Greater Houston is a great place for real estate investments given the deflated prices compared to other US markets & the impressive population growth.Here are a few tips in this market:- lack of zoning makes knowledge of subdivisions(neighborhoods) VERY important; so know your numbers by subdivisions, i.e DOM, avg sales & rental price per sqft etc- market in Houston below $150k is overpopulated right now- too many people & too many transactions- so don't be fooled by recent sales data since they may be inflated; true value of SF investment properties should be driven by cap rates; SF rental market in Houston in north of 10% cap rateLet us know if we can assist on any way- we provide data to help investors find their own off-market deals.

I manage properties and assist in leasing rental units.

There might be some type of "emergency assistance" because the kids are most likely going to have to go to a relative (you didn't indicate if the dad is involved or not).

I have a broker that steal my broker fees and didn't perform on the loan. worst i borrow the money from another investor. what is my options legally?

Looking back, it appears that the right strategy was to borrow a million + from the bank, lock it in between 3.5 - 4.0% 30 year conventional and never see these rates again in our life time.

HUD did and investigation and chose to award them technical assistance instead.

If ur doing it to borrow $, maybe.

However there is one exception for owner occupied property they will allow the borrower to fund into a trust only.

The fraud committed is called "occupancy fraud" for some reason a lot people in general think it's ok to do this not knowing how serious this is.As the loan is sold up the chain there are several QC checks and if there is any hint of fraud in the file a SARS report is file on the borrower with the DOJ.

Typically private money is borrowed from an ordinary person that has capital getting a low rate of return.