I'm sure alot of us newbies are seeking insight on investing, where to look for a good buy, how to make deals and what are the right/wrong steps..

I'm looking for a comprehensive package that will track payments, interest, penalties etc.

They aren't illegal, but they come with numerous very specific and strenuous parameters to keep from being classified as an executory contract (contract for deed) in Texas, and as an executory contract, be liable for some extreme penalties (up to $250 per day liability from the day of sale).Now you can do 1 lease option per year and not have to worry about being liable for more than $100 per infraction, which at the most would be about $1,000.

*************************************************************HUD No. 04-037Lemar Wooley (202) 708-0685www.hud.gov/news For ReleaseWednesday April 14, 2004 HUD RAISES FINES FOR LENDERS WHO FAIL TO ASSIST TROUBLED BORROWERSWASHINGTON - The Department of Housing and Urban Development today published a proposed rule that would triple the amount of damages HUD can seek against a FHA lender that fails to engage in loss mitigation techniques.

Either will result in the full early dispursemnet of the IRA and result in the moneies taxed along with an additional 10% penalty.

We pulled up the property on his PC & he made some calls etc.I told him the target price I'm seeking (under $200,000), & I observed his method for searching properties on the PC, which was for $220,000, he was confident he could negotiate the price down.Regarding the fees.

Since this will be a direct connection between me and the private seller what interest should I expect on the loan, or better question what is a reasonable private loan interest I should be seeking?

I wanted to get into the real estate investment business and make this my new career.I am here to learn as much as I can and seek help from local members.

The termite wings, means there is a matured termite nest and the occupants are now seeking satellite nests within the structures.

To expand, new restrictive rules and penalties are coming from the Dodd -Frank Act, the SAFE act and are being interpreted and enforced by the Consumer Finance Protection Bureau.