I think the shorter mortgage is a good trade off for a cash flow that is a little low.

In other news, I hear that Kobe is about to be traded to the Bulls and that AROD has opted out of his contract with the Yankees, and wants to be paid less but will take part ownership from whomever the new owner of the Cubs are, in order to come play for Lou P again here in Chicago.

We have rented out the home since purchase and would like to trade up for another rental.

My partner is a builder with 40+ years in the trade.

I have never specifically used options to tie up real estate, but have traded stock options and thought I would throw in my .02 cents on risk.Any option is simply a contract between two parties where one party pays a monetary amount up front (premium) for the right, but not the obligation, to purchase some asset at a set price over a specified time frame.

Through our vast networks we do a lot of financing deals, buy/sell side of hotels/casinos/bulk REO, import export, trading commodities, and entertainment.

Fresh air in the Rocky Mountain High---good for you...Trade in the second car for two snowmobiles, you'll need'em...

Little did they know that in another 2 years JDSU would be trading at $1.

I waxed poetic about being 'retired' by now-- having 'systems' in place to do all the cr*p I basically have to do day in and day out.I traded my 9 to 5 for a 7 to 7 because I LOVE it, but my wife likes to needle me about my grand ambitions and wonderful plans for freedom and so we've sort of dubbed the phrase 'fool time' investor as a play on 'full time'.

This has a lot to do why people who really do deals involving securities (and some form of MTN trading) will never post here on BP or other public forums.John Corey