, I have heard of that. How do you pay it back in terms of payment amount? Just like a credit card?

When applying for another mortgage does it look the same if I have a 150k mortgage or 120k mortgage and 30k owed in a HELOC?

Thanks for your help, I feel like I am learning alot here already.

How does a HELOC work? Is it a loan where I pay only interest but have to pay the full mortgage off by a certain date?

Thank you. I have done alot of research but I know that nothing can really prepare you for something you have never done before.
It is something that I really want to do. I appreciate any help you have given and will give in the future.

How many calls did you get like that in a years time?

I am looking for books that will walk me step by step through investing in rental properties. I have read a few on the matter but they are not what I am looking for. I am specifally looking for a book that will tell me my options on obtaining a down payment or even if I should put money down at all. Also, about remortgaging and taking home equity loans to put down payments on other properties.
Thanks

I am buying a house for way under value in 2 months. I was going to remortage and cash out in a few years and put 25K down on a duplex. Someone told me that it is very hard to get a mortgage if you took out a home equity loan (remortage in my case) for your down payment. Is this true?

I wanted to roll the down payment over by taking out a home equity loan on the duplex and buying another duplex. I wanted to maximize the profit on the duplex before purchasing the next one. Then start the cycle over again.

Is there a better way to do this? What about using cash from a remortgage for a dawn payment? Someone siad it looks bad if you remortgage for a down payment.
thanks
Steve

I would actually remortgage. I am not sure if that is the same has a home equity loan. But I intend on remortgaging and having my monthly debt at $1100 mortage+$100 Credit Cards. I have no other debts. This sounds acceptable to me but I know nothing and would apprectiate help.