He is a honest kind of guy and doesn't make it sound like its super super easy because its not.

Their asking price was negotiable to some extent and was below market but not by the kind of margin a $1000 price would be.

What kind of advice can you give if you don't have the experience to give it?

If they're helping you get into the deal, then they're kind of a partner of sorts and have added value to the transaction.

I don't really need a fax machine yet... but wouldn't sending it on the internet kind of amount to the same thing as a email?

I haven't seen any 50 year fixed rate mortgages... so why would anyone choose this kind of loan over an ARM?

What kind of control do you offer to investors?

What kind of help do you need?

This is an overly simplified example where all of the houses are the exact same (this almost never happens in the real world), but the general principle holds true regardless.Reading Sales Data and Making AdjustmentsFirst of all, for the purposes of personal due diligence, don't try making all kinds of adjustments to your comparable sales.

Having this in mind is the key to chosing whether or not to use the Option ARM or any kind on Interest Only loan program.