Be sure to check out the Mortgage Broker forum for my products and services.Look forward to speaking with everyone.Thanks.

Again, the only reason I got the Option ARMs were for investment purposes; not trying to afford a house I really can't afford (like a lot of people do then get screwed later with higher payments).

That brings me here, and I am very excited to be here.I have a career in the business products industry, working for a wonderful company.

Look at your cash flow and the up front costs of acquisition (closing costs, mortgage points, down payment...) and see if you can afford it.Why don't you move into it right away?

We have had some discussions on this forum regarding the topic, but the quick and short of it is this:- Negotiate a sales price, repayment term, interest rate, and down payment that will work for both of you- If seller needs cash immediately then they can sell your loan to a private investor- Make sure that your contract allows you to either assign the contract and/or lease the property to someone elseIf the seller is truly desperate then I would try to negotiate a loan like this:- Low monthly payment- No down payment / low down payment- Sales price that meets (or possibly exceeds) the asking price- Long term for loanThis lets you sell the idea that the owner is getting the sales price he wants while you are getting the loan payment that you can afford.

Personally, I can't afford even the down payment on any of these, but I'm starting to know a deal when I see one.

I wanted to do a 2-3 flat unit but I don't think I can afford that unless I live on the edge every month. so I decided maybe I should just stick with a Condo.

I wouldn't have a problem with any product other that negative amortization that keeps my payments low.

With that in mind, if there is anyone interested in getting some publicity for their book/product and wants to offer it as a prize for some contests here on BiggerPockets, let me know by PM and perhaps we can get another contest going again!

That's why I recommend a property management company if you keep enough properties to afford one.