This helps your debt / income ratio to purchase more properties and is generally a smart investing decision.- At this point ARMs should be avoided at all costs.- If you agree with me that interest rates are going to continue rising then you would be wise to leverage to the hilt now by using the highest LTV FIXED RATE loans you can find and re-investing your money into more investments.

The home owner may not have the money for payments, and poor credit preventing them from tapping into the last 20% of equity, but they could still sell their house.

Instead of making rational decisions, they wait things out hoping life will improve.

that's why you'll hear people talk about "wholesaling", foreclosures and such, because they're a given -usually - that they're below market value.and "motivated sellers" are those that are in pending divorce, family problems, money problems, investors who ran the property poorly, other "investors" on burn-out etc.

Yeah they are in it to make money and loan after loan...but I see alot of lenders closing shop too because they made bad loan decisions extending credit to borrowers who really were not ready for home ownership or being an investor.

Until you establish your direction, it could be very difficult to 1. stick with it and 2. make wise decisions in the first place.Does that make sense?

Best of luck in your decision.

When you think you've found someone you can work with, consider flying out there and spending the day looking at properties with him/her to further build confidence that you're making the right decision.

The sale will be held at the house to be auctioned and the home is in poor condition and will require extensive renovation (as noted in the auction announcement).

The speaker told us that Rich Dad Poor Dad is a good book as well as Nothing Down for the 2000's.