Followed by a phone call to my agent with frustration; his reply was “ Oops!

She can afford her payments now.

But after reading the newspaper every day for the past two years, I personally don't think it's such a hot idea to help qualify people for homes they can't afford.

Thats pretty much the max of what I can afford so im looking to put the closing costs in the mortgage.I bought a home in Houston, Tx in 2005 and sold it in July of 06.

Assuming you qualify, which is to say you have enough income and not too much debt so you can afford the new loan, and the property qualifies, meaning the amount of the new loan is less than typically 90% of the value, you'll be able to find someone to give you a new loan.

My ad explains that I am looking for people behind on payments, facing foreclosure, fixer uppers they can't afford to maintain, etc...However these sellers did not seem real motivated at all.

I'm eager to learn more and get started investing but I couldn't afford the advanced classes to find out what to do next.I don't own any properties except my own house and have never looked at investing before.

Why do you feel that you will no longer be able to afford the payments?

Luckily, at our ages we don't have that much to lose and we can afford to take risks.

Mostly because properties are more affordable for me, and these areas appear to have weathered the real estate slump fairly well.My goals are to purchase rentals for the long term.