About the only things that are really new are the short sale strategy and the red tape that goes with it.

Hello Belinda from ATL.I am sure that business says red hot just like the weather.

I would love to here some red flags that pop up when you are deciding if a property would be a good flip and fix or not.

Look at the Executive Director of the Red Cross, the salary and benefits paid are in line with any for profit CEO!

Puts the new player at a distinct disadvantage.If you actually want advice as to what to purchase, what's a good deal, etc. this is available for a fee.

Click on a property for a detailed report.Properties FoundSingle Family Residence (1-4)Property City State Market Price1301 CHARLES STREET PAMPA TX $ 104,8952114 HOLLY STREET AUSTIN TX $ 242,5002619 TUDOR MANOR HOUSTON TX $ 02906 EDGEFIELD CT LAREDO TX $ 234,1502918 BEACHTREE LANE BEDFORD TX $ 126,00029910 LAKE COMMONS WAY HUFFMAN TX $ 350,000354352 1426 CARROLLSBURG DALLAS TX $ 03809 WILBARGER ST FORT WORTH TX $ 21,00051099 LUKE LANE NOVI TX $ 223,6676821 COUNTY ROAD ATHENS TX $ 36,000Condominium (1 unit only)Property City State Market Price2318 MARKET STREET #11 GALVESTON TX $ 178,400Bank Premises - Land or Ground LeaseProperty City State Market Price1130 FIRST STREET LA MARQUE TX $ 250,0001300 S MOPAC AUSTIN TX $ 0201 W CARTWRIGHT MESQUITE TX $ 215,0002500 GESSNER RD HOUSTON TX $ 345,0002706 S TEXAS AVENUE BRYAN TX $ 625,0003831 N FRY ROAD AT CLAY RD KATY TX $ 455,0004160 FAIRMONT PARKWAY PASADENA TX $ 415,000434 SW MILITARY DR SAN ANTONIO TX $ 975,0006011 GARTH ROAD BAYTOWN TX $ 1,350,000Bank Premises OwnedProperty City State Market Price10852 CULEBRA ROAD SAN ANTONIO TX $ 0CENTRAL EXPRESSWAY N & W STACY ALLEN TX $ 0LAKE FOREST DRIVE & TX-121 MCKINNEY TX $ 0NEC OF HWY 80 & PINSON RD FORNEY TX $ 0NORTH LOOP 1604 W SAN ANTONIO TX $ 0US HWY 281 SAN ANTONIO TX $ 0Office BuildingProperty City State Market Price301 West Heritage Drive-ORE Tyler TX $ 1,150,000Land - Residential LotsProperty City State Market Price11 LOTS ELLIS COUNTY RED OAK TX $ 459,80011 LOTS ROCKWALL COUNTY ROCKWALL TX $ 918,50012 LOTS TARRANT COUNTY FORT WORTH TX $ 458,70028 LOTS DALLAS COUNTY DESOTO TX $ 616,0003 LOTS ATHENS TX $ 03 LOTS DENTON COUNTY FRISCO TX $ 0Raw LandProperty City State Market Price352985 LOT 1321 BLOCK 46 Houston TX $ 0357071 999 SHADOW MIST Leon Valley TX $ 0357319 SUB 18 759 ACRES 20 JV I EL PASO TX $ 07 SHELL KEY HITCHCOCK TX $ 90,000HWY 105 & WESTFORK BLVD CONROE TX $ 2,700,000LOT 20 STONEY CREEK PHASE 5A SUNNYVALE TX $ 126,000LOT 39 TROPHY OAKS GARDEN RIDGE TX $ 85,000SOUTH PADRE ISLAND SOUTH PADRE ISLAND TX $ 0TRACT 327 PHASE CORSICANA TX $ 147,000Improved Vacant LandProperty City State Market Price2 LOTS, CHAMPION RANCH DRIVE LARUE TX $ 14,700830 NEYLA DRIVE EL PASO TX $ 0

If you use the 2% rule, meaning that the rental income should be at least 2% of the purchase price, you should pay no more than $60,000 INCLUDING repairs. (1200/2%)The real red flag here is that you have absolutely no rehab experience.

Anyone have a link to a list of the lenders that are taking the newer bailout? I know its not all of them but I need to figure out which lenders to stay away from in addition to BofA now.

A recent lender told us str...

We know most of the REAL players and have a system in place designed to create competition around your sale.

"With our local unemployment rate over 12% we need to do a better job cutting red tape and putting Angelenos back to work."