It sounds like he maybe willing to continue to pay some of that payment even though I would take the homes on land contract.

While the nation struggles through a housing crunch, there are many markets that continue to do well, despite the rest of the country.

Experience is sometimes a brutal instructor to learn from.

I would like to get properties while continuing to live in my own residence.And if this is a good idea, can I do this once a year, taking the equity out of each house and putting it as a down payment on another?????

The advice normally comes from a RE lawyer who is being conservative.Assuming the payments continue on time then the lender has little incentive to call the loan.

I'm looking to continue to invest in this area and I want to establish a relationship with a good lender.

I'm continuing my research and will get in touch as needed.

Difficulties cames as I experienced new lessons and continue as I stay out of my comfort zone.

I do however; continue to originate commercial mortgages on a national level.

I'm in the rental business, so I'm continuing to buy at a deep discount as usual.Mike