“It is clear our current laws are inadequate to prevent this abuse, which is why the Legislature needs to act.”The bills were developed with assistance from the Texas Department of Savings and Mortgage Lending, legal aid attorneys, and banking groups.Other wrap scams have affected about 40 homes in the Dove Springs area of Austin.

It doesn't mean that the one year old is inadequate; s/he simply is not at that stage yet.Keep reminding yourself that in one year you will be in a better position than if you did nothing.

Is trusting oral statements rational today - - statements from an unlicensed broker who needs to keep the end seller and buyer anonymous?

Ideally this will pay for most or all of the mortgage on that property so I can eliminate most of my housing expense compared to what I am paying now. 

@Tony Castronovo Have you considered allowing a property management company take over some or all of your current rentals?

That could mean anything from unsafe steps, non functioning or inadequate heating, leaking roof, to a biological hazard such as human or animal waste. 

Realize that one or all of you as individuals may need to qualify for the loan.  

My situation/strategy:I have $10k-$15k to spend (clearly not enough to pay cash for the property or all of the repairs) I would like to find a way to partner with him, fix up the property, refinance to pull money out of the house, rent it out or flip.

My situation/strategy:I have $10k-$15k to spend (clearly not enough to pay cash for the property or all of the repairs) I would like to find a way to partner with him, fix up the property, refinance to pull money out of the house, rent it out or flip.

I've found that if you're wholesaling, there's a lot less targeting by area, you kind of just go where the deals are.I mean, if you want to send out direct mail and target a specific area, both of those areas are fine though my sense is you might find more deals in Federal Hill vs the East Side (College Hill) since the latter tends to have more properties owned by folks with a decent amount of $ and I think you're less likely to find distressed situations there.But bad things happen to good people everywhere, including the East Side, so I'm sure there are deals there also.I'd recommend targeting by situation rather than by geographic area, or in conjunction with it I guess, for example something like "mail all the non-owner-occupied 2 and 3 family properties in Warwick" (or in 02905, or whatever) or "all the divorces that have happened in the last 6 months in Providence".